Transport spending to jump 80pc in five years
![Doing the heavy lifting: Transport projects such as Sydney's NorthConnex will buoy construction for the next three years.](http://web.archive.org./web/20180224063735/http://www.afr.com/content/dam/images/g/y/j/p/y/b/image.related.afrIndexLead.320x210.h0wfa3.png/1519201670607.jpg)
Public spending on roads, railways and ports will lift annual infrastructure spending to $38 billion in 2021.
Public spending on roads, railways and ports will lift annual infrastructure spending to $38 billion in 2021.
Stockland said record settlements of new lots in the booming Sydney and Melbourne residential markets pushed its half-year profit up 18.2 per cent.
Construction work slumped nearly 20pc in the December quarter as the previous boost from a large LNG project fell out of the numbers, leaving economists at odds about the underlying strength of the industry.
WorleyParsons will pay its first dividend since 2015 as its balance sheet strengthens.
Fletcher Building CEO Ross Taylor says the Tradelink business with 260 stores isn't likely to be put up for sale.
In a sign of the industry's strength, an expected slump in dwelling commencements still leaves construction levels above the previous peak.
Building booms have lessons for all players, from corporate giants to small fry, as costs rise.
Construction software company Aconex has been bolstered by strong growth in its international markets.
Asset sales are likely later in 2018 at Fletcher Building but the new CEO needs to fully right the ship first.
Boral CEO Mike Kane runs a $9 billion company but he always remembers the boom and bust cycle that left his grandfather penniless when he di...
Woodside Petroleum has surprised the market with a super-sized $2.5 billion equity raising.
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