May 13, 2008

$20 Million gets Infrastructure reform rolling

$20 Million gets Infrastructure reform rolling

MEDIA RELEASE

The Hon Anthony Albanese

Minister for Infrastructure, Transport,

Regional Development and Local Government

Leader of the House

Member for Grayndler

May 13 2008

The 2008-09 Budget allocates $20 million over four years to Infrastructure Australia  to develop a strategic blueprint for easing bottlenecks and addressing the nation’s long-term infrastructure needs.

Well-planned infrastructure provides the arteries of a successful, modern economy, helping to lift productivity and drive sustainable low-inflationary growth.

By establishing Infrastructure Australia, the Commonwealth will for the first time since Federation bring national leadership and coordination to infrastructure development.

A national long term approach will ensure current and future generations benefit from this critical reform.

Infrastructure Australia’s immediate task will be to undertake a National Audit and determine the capacity and condition of nationally significant infrastructure, including transport, water, energy and communications.

By March 2009 Infrastructure Australia will deliver to the Council of Australian Governments an Infrastructure Priority List which will help guide billions of dollars of public and private investment.

Infrastructure Australia will also develop nationally consistent guidelines for Public-Private-Partnerships by October this year, making it simpler and cheaper for local and international financiers to invest in Australian infrastructure.

The $20 million budget allocation to Infrastructure Australia shows the Rudd Labor Government is getting on with the job of:

  •  tackling inflation and boosting productivity;
  •  helping our manufacturers, farmers and miners get their goods to market as quickly and cheaply as possible;
  •  making sure working families spend less time stuck in traffic and more time with their families; and 
  •  securing our energy and water future.

The Rudd Labor Government has brought a fresh approach to the delivery of infrastructure: replacing neglect and inaction with long term planning so governments can anticipate infrastructure needs and demands, not merely react to them.