Infrastructure boom to last longer
A year ago annual infrastructure project activity was forecast to peak at about $16 billion in 2019.
But the government has anticipated the slowdown in apartment building and will use borrowed funds to plug the gap.
Now the peak for infrastructure build is forecast to hit 3 years later and some 40 per cent higher at more than $22 billion across a raft of billion-dollar projects.
High-rise apartment construction, then, is set to be replaced by roads, rails, tunnels...and the odd level crossing removal.
The obligatory cost overruns will also help spur the economy, of course.
The Coalition love is free, and the freeway's long!
The Coalition love is free, and the freeway's long!
