WA engineering work to slump 20%

Engineering construction activity in Western Australia is tipped to slump 20 per cent over the next two years, above that of a national 15 per cent decline, economic forecaster BIS Shrapnel says.


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I wonder if BIS Shrapnel are looking at the same Western Australian economy that I observe? FMG have A$6 billion to spend, BHPIO have about $10 billion, Oakajee may well yet go ahead, Sino Iron is proceeding, Utah Point berth is about to be built for all those iron ore projects in the NW, Pluto's additional trains are likely to go ahead, Gindalbie are spending their $1.3 billion, Perdaman seem to be proceeding with their A$3 billion plant in Collie, Water Corp has plans to spend about $1.3 billion, Devil Creek is just about to start construction and these are just some of the projects that come to my mind. Add to this all the "Private Equity" currently targeting WA through investment in resource companies and I see a totally different picture to what BIS are drawing. I can remember when one gas train for Woodside stretched the local engineering resources....what do BIS Shrapnel think all these projects will do? Maybe Mr Hart needs to have another look at his figures as WA needs to get ready, not cut back? Steve Brown

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