Governments are banking on infrastructure projects to help the Australian economy recover from the coronavirus recession.State and federal governments have boosted spending on infrastructure in response to the COVID recessionOpinion is divided on the economic effectiveness of infrastructure spending
But Mr Greiner thinks the response to the COVID-19 outbreak can provide a lesson for the delivery of infrastructure projects."I think listening to the experts doesn't just work in a pandemic, I think it works in infrastructure."WA Minister for Transport Rita Saffioti says the Metronet project will keep people employed in vital industries.
"Metronet allows us to basically retain the employment base that we have," Operations Manager John Rasmussen told 7.30."It is important for governments to focus on local supply."The know-how and the quality is already here in Australia."Greg Combet says super funds will become more involved in infrastructure projects from the beginning.
"The industry funds over the next three years, we've got plans to invest about $19.5 billion, and we think that'll create 200,000 jobs over that period," he told 7.30.IFM owns the Port of Brisbane and Brisbane Airport, and it put up the $1.3 billion needed for the project."Super funds are long-term investors," he said.
carringtonAU IFM_Investors Not sure why toll-way tsar NickGreiner was interviewed Sydney edition
carringtonAU Rita_Saffioti building a Perth metro to an airport makes no sense (same in Sydney). Even if coronavirus problem is solved, there will be fuel supply (South China Sea) and climate change limitations to air traffic and therefore the need to access an airport
As long as their is private investment its fine.........West Gate Tunnel looks a rushed project that is looking a disaster though. Hate to wonder what the Tolls will be there.
It’s a straightforward arithmetic. Interest rates are low, so money is cheap. Labour is also cheap because of high unemployment rates. It’s the perfect time to fund big projects that will be of benefit in the future, and will feed thousands in the meantime.
WHITE ELEPHANT YOU SAY ? what about the other shades of ELEPHANTS?
I can’t eat infrastructure.
If built for the population ponzi machine then they are mal investment. They are merely a way for the concentration of profit in the hands of a few cartels ( Transurban) whilst all the tax payers wear the cost
Infrastructure is built on stolen money and intellectual property which is why the cookies are crumbling