Economy
Perth Airport to open first hotel on site as part of a $5 billion infrastructure program.
October 30, 2024
Perth Airport has partnered with Accor, Australia’s largest hotel group, to operate it’s first on-site hotel, which is part of the $5 billion infrastructure upgrade planned over the next decade. The new Pullman Perth Airport hotel, is projected to open in 2027 and will feature 240 rooms across eight floors, along with a rooftop restaurant and bar, café, gym, sauna, meeting rooms and co-working spaces. This development comes shortly after Perth Airport reported an increase in EBITDA (earnings before interest, taxes, depreciation, and amortisation), to $420.8 million in FY24, a bit higher from the $403.8 million the previous year. The …
$23million contract awarded to begin the $250million Great Eastern Highway Upgrades initiative by the Australian and Western Australian governments.
October 28, 2024
Work is set to begin on additional upgrades for the Great Eastern Highway in Western Australia. A $23 million contract awarded to Fulton Hogan will fund improvements, including road reconstruction, widening, and sealing across three key sections of the highway. These sections are: 4.4 kilometers between Carrabin and Bodallin 4.6 kilometers between Nulla Nulla South Road and west of Liddell Road 2.4 kilometers between Liddell Road and Granich Road The project also involves intersection upgrades at Smyth Road, Nulla Nulla North Road, Bin Road, and Granich Road. Additional safety features will be added, such as new barriers, kerbs, signage, and …
$600million WA McPhee Creek Iron Ore Mine given the green light for development, creating 800 jobs!
October 9, 2024
Atlas Iron has received the final approval from the Federal government for the development of a new iron ore mine in Western Australia. Located at about 100 kilometers north of the Roy Hill mine and 30 kilometers north of Nullagine, the McPhee Creek mine will be build on Nyamal land, with ore transported through Palyku territory. Although the mine is projected to produce only 1.5% of Australia’s iron ore exports—the project faced a lengthy approval process, which began in early 2021. Challenges included changes to heritage laws and federal environmental guidelines. Hancock Prospecting’s Chief Executive of Projects, Sanjiv Manchanda, expressed …
$3.8 billion Burswood Point redevelopment project to generate over 25,700 local jobs over the coming years!
September 24, 2024
Construction has started for 4,500 homes as part of the Burswood Point redevelopment, supported by the Cook Government to boost housing supply in Western Australia. The initial stage includes 67 homes and 203 apartments, with future phases adding more housing, public spaces, hotels, and retail areas. The project has received $2 million from the Cook Labor Government’s $80 million Infrastructure Development Fund to support critical infrastructure, such as water and electricity connections. The fund has already helped launch 16 projects, with 1,321 apartments under construction and more in the pipeline. Future residents will benefit from expanded ferry services on the …
WA Infrastructure News: Perth Airport to begin A$5bn Construction Works
September 3, 2024
Perth Airport in Australia has kicked off a A$5 billion (US$6.4 billion) capital investment project aimed at expanding its infrastructure to support Western Australia’s growing aviation industry needs. The project includes major developments, including the construction of two multi-story car parks, a new terminal, an expanded international terminal, the airport’s first-ever on-site hotel, and a new runway. Jason Waters, CEO of Perth Airport, emphasized the importance of integrating new infrastructure with existing operations to ensure a seamless experience for passengers. He stated that the goal is to make sure that all future infrastructure developments are smoothly connected with the current …
The Transforming Bunbury’s Waterfront (TBW) project in Western Australia has awarded a $69.2 million contract to WA owned local contractors.
July 30, 2024
The Transforming Bunbury’s Waterfront (TBW) project in Western Australia has awarded a $69.2 million contract to WA Limestone Contracting and Italia Stone Group. Under this contract, a 460-metre-long breakwater construction at Casuarina Boat Harbour and dredging will be done to prepare the foundation and clear the entrance channel. This project aims to revitalize the harbour as a regional marine industry hub and community asset. The joint venture also plans to extend the Koombana Bay foreshore, potentially extending it for a future marina. With a substantial amount of material transport involved, this is the largest coastal infrastructure contract awarded by the …
Perth’s City Council’s $299.5 million budget set to include Swan River waterfront transformation
July 19, 2024
Perth is set to launch several projects in 2024-2025 to enhance its status as a livable, sustainable, and prosperous city. The City Council approved a $299.5 million budget for these projects which include: Sustainability improvements to Supreme Court Gardens Development of an East Perth sports and recreation hub Revitalization of Russell Square and upgrades to James Street Among these initiatives is the Riverfront Masterplan, revealed by Lord Mayor Basil Zempilas, as one of the key initiatives. The Masterplan aims to transform the Swan River into a world-class city park, with community engagement as a crucial next step. The 2024-25 budget …
WA Government invests $150.5 million towards Rottnest Island Infrastructure upgrades
May 15, 2024
Rottnest Island, a premier tourist destination in Western Australia, is scheduled for significant improvements funded by the state government. The 2024-25 State Budget allocates $150.5 million towards essential infrastructure upgrades to meet visitor expectations and future operational demands. Key investments include $98.5 million over eight years to develop new staff accommodations for businesses on the island. This will attract more staff, support businesses in operating beyond ferry schedules, and enhance visitor services. Tourism Minister Rita Saffioti stated that Rottnest Island is a globally recognised tourism destination. Investing in infrastructure is crucial for supporting island operations and ensuring safety. The enhanced …
$160 million contract for the Collie Big Battery Project awarded, providing more jobs for Western Australians and boosting local economy.
May 14, 2024
The delivery of the Collie Battery Energy Storage System (CBESS) reached a new milestone as Synergy awards a $160 million contract to SCEE Electrical. SCEE Electrical will manage the civil, electrical, and major equipment installation, including 640 battery container units, 160 inverters, and 220 kilometers of high-voltage cabling. They will also oversee a laydown facility at the Port of Bunbury. According to Energy Minister Reece Whitby, the contract is projected to provide more jobs for Western Australians and be of great benefit to the local economy. The Collie battery will be a crucial infrastructure component and play a vital role …
Record Employment, with an all-time high of 1.6 million, boosted by Western Australia’s Robust Economy
March 26, 2024
Recent data released by the Australian Bureau of Statistics indicates a 1.7% surge in Western Australia’s employment rate or 26, 319 jobs in February, which marks the state’s strongest growth in over three years. With the unemployment rate dipping to 3.6% in February, the number of unemployed in WA fell by 11,419 for the month. In February, WA’s total employment surpassed 1.6 million for the first time, with both men and women achieving record employment levels. The state’s unemployment rate dropped to 3.6%, below the national rate of 3.7%, with 11,419 fewer unemployed individuals. Since the Labor government took office …
