Infrastructure Australia is pleased to publish the 2023 Infrastructure Market Capacity report.
The report finds Australia’s major public infrastructure pipeline stands at $230 billion over five years - an increase of four percent on the previous year. The report also finds that there is a smoothing of the pipeline, which shows governments have taken action to actively manage demand. Despite this slight smoothing of the pipeline, several market capacity constraints are inhibiting the ability of the sector to deliver projects on time and on budget, which are detailed in this report, including:
- Skills shortages
- Non-labour supply challenges
- Stagnating productivity
For the first time, the 2023 Infrastructure Market Capacity report also offers insights into key regional hotspots across the country, where demand is far outweighing supply.
Continuing on from the previous two editions, Infrastructure Australia once again makes recommendations for the Australian Government to consider in addressing market capacity constraints. In this edition, 14 recommendations are made covering:
- Active demand management
- Material supply
- Workforce supply
- Improving construction productivity