Leighton to score big from Aus infra spending boom: CEO

Leighton to score big from Aus infra spending boom: CEO

Construction contracting group Leighton (ASX:LEI) expects to benefit significantly from the anticipated infrastructure spending boom in Australia’s short term future.

CEO Wal King told shareholders at today’s annual general meeting that the billions worth of transport and utility projects planned for the short-future represented major opportunities for Leighton group members.

The government’s ambitious National Broadband Network (NBN) project was given as another example.

“We see a positive long term outlook for infrastructure spending,” King said, adding that the engineering construction market is expected to grow to around $140 billion by 2018 – more than doubling within a decade.

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Tags NBNLeighton Holdings

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