The 2019 Australian Infrastructure Audit identified that economic and social infrastructure accounts for close to 20% of Australia's gross domestic product (GDP).
However, the infrastructure industry performs relatively poorly compared to other industry sectors when measured for efficiency, productivity, innovation, digitisation, sustainability, industrialisation and value for money.
A global pandemic, natural disasters and geopolitical shifts have added resiliency challenges to this mix.
To create a step change in outcomes, there needs to be transformational reform to see how the sector operates.