Australia Infrastructure Report Q3 2012.pdf
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1、Q3 2012 infrastructure report issn 1752-5268 published by Business Monitor international Ltd. austraLia INCLUDES BMIS FORECASTS Business Monitor International 85 Queen Victoria Street London EC4V 4AB UK Tel: +44 (0) 20 7248 0468 Fax: +44 (0) 20 7248 0467 Email: Web: http:/ 2012 Business Monitor In
2、ternational. All rights reserved. All information contained in this publication is copyrighted in the name of Business Monitor International, and as such no part of this publication may be reproduced, repackaged, redistributed, resold in whole or in any part, or used in any form or by any means grap
3、hic, electronic or mechanical, including photocopying, recording, taping, or by information storage or retrieval, or by any other means, without the express written consent of the publisher. DISCLAIMER All information contained in this publication has been researched and compiled from sources believ
4、ed to be accurate and reliable at the time of publishing. However, in view of the natural scope for human and/or mechanical error, either at source or during production, Business Monitor International accepts no liability whatsoever for any loss or damage resulting from errors, inaccuracies or omiss
5、ions affecting any part of the publication. All information is provided without warranty, and Business Monitor International makes no representation of warranty of any kind as to the accuracy or completeness of any information hereto contained. AUSTRALIA INFRASTRUCTURE REPORT Q3 2012 INCLUDES 10-YEA
6、R FORECASTS TO 2021 Part of BMIs Industry Survey this is likely to be in 2017, although this is dependent on gaining approvals from planning and environmental authorities. ? In April 2012, the airport management of Australias Melbourne Airport released the preliminary development plan for its Southe
7、rn Precinct project - the airports five-year investment programme - for public consultation in April 2012. The Melbourne Airport expects to budget more than AUD1bn (US$1bn) for the entire Southern Precinct project, with the first phase, which primarily involves a new domestic terminal, estimated to
8、cost up to AUD300mn. With this expansion, the Melbourne Airport would increase its capacity by 20mn passengers per annum. The public consultation was expected to last until May 7 2012; then, depending on board and planning approvals, the first phase is due to enter construction in October 2012, with
9、 the terminal to be operational by July 2014. ? In May 2012, the Queensland state government launched a public consultation process for the AUD10bn (US$10.14bn) Dudgeon Point Coal Terminals project, reports Dredging Today. The public has been invited to comment upon the proposed construction of port
10、 terminals at the Port of Hay Point in North Queensland. It is intended to more than double the ports handling capacity, with the two new terminals to have a combined annual coal capacity of 180mn tonnes. The project will also include the construction of six rail loops and an overpass. Australia Inf
11、rastructure Report Q3 2012 Business Monitor International Ltd Page 6 SWOT Analysis Australia Infrastructure SWOT Strengths ? Large coal reserves provide a cheap source of power generation. ? A fertile business environment, including the best project finance score of all the developed countries in BM
12、Is ratings. Weaknesses ? Notable failure rate for toll road projects due to bullish traffic projections. ? Residential sector experiencing weakness. Opportunities ? The renewable energy sector provides huge opportunities; a budget unveiled in May 2009 set aside AUD4.5bn (US$4bn) for clean energy. ?
13、Investment needs of the electricity sector running to an estimated AUD100bn between 2010 and 2020 will necessitate investment into electricity infrastructure. ? State transport investment plans running into billions of dollars: Queenslands AUD18bn infrastructure plan; New South Wales AUD50.2bn trans
14、port plan (which runs over ten years), focusing on the greater Sydney area; and Victorias AUD38bn transport plan. ? Mining sector expansion based on Chinese demand for commodities, which, although expected to be potentially slow, will still be substantial. Threats ? Large interest rate hikes make lo
15、ans both project finance and mortgages more expensive. ? Strength of the Australian dollar (versus US dollar) is hitting the revenues of Australias largest construction companies (Leighton and WorleyParsons being two examples), which could affect projects in Australia. Australia Infrastructure Repor
16、t Q3 2012 Business Monitor International Ltd Page 7 Market Overview Australia Owing to its location and size, Australia has long-suffered from transport interconnection problems. The pattern of human settlement is characterised by high rates of urbanisation and high-density cities within 50km of the
17、 coast, particularly on the south-eastern and eastern coasts between Adelaide and Cairns, and on the western coast, south of Perth. Government transport policy is focused on coordination and cooperation between state governments, as well as the environmental impact of transport, particularly the aff
18、ects of gas emissions. However, despite the challenges, Australia boasts one of the most developed transport systems in the region. Despite the highly developed nature of Australias transport infrastructure, state authorities have been keen to bring in greater private sector involvement, in order to
19、 clear debts and reduce running costs. Queensland, the mining heartland and a major export hub in Australia, has since divested the state-owned freight transport company QRNational, the Port of Brisbane and the Abbot Point coal terminal. This divestment is also taking place in the state of New South
20、 Wales. In September 2011, Australias state of New South Wales (NSW) announced that is to lease the port of Botany, which is part of the port of Sydney. The state is hoping to raise up to US$2.32bn from the 99-year lease, with completion scheduled for H113. NSW plans to invest the money raised in th
21、e states roads, rails and hospitals. Investment is expected into both the freight and passenger transport network. Investment in freight networks, typically the role of the government, is increasingly moving into the private sector; mining companies and freight companies are beginning to invest in p
22、orts and railways in order to improve connectivity between mines, ports and export routes in general. The power sector is also reasonably well-developed. Australia is the fourth-largest miner of coal in the world, using it as its primary source for power generation and exporting more than 75% of its
23、 mining output. However, due to global warming and environmental concerns, Australia is trying to move away from coal-based plants, switching to cleaner plants that instead burn cleaner fuels, primarily gas. Moreover, significant investment in the power sector is required if the sector as a whole is
24、 to retain its ability to meet the growing long-term needs of businesses and consumers. The Energy Supply Association of Australia (ESAA) released a survey of the countrys power sector in April 2009, stating that over the following five years, AUD100bn (US$72bn) would be needed for refinancing and n
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