Nuclear power plan puts sovereign risk back into Australian infrastructure

The Coalition push for nuclear power has injected sovereign risk back into Australia’s energy debate and created uncertainty about ongoing investment in renewables projects, the country’s largest infrastructure contractors say.– days after his National Party counterpart David Littleproud said the Coalition would scrap a planned wind farm off the NSW South Coast – reopened the carbon debate, the Australian Constructors Association said.

There was a concerning slowdown in transport infrastructure work – mainly roads and bridges, but also signs of peaking in rail – Mr Davies said. A further concern was the increasing cost infrastructure contractors were going to have to bear as a result of the next round of award pay increases locked by companies with the CFMEU construction union across the eastern seaboard.“We’ve had Queensland, which kicked it off,” he said. “Victoria … and NSW have trumped everyone with 22 per cent over four years. This is all cost increase without a focus on how we’re going to offset it with … improvements in productivity.

“As industry we need to gear up to be ready to have those skills. We need to import or train people up to deliver that work. It will be same with nuclear energy.”

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