Infrastructure fast-track welcomed

The Property Council of Australia has welcomed the Federal Government’s plan to bring forward of spending on infrastructure projects around the country.

“Accelerated spending on infrastructure will deliver a double dividend: supporting the economy and driving long-run productivity gains in our rapidly growing cities” said Ken Morrison, Chief Executive.

“Infrastructure Australia recently noted that elevated levels of infrastructure spending were the ‘new normal’ for a growing Australia.

“Bringing forward these infrastructure investments will help us stay on top of the game when it comes to the productivity and growth of our cities and regions,” Mr Morrison said.

Mr Morrison noted that many of the projects identified were to be jointly funded and also in most cases delivered by state and territory governments.

“We need a coordinated commitment from across all levels of government to ensure these investments are brought to fruition, and their economic and productivity dividends are realised,” Mr Morrison said.

Source: Property Council of Australia