Newsletter #387 (View other news stories)
Economy depends on infrastructure investment
Australia
Thursday, 20 Nov 2008
Peak infrastructure body, Infrastructure Partnerships Australia, says government investment in infrastructure is vital to underpin the country’s future prosperity.
IPA executive director Brendan Lyon says even with a significantly lower surplus than expected, it is crucial that the federal government maintains a strong focus on investing in critical infrastructure assets.
"Infrastructure investment will deliver both badly needed short-term outcomes through sustaining employment and introducing liquidity into the national economy, and it will also deliver significant long-run returns by boosting national productivity and economic growth.
"Now more than ever, we need to make a considered and strategic national investment in the infrastructure that will underpin tomorrow’s growth. A nationally co-ordinated, integrated and rigorous plan to invest in key assets will help Australia through the current turmoil and sustain our growth into the future," he notes.
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