Find out what industry leaders have to say about the pressing challenges facing the transport sector and the opportunities waiting to be unlocked as we move toward a more sustainable future.
Cost escalation pressures are easing but key risks remain for the roads industry
Oxford Economics Australia’s Adrian Hart and Thomas Westrup look to the future in this edition of RA’s Industry Perspectives series.
Latest (March quarter 2024) price data shows that construction cost escalation has slowed (but not reversed) from the unprecedented growth experienced in 2022 and 2023. While this surge in construction costs was primarily driven by pandemic supply-side disruptions and other international factors, we see cost drivers now shifting towards domestic factors. Without substantial improvements in construction industry productivity, this presents risks for a significant reacceleration in construction cost escalation later this decade.
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Prioritising sustainability with Scott Smith
Our transportation networks, which facilitate the movement of both people and goods, are one of the world’s largest economic ecosystems and have a fundamental role to play in shifting the sustainability dial.
Aurecon’s Managing Director, Transportation – Australia, Scott Smith has outlined what our sector must do to accelerate its sustainability journey.
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