Monday, 31 December 2012

Major Projects Forecast


The engineering construction workforce required to deliver Queensland’s major projects will need to at least double over the next four years. From around 15,300 persons in 2011/12, the major project construction workforce is expected to rise to just over 30,000 persons by 2014/15. According to the analysis of major projects, work done on major mining and heavy industry construction projects is expected to rise from $5.4 billion in 2011/12 to nearly $14 billion by 2013/14. Most of this growth will be driven by oil and gas ($3.4 billion in 2011/12 to nearly $8 billion by 2013/14) and coal workforce demand.At the end of the forecast period, in 2015/16, the near completion of several major projects in the list (LNG and coal) drives an easing in major project work done and estimated there remains a strong possibility that new mining and heavy industry projects will be revealed over the next few years which could sustain activity at very high levels in 2015/16 and beyond.