02/10/2007 - 22:00

Infrastructure growth strong

02/10/2007 - 22:00

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Western Australia’s construction sector has surpassed Victoria in taking the third largest share of construction starts in the nation last financial year, behind new frontrunner Queensland, and New South Wales.

Western Australia’s construction sector has surpassed Victoria in taking the third largest share of construction starts in the nation last financial year, behind new frontrunner Queensland, and New South Wales. 

The results, contained in the Housing Industry Association’s national ‘Construction 100’ report released last week, show a substantial boost in construction activity in WA, from a 15 per cent share in 2005-06 to 21.9 per cent in 2006-07.

Queensland had a 24.7 per cent share in 2006-07, ahead of NSW with 24.4 per cent.

Victoria held an 18.1 per cent share, down from 22 per cent in 2005-06.

The statistics, compiled from Australia’s 100 largest builders, also reveal WA had the highest market share (31 per cent) of engineering construction projects in 2006-07, comprising mainly roads, railways, telecommunications, mines and power, water and sewerage infrastructure.

Overall, industry starts surged by 41 per cent over 2006-07, following a 0.6 per cent increase in 2005-06, and contracts won by those making the Construction 100 hit their highest levels for the decade in 2006-07 to $55.3 billion.

BGC Construction remained the third largest construction company in the nation – behind Leighton Group and Abigroup – and the largest in WA, with $2.6 billion worth of construction work across all sectors, except industrial.

The only other WA-based company to make the top 20 was earthmoving and mining contractor NRW Holdings Ltd, which was ranked 18th with $677.5 million of work.

The top 20 included two global companies that run their operations from Perth. Oil and gas contractor, Saipem Australia, was in seventh place with $1.8 billion worth of work, while East Perth-based Alstom Power Ltd, came in 13th place with $908.3 million.

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