Media Releases
Monday, 10th November 2014
Labor Welcomes Infrastructure Hub
It’s no surprise that Australia has been chosen as the location given that the creation of Infrastructure Australia in 2008 has been identified as world’s best practice and imitated not only by state governments, but also by New Zealand, the UK and other European nations.
Looking at best-practice models to invest in infrastructure is a good thing.
This global think tank will look at best practice around the world when it comes to securing infrastructure investment and analyse the suitability of its replication in other jurisdictions.
Australia went from 20th among OECD nations in terms of investment in infrastructure as a proportion of GDP in 2007 to 1st when the former Labor Government left office.
The new Government must take infrastructure investment as a driver of economic growth seriously.
This means not taking investment away from projects like Brisbane’s Cross River Rail project and the Melbourne Metro, which were properly assessed by Infrastructure Australia and found to be certain to lift economic productivity.
It also means not committing to major new projects until they have been the subject of proper cost-benefit analysis ticked off by Infrastructure Australia
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Marrickville NSW 2204
Phone: 02 9564 3588
Parliament House Office
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Electorate Office
334a Marrickville Rd
Marrickville NSW 2204
Phone: 02 9564 3588
Parliament House Office
Parliament House
Canberra ACT 2600
Phone: 02 6277 7700
Phone: (02) 9564 3588
Fax: (02) 9564 1734
Email: A.Albanese.MP@aph.gov.au
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