Market
The construction sector is a driving force of the Australian industry and contributes roughly 8% to the country’s GDP.
The Australian Bureau of Statistics estimates that the population will double by 2075 from the current 23 million residents to 46 million. As the demographic growth rate is one of the factors that positively affects development of the civil engineering and large-scale works sector, the individual state governments and the federal government have confirmed they will support the vigorous development of infrastructure with the dual aim of bolstering the economy, through a public spending plan to reply to the negative performance of the mining industry, and to adequately respond to the existing demand for more infrastructure.
The Group has been active in Australia since 2013 and currently operates through Salini Impregilo Australia Branch, Salini Australia Pty Ltd, incorporated under Australian law, and Salini Impregilo Joint Venture.
In December 2013, Transport for New South Wales awarded Impregilo-Salini Joint Venture the contract, currently worth approximately AUD450 million, for the Sydney Metro Northwest Project - Design and Construction of Surface and Viaduct Civil Works.
The project is the first stage of the Sydney Metro Project, the largest public transport infrastructure project in Australia, which consists of the construction of the new metro line to serve north-east Sydney. It is slated for completion in January 2017.
| Project (Share in millions of Euros) | Residual backlog | Percentage of completion |
|---|---|---|
| Forrestfield Airport Link | 780.2 | 1.3% |
| NW Rail Link Project | 59.0 | 82.7% |
| Total | 839.2 |
Forrestfield Airport Link
On 28 April 2016, the joint venture of Salini Impregilo (80%) and NRW Pty Ltd (20%) was awarded the contract to design, construct and maintain the Forrestfield Airport Link by the Public Transport Authority of Western Australia. More information is available in the section on the key events of the period.
Outlook for 2016
On 22 June 2016, the parent was informed that it has been shortlisted by the Victorian government for the design and construction of a new project worth approximately €3.6 billion (AUD5.5 billion) in Melbourne. The project is one of the most ambitious road infrastructure projects of this state and its objective is to reduce traffic congestion on the existing bridge (West Gate Bridge) and commuting times. It will also create 5,600 new jobs. The works are to be completed by 2022. The Group deems that the Australian market is fundamental for its growth, as shown by the above developments.