No Content Set
Exception:
Website.Models.ViewModels.Components.General.Banners.BannerComponentVm

Services

Technical services and consulting solutions for clients in the property, energy, transport, water, resources, defence and government sectors.

Advisory and management consulting

Advisory and management consulting services for businesses and projects, including economics, due diligence, transaction advisory, ESG and more.

Communications, creative and digital

Communications, creative and digital solutions for governments and businesses including community engagement, design, research, data and software development.

Laboratories

Scientific analysis services for AgroScience, food safety, workplace exposure, environmental metrics and contaminants of concern in Europe and the UK.

Planning and approvals

Development strategy, planning and approval solutions for buildings, infrastructure, transport and city projects and investments.

Project and program management

Project management solutions for the most complex building, infrastructure, organisational change, and systems projects.

Training

Specialist training services, programs and accreditation for health, safety and risk, project management, and energy sector capability development.

Sectors

World-leading technical and consulting solutions for clients in the property, energy, transport, resources, water, defence and government sectors.

Property

Design, technical and advisory services for the property sector, including residential, commercial, retail, industrial, health, education and data centre projects.

Energy

Energy exploration, development and optimisation solutions for renewables, power and gas networks, energy storage, oil and gas and nuclear facilties.

Transport

Smart, safe and sustainable transport infrastructure development services and advice for rail, aviation, port and road clients and projects.

Defence and government services

Expertise for defence capability and infrastructure investments, security and safety projects, and information and telecommunications initatives.

Water

Discover our industry-leading strategy, design and management solutions for wastewater, groundwater, flooding, drainage and network infrastructure.

Resources

Commercial data, design advice and technical management solutions for safe and environmentally responsible resource exploration and operations.

About us

Responsibility

Services

Technical services and consulting solutions for clients in the property, energy, transport, water, resources, defence and government sectors.

explore Services
Advisory and management consulting

Advisory and management consulting services for businesses and projects, including economics, due diligence, transaction advisory, ESG and more.

Due diligence

Economics

Strategy and transformation

Commercial and technical advisory

Transaction advisory

Project investment and finance

ESG consulting

Explore Advisory and management consulting
Communications, creative and digital

Communications, creative and digital solutions for governments and businesses including community engagement, design, research, data and software development.

Communications and engagement

Creative, visualisation and immersive design

Social advisory and research

Data management, analytics and insights

Spatial intelligence and GIS

Software development

Explore Communications, creative and digital
Design and development

Technical and consulting services for buildings, infrastructure and cities including architecture, engineering, surveying, landscape architecture and urban design.

Architecture

Lifts and escalators

Building services engineering

Civil engineering

Fire engineering

Geotechnical engineering

Landscape architecture

Structural engineering

Surveying

Utility options and design

Urban design

Explore Design and development
Laboratories

Scientific analysis services for AgroScience, food safety, workplace exposure, environmental metrics and contaminants of concern in Europe and the UK.

AgroScience analysis

Food safety analysis

PFAS Analysis

Environmental analysis

Analysis of unknowns

Workplace exposure analysis

Explore Laboratories
Planning and approvals

Development strategy, planning and approval solutions for buildings, infrastructure, transport and city projects and investments.

Planning consultancy

Transport planning

Explore Planning and approvals
Project and program management

Project management solutions for the most complex building, infrastructure, organisational change, and systems projects.

Program management

Project management

Cost management / quantity surveying

Building consultancy

Explore Project and program management
Training

Specialist training services, programs and accreditation for health, safety and risk, project management, and energy sector capability development.

Health, safety and risk

Training: project management

Capability development and training for the energy sector

Explore Training

Sectors

World-leading technical and consulting solutions for clients in the property, energy, transport, resources, water, defence and government sectors.

explore Sectors
Property

Design, technical and advisory services for the property sector, including residential, commercial, retail, industrial, health, education and data centre projects.

Residential

Commercial and retail

Leisure and tourism

Industrial

Health and healthcare

Education

Data centres

Explore Property
Energy

Energy exploration, development and optimisation solutions for renewables, power and gas networks, energy storage, oil and gas and nuclear facilties.

Oil and gas

Renewables

Nuclear facilities

Power and gas networks

Storage

Explore Energy
Transport

Smart, safe and sustainable transport infrastructure development services and advice for rail, aviation, port and road clients and projects.

Rail

Aviation

Ports

Roads

Explore Transport
Defence and government services

Expertise for defence capability and infrastructure investments, security and safety projects, and information and telecommunications initatives.

Defence

Security and safety

Information and telecommunications

Explore Defence and government services
Water

Discover our industry-leading strategy, design and management solutions for wastewater, groundwater, flooding, drainage and network infrastructure.

Water management

Wastewater

Flooding and drainage

Groundwater

UK and Ireland regulated water asset management

Explore Water
Resources

Commercial data, design advice and technical management solutions for safe and environmentally responsible resource exploration and operations.

