A new economic report commissioned and released by Civil Contractors Federation National (CCF National) today confirms additional funding is required to generate much needed economic and employment growth in the Australian economy as it continues its recovery from COVID-19.
The study, Rebuilding Australia, A Plan for a Civil Infrastructure Led Recovery, (click here) prepared by BIS Oxford Economics on behalf of CCF National also analyses the risks to an infrastructure-led recovery that require urgent attention by all levels of government. “This new report provides evidence that civil construction is central to the economic recovery, with investment in infrastructure generating an economic return of 3:1. It finds that for every $1 million invested, a total of $2.95 million of output is contributed to the economy,” said Chris Melham, Chief Executive Officer of CCF National.
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