TAS Major Projects 2021

20-21 April 2021
Wrest Point Conference Centre
Hobart, TAS, Australia

Tasmanian construction boom led by government, power sectors

Posted On August 31, 2019

The Australian Bureau of Statistics estimated the value of engineering construction work done in Tasmania in the March quarter was $388 million in real trend terms.

That was 24 per cent stronger than the March quarter of 2018. All other states and territories went backwards on that measure.

Tasmanian March quarter spending was up by 3.7 per cent from the December quarter, which was also the nation's strongest performance.

Infrastructure Minister Jeremy Rockliff said the $388 million quarterly spend was the highest ever recorded in Tasmania in the ABS series, which went back to 1987.

He said more than $1.4 billion worth of work was done in the year to the March quarter.

He said the data showed the engineering and construction sector was continuing to ramp up "to deliver on the government's ambitious $3.6 billion infrastructure plan over the next four years".

State Treasury analysis showed the electricity sector accounted for 32.1 per cent of the value of the work done in the year to the March quarter.

That was followed by transport infrastructure (28.7 per cent) and water and sewerage (18.7 per cent).

Treasury estimated 62.9 per cent of the activity was due to public sector spending (as opposed to the private sector).

In the March quarter, Treasury said, the value of engineering construction work yet to be done was estimated to have fallen by 9.2 per cent ($102.5 million) to $1.01 billion, compared to the previous quarter.

Treasury said the total was 30.9 per cent more than the level of a year earlier.

"This increase is attributable to a significant increase in work to be done by the private sector within the electricity industry," Treasury said.


Source: The Advocate

Image Source: The Advocate

View All »

Registration Closed!

20-21 April 2021

Wrest Point Conference Centre
Hobart, TAS, Australia



Follow us on

Contact Us

Expotrade Australia Pty Ltd
Suite 1, Level 1, 2 Brandon Park Drive
Wheelers Hill VIC 3150 Australia
Tel: +613-95450360
Email: info@expotrade.net.au

Expotrade - Empowering knowledge
© 2021 Expotrade - All Rights Reserved

Want more information? Let us know, we can help.

(Page Load time: 0.930318 Sec)