Infrastructure Australia’s market capacity work is a flagship of its policy and research program.
As reported in the 2023 Infrastructure Market Capacity report - the third report in this series - Australia’s 5-year infrastructure investment pipeline has slightly smoothed over the past 12 months, suggesting governments are actively managing their infrastructure pipelines. While the major public infrastructure spend is now valued at $230 billion over five years, a four percent increase on 2022, the updated outlook shows a 10% drop in the highest peak of expenditure across those five years and a shifting of investments into later years. Despite this slight smoothing of the pipeline, sustained cross-sectoral demand as well as regional demand hotspots and labour shortages will prolong the pressure on construction capacity.
With major public infrastructure playing a key role in Australia’s economic ambitions, the 2023 Infrastructure Market Capacity report explains that a sustained focus on improving the productivity of the construction sector, increasing material and labour supply while continuing to actively manage demand, are crucial to the future success of the industry.
2023 Infrastructure Market Capacity report