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Government must boost infrastructure investment in budget



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THE HON ANTHONY ALBANESE MP

SHADOW MINISTER FOR INFRASTRUCTURE, TRANSPORT, CITIES AND

REGIONAL DEVELOPMENT

SHADOW MINISTER FOR TOURISM

MEMBER FOR GRAYNDLER

GOVERNMENT MUST BOOST INFRASTRUCTURE INVESTMENT IN BUDGET

Infrastructure Australia’s call for investment in railways and road projects that

tackle traffic congestion highlights the folly of the Turnbull Government’s cuts to

infrastructure investment.

The Government must respond with extra investment in May’s Budget.

Traffic congestion in cities is eroding our quality of life and cost the economy $16.5

billion in lost productivity in 2015 alone, according to the Bureau of Infrastructure,

Transport and Regional Economics.

But the Turnbull Government is cutting infrastructure investment, with this financial

year’s $8 billion in grants to states set to fall steadily over the next four years to

$4.2 billion in 2020-21.

Infrastructure Australia’s 2018 Infrastructure Priority List, released today, provides

advice on some of the rail and road projects that can help address the problem.

The Government must take that advice and get behind important public transport

projects like the Melbourne Metro, Brisbane’s Cross River Rail project, the Western

Sydney Rail and the AdeLINK light rail project.

Today’s report marks the 10th anniversary of Infrastructure Australia, which was

created by the former Federal Labor Government to provide evidence-based

advice about infrastructure proposals and whether they represent value for money.

Infrastructure Australia has done an excellent job in improving the quality of

decision-making.

This is despite the Federal Coalition Government seeking to undermine the

organisation by ignoring its advice, cutting its funding and seeking to sideline it by

creating its own Infrastructure Financing Unit, which is not independent.

TUESDAY, 27 MARCH, 2018

MEDIA INQUIRIES: MATTHEW FRANKLIN 0411 659 868