Australia's road and bridge construction industry flourishes

Australia's road and bridge construction sector continues to grow, driven mainly by federal and state road funding, along with investments into public toll roads.

The industry has been performing solidly since the mid-2000s, and is expected to heat up even more in the coming years.

Revenue is predicted to increase by 3.1 per cent in 2013-14 as a result of an improvement in road construction in new home subdivisions and ongoing major roadworks throughout Australia. The total value of road and bridge construction project work is due to reach $20.1 billion over the five years through 2013-14, which is an increase of 0.9 per cent.

The main drivers behind the strengthening industry include the New South Wales state road authorities of Roads and Maritime Services, and the Victoria Roads Corporation. Large civil contractors and major construction companies are also pushing figures up.

It's not just construction companies that are contributing, either. Other specialised trade industries, such as earthmoving, concreting, landscaping, asphalting, steel erection and line painting, are also undertaking road construction activities and are helping to drive the road and bridge building industry ahead.