Despite Australia’s sustained economic growth over the past two decades, the nation is still characterised by significant ageing and underdeveloped infrastructure.

Investment in essential services such as hospitals, prisons, schools, roads and utilities is progressing, but slowly. There remains a lack of clear policy and leadership to address the significant backlog of infrastructure projects. These projects require immediate investment to ensure that Australia can support its population and grow its economy.

In order to promote continued growth in the sector, the industry must overcome a number of significant hurdles, including greater consideration from state and federal governments regarding the role of private investment or ownership of public assets, government recognition and acceptance of investors’ increasing hesitance to disproportionately bear all the risk in large infrastructure projects, greater flexibility in industrial relations, to help the private sector achieve efficiency and productivity gains, and a simpler bidding process, and reduced bid costs, for greenfield projects.