Gas Bolsters Investments But Adani’s Scale-Back Costs Queensland

Adani’s announcement of a scaled-back version of its planned Carmichael mega-mine has cost the overall value of Queensland’s investment projects in the latest quarter, but it’s not all bad news for the state’s investments.

Deloitte’s latest quarterly Investment Monitor released on Monday found engineering construction, hit hard between 2014 and 2017, is lifting in value due to a strong infrastructure investment from the state government.

Nationally, government investment across sectors is “one of the largest drivers of growth in the post-mining construction boom era”, Deloitte found.

With the state government investing $46 billion in infrastructure over the next four years, Queensland is preparing its biggest capital works program since the 2011 flood recovery effort.