Westpac comments on the Deloitte Access Economics "Investment Monitor". In brief:
- Total project pipeline $822bn at present
- Up $42bn on March,
- Reversing declines over the second half of 2015, to be $2bn higher than a year ago
- The value of definite projects (those either under construction or committed) rose by $49bn to $431bn, to be $11bn above a year ago but $37bn below the peak of three years earlier
- Potential projects (either under consideration or possible) are valued at $391bn, some $10bn lower than a year ago
WPAC cite a "stream of new public transport initiatives" as a clear theme:
- $39bn of the $49bn increase in total definite projects was explained by public transport initiatives
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Note:
- The Deloitte Access Economics Investment Monitor includes the full value of a project until the project is either completed or deleted
- this is different to the official estimates of the existing of the existing "work pipeline" (which values the yet to be done on a project currently under construction).
