The performance of Australia’s infrastructure assets is below the global average, according to design and consultancy firm Arcadis.
The company’s 2016 Global Built Asset Performance index, compiled in partnership with the Centre for Economics and Business Research, ranked Australia 21st in terms of total returns on built assets, and the country is expected to drop to 23rd by 2026.
Australia is also behind a number of emerging nations, such as the Philippines and Thailand, when it comes to asset performance.
“By 2026, emerging markets will increase their dominance for high performing and sustainable built assets – India will overtake the US, Indonesia will leapfrog Mexico and Japan, and Brazil will edge ahead of Germany,” said Arcadis director of built asset consultancy, Australia Pacific, Gareth Robbins.
In Australia, Mr Robbins said resource and manufacturing sectors will likely put an emphasis on driving the efficiency of existing assets, as well as deal with legacy environmental issues, where in the cities the focus will be on “creating sustainable and liveable urban centres”.
“New South Wales and Victoria have a very strong pipeline of infrastructure projects planned for the next decade to address rapidly growing cities, however, more will need to be done to unlock the value and potential of built assets left over from the slowdown in mining, and replace the decline in manufacturing,” he said.
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