Road and bridge construction is currently one of the strongest performing areas of Australia’s construction sector. When maintenance work is combined, we forecast a substantial increase in work done, set to begin in 2020/21 and peak at an unprecedented value of $38 billion (in constant 2017/18 prices) in 2022/23.
The short-term outlook, however, presents its own challenges. Road and bridge construction over the coming year will be impacted by drastic measures currently being adopted by Australia’s Governments, businesses and households, in an attempt to slow the spread of COVID-19. The impact of these changes are also examined and included within our forecasts.