Feds warm infrastructure narrative has not been met by cold hard cash

14 May 2018

IPA: Tonight’s Federal Budget sees infrastructure funding reduced by $2 billion over the forward estimates, meaning less cash for projects and more congestion for commuters, says industry think tank Infrastructure Partnerships Australia.

“It’s concerning to see that the Federal Budget has cut real infrastructure funding by $2 billion over the forward estimates,” said IPA Chief Executive Adrian Dwyer.

“This will be disappointing to the states, because the warm infrastructure narrative pre-budget has not been met with cold hard cash in the budget papers.

“Infrastructure projects like metro in the major cities, better freight connections and safer roads will need much greater focus from all sides of politics in the run up to the next election.

“Australia faces a complex task in finding the money we need for the infrastructure we want.

“At a time when our population is growing and our cities are more congested than ever, we need to see infrastructure dollars trending up not down. We need to see $10.7 billion put back into the budget for infrastructure,” Mr Dwyer said.

Infrastructure Partnerships Australia is the nation’s industry think tank providing independent policy research focused on excellence in social and economic infrastructure

 

--ENDS--

 

Source:  Infrastructure Partnership Australia - www.infrastructure.org.au

Contact:  Media contact: Michael Player 0424 698 189; Mitch Dudley 0430 003 137

External Links:  N/A

Recent news by:  Infrastructure Partnership Australia

 

ONLINE PROFILE