Hire and Rental News - February 2016

5 / 60

5 HIRE AND RENTAL NEWS • FEBRUARY 2016
INDUSTRY NEWS
The report update predicts the amount
of construction work carried out on
major projects will fall from just under
$10.5bn in 2014/15 to $5.9bn in 2015/16.
(A project’s total cost must be $100m or
greater to be considered a ‘major project’
for the purposes of this report).
Iain Ward said while it was important to
remember the report is only a forecast, it
was based on reliable current data and
highlighted many serious challenges for
industry over the next four years.
“Queensland still has some positives on
the major projects front but a decline
of around 50% is a serious investment
challenge in the short to medium-term.
“Equally concerning is the continuing
level of uncertainty about a pipeline of
viable projects coming to fruition against
the backdrop of fluctuating commodity
Queensland’s major construction projects to halve in 2015/16
“The 2015 Major Projects Report Update, prepared by the Queensland Major
Contractors Association and Construction Skills Queensland, has forecast the value of
construction work carried out on major projects will decline by almost half in 2015/16,”
Queensland Major Contractors Association President Iain Ward said.
prices and declining public investment in
large infrastructure projects,” Iain said.
The report’s major findings include:
• Several projects have been delayed;
• A number of projects have been
removed from the list;
• New projects have been added;
• The value of projects has increased;
• Sustained low coal and oil prices
threaten projects;
• Opportunities to boost public
investment;
• Further depreciation of the Australian
dollar may encourage new projects;
• Construction employment has fallen
from 243,000 in 2013 to 207,000 in
mid-2015.
Download the report:
Ben Sinclair fromAim Hire Victoria
last year completed the Global Rental
Alliance (GRA) exchange program. This
was an excellent opportunity for Ben
to represent the HRIA and learn about
the rental market in North America,
in Iowa in America’s Midwest. The
GRA meetings bring together rental
association representatives from all over
the world. Members have been able
to work together to produce relevant
industry data, present ongoing work and
share initiatives that can be introduced
to the different countries. To read about
his experience, visit his blog on the GRA
website:
Global Rental
Alliance exchange
Queensland
Brisbane (07) 3722 3722
Geebung (07) 3722 3722
Mackay (07) 4952 1666
Townsville (07) 4775 4855
new south wales
Sydney
- Wetherill Park (02) 9756 1244
- Newcastle (02) 4028 6810
Victoria
Melbourne
- Braeside (03) 9588 1440
- Derrimut (03) 8348 9000
- Bayswater (03) 9588 1440
western australia
Perth (08) 9358 5900
tasmania
Hobart (03) 6272 1055
Burnie (03) 6435 1666