Queensland industrial work to slow as boom subsides
A REPORT shows major project work in Queensland will take another blow during the next two years, as the construction sector settles after the "once in a generation" boom.
Engineering construction work in the Gladstone region is expected to take a hit, with engineering construction work to fall from a peak of $10.3 billion in 2012/13 to $300 million in 2016/17, the Major Projects Report states.
The report released this morning from Construction Skills Queensland (CSQ) and the Queensland Major Contractors Association (QMCA) shows the decline in engineering construction work from the impending completion of the Gladstone region's three LNG projects will account for a substantial portion of the predicted 65% decrease in state-wide major project work.
CSQ chief operating officer Paul Hodgson said the industry was currently undergoing a major transition with the construction phase of the LNG boom tapering off.
"However it's important that construction workers and employers, along with career seekers understand that we are still well positioned for the next five years," he said.
He also said there was a pipeline of works across the state, including projects such as the Toowoomba Second Range Crossing and the Gateway Upgrade North.
Mr Hodgson said there was some light at the end of the tunnelwith a potential upswing in 2016/17.
"The engineering construction sector of the industry could potentially experience another upswing if the proposed Carmichael Mine (Adani) in the Galilee Basin goes ahead as well as a number of Upstream LNG projects in the Surat Basin," he said.