Sunday, January 29, 2012

Australian infrastructure boom due to China and India

David Nealis in booming Shanghai China


Australia is set for an US$115 billion infrastructure boom as the nation adds ports and railways to feed China and India's appetite for coal and iron ore.

The largest exporter of the key steelmaking materials will build enough railroads to stretch from Washington DC to Los Angeles over the next decade, as well as a new port on the Great Barrier Reef coast that will dwarf the world's biggest bulk harbor. The projects will near-double global coal trade and add 57% to the market for seaborne iron ore.

If you are a Bull on the Australian Market then you better hope China and India keep up their rapid growth.


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