Mining

Waste

Explore Resources

Projects

We define, design and manage projects that create shared value to a complex, urbanising and resource-scarce world.

explore Projects

Brilliant minds finding solutions to complex problems, made easy to understand. Making complex easy.

Brilliant minds finding solutions to complex problems, made easy to understand. Making complex easy.

explore Insights

Federal budget 2022: opportunities for infrastructure

It’s always interesting to read the commentary that circulates after Budget night.

27 October 2022
Arthur Stamatoudis

Asia Pacific

Australia

ON THIS PAGE
Contact us

For those who work in the infrastructure space, discussion abounds about what the Budget means for the project pipeline that stretches ahead of us. And usually it’s a conversation about ‘what’s in, what’s out?’

The Federal Government has pitched this Budget as ‘solid and sensible…[and] suited to the times we are in and the conditions we confront.’

The subtext is clear. Economic conditions are shifting and that will certainly mean change for project funding and prioritisation.

It’s easy to get caught up in the negative portents of programs cut and a foot coming off the investment accelerator, but it’s important to look at the bigger picture. There are opportunities on the horizon for infrastructure, even if the headwinds are a little stronger than we’ve been used to.

Here are my thoughts on the positives that the infrastructure sector can draw from the latest Budget.

Aerial view of solar panels on rooftops

Where housing comes, infrastructure always follows

The Budget Overview notes that:

‘Australia is facing acute housing pressures and too many Australians do not have access to affordable housing. At the same time Australia has a low level of institutional housing investment and the world’s third largest pool of capital in our superannuation system which is hungry for investments that will deliver stable returns over the long term.’

In response to the growing issue of housing accessibility, the Government is establishing a new National Housing Accord to address the shortage and deliver new affordable homes. A target of ‘one million new, well-located homes [is] to be delivered over 5 years from mid-2024 as capacity constraints are expected to ease’.

One million homes is a lot. And housing can’t be built in isolation. Huge investment will need to be made in complementary infrastructure assets to support this growth, both close to the homes themselves and further afield across our energy, transport, water and telecommunications networks.

A commitment to strong investment in housing is a good sign.

Investment beyond transport

We’ve been living through the age of the transport ‘mega project’ in recent years. Australian capitals have seen the positive impacts through projects that are literally transforming the form and function of our cities like Sydney Metro, Cross River Rail, and the Metro Tunnel Project.

The Budget makes commitments for transport infrastructure projects worth $120 billion over the next ten years, including major funding investments for the Western Sydney Roads Package ($300 million), upgrades to the Bruce Highway in Queensland ($586.4 million), and planning for a high-speed rail connection between Sydney and Newcastle ($500 million) to name just a few.

The Budget signals that there is no stop to transport, but it also points to some important shifts in focus. Significant commitments are being made to social infrastructure, like the $50 million allocated for a TAFE Technology Fund to modernise facilities, or the $270.8 million assigned for improvements to public schools via the Schools Upgrade Fund.

Offshore wind farm at sunset

Clean energy is also high on the priority list with the Government committing to major investments in the transmission infrastructure needed to meet renewable energy targets.

Nearly $2 billion is being devoted to the Powering the Regions Fund, $300 million has been set aside for community batteries and solar bank projects, while Rewiring the Nation will:

‘Use $20 billion of low-cost finance to make much-needed upgrades to our outdated electricity grid. This includes investing in Marinus Link to connect Tasmania's Battery of the Nation pumped hydro and renewables to the East Coast transmission network.’

In the same way that the Budget Overview points to an untapped well of capital that could be used to address the housing crisis, there are also big opportunities to accelerate clean energy infrastructure by unlocking super fund capital and other private equity.

These types of funding commitments in the Budget, combined with legislative changes that are adding more investment certainty to emerging renewable asset classes like offshore wind are a good signal for investors, and for our infrastructure pipeline, too.

Woman in industry wearing hardhat and safety glasses

Training and skills for the future of delivery

A final positive that stuck out for me is the focus on addressing workforce shortages and building capacity in priority sectors.

Labour is a huge problem facing our industry and gender equity is an ongoing issue. The Budget has allocated funding for skills development and signalled that it will create an Australian Skills Guarantee under which ‘one in 10 workers on major federally funded projects must be an apprentice, trainee or paid cadet, with specific targets for women.’

It’s a longer play, sure. But if COVID-19 taught us one thing, it’s that the infrastructure sector is both resilient, and vitally important. Infrastructure was the lever we pulled to keep our economic wheels turning in a pandemic. To keep up the pipeline pace, we absolutely need to invest in the people that will deliver it.

While the headlines might be less than positive right now, reading between the lines of this year’s Budget just shows that infrastructure will continue to play a leading role in Australia’s wealth and prosperity into 2023, and beyond.

Arthur Stamatoudis

Executive Director - Advisory, Australia Asia Pacific