2018 CCF Victorian Infrastructure Outlook Report 1 | Page 17

Melbourne Metro Tunnel
Source: www.premier.vic.gov.au
Figure 1.5: Major Transport Projects Construction (over $2 billion in Construction Value)
By contrast, investment growth and construction activity
remains relatively weak or falling in the former resources
boom states of Queensland and Western Australia.
These states are now generating strong growth in mining
production and exports as a direct consequence of the
previous resources investment boom, boosting Gross
State Product (GSP). However, growth in State Final
Demand (SFD), the sum of household consumption,
government consumption and investment – (both public
and private) has been very weak or negative in recent
years. This is important, as growth in SFD tends to be a
greater driver of growth in employment and incomes than
growth in capital-intensive mining exports.
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