A surge in data centre, road and energy projects is set to drive Australia’s construction pipeline to more than twice the peak of the mining boom, raising fresh concerns about the economy’s capacity to absorb the work and adding pressure on Treasurer Jim Chalmers to scale back infrastructure spending.
Deloitte Access Economics estimated the value of projects under construction could approach a record $870 billion in 2027, underscoring the Reserve Bank of Australia’s concern that a burgeoning pipeline of infrastructure builds was adding to the economy’s inflation challenge.
Gift articles to anyone you choose each month when you subscribe.
