5 Minute Overview: QLD’s Project Landscape
By rough estimates from QMCA (Queensland Major Contractors Association), Queensland’s major projects pipeline is currently $25 billion-strong. Once prospective and proposed projects receive funding commitments, this number is expected to balloon to over $41 billion over the next five years.
While major transport projects are driving engineering activity for our southern neighbours and mining activity is abuzz to the west, Queensland finds itself in an interesting spot with doors currently open for both avenues.
With 2020 just around the corner, the Peopleconnexion Brisbane team take a look at QLD’s engineering project landscape:
Image source: QMCA
Transportation going steady into 2020
Around this time last year, it was expected that the Queensland transport market would be positively booming. While projects like Cross River Rail, Brisbane Metro, Inland Rail and BHUP are generating activity, we haven’t quite hit the ?a-ha!? moment many were expecting in the first half of last year.
Image source: RACQ
While much of the transportation investment in Queensland remains SEQ-focused, projects like the Rockhampton, Mackay and Cairns Ring Roads are creating a healthier baseload of work up north in the roads and highways space.
On that roads and highways front, we?re seeing the TMR metro region tending to release smaller packages of work as design only or construct only as opposed to larger D&C projects, however there is still plenty coming through. North Coast TMR, South Coast TMR and a number of regional TMR regions also seem busy and are releasing plenty of work.
Mining and resources shifting gears
It’s no secret that Queensland’s mining and resources space is starting to gain momentum. Just last month, the state set a record for metallurgical and thermal coal exports with 21.43 million tonnes sent out from our shores. This has been part of a growing trend and demand for QLD coal that shows no signs of slowing down.
Image source: Queensland Mining & Energy Bulletin
On the oil and gas front, earlier this month it was announced that the State Government had given the green light to the Santos-Shell JV and Bridgeport to start gas exploration in the Surat basin.
These movements, along with progressions on Adani’s Carmichael coal mine indicate a shift in gear in the industry headed towards 2020.
The BIM boom is here
Queensland is riding the BIM boom.
As of July 1, all major government construction projects (i.e.: those with detailed business cases launching after July 1) valued over AUD $50 million will be required to use Building Information Modelling (BIM).
This move comes as part of the Queensland Government’s push towards digital integration in the infrastructure sector, and a widespread industry shift towards adoption of the process.
There is still a major learning curve the industry as a whole needs to go through before BIM becomes commonplace, but with BIM now set as the standard.. the clock is ticking
Brisbane gets a facelift
If you find yourself in Brisbane’s CBD, it’s time to get used to construction sites! Aside from major station upgrades and associated works stemming from Cross River Rail and Brisbane Metro, the next five years are ushering in a brand new look for entire parts of the city.
Image source: Brisbane Times
Image source: Far East Consortium
On the construction front, the next few years will see progress on the $3.6 billion Queen’s Wharf integrated development and the $1.4 billion Eagle Street precinct revamp to the proposed $2.4 billion Brisbane Live entertainment precinct at Roma Street.
Image source: Brisbane Development
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