The latest edition of Deloitte’s Investment Monitor pays tribute to the economic value of the NSW Government’s record infrastructure spending.
The June 2014 report notes the key role played by public sector transport projects in driving future investment.
In the latest budget, the government committed $61 billion over the next 4 years to capital development projects. The report praised the government’s policy of ‘capital recycling’, and cited sound cost-benefit analysis as a vital part of its recent success.
Treasurer Andrew Constance said he was pleased to see the State’s road and rail projects acknowledged for the benefit they will provide to the Australian economy.
“We’ve outlined our plans to turbo-charge infrastructure in NSW. This, along with the investment coming from the other states, will help to support the entire country”, Mr Constance said.
The NSW Government is currently working with the Commonwealth Government to find ways to attract investment from Superannuation Funds for future infrastructure projects.
Source: News Release NSW Government media release, 31 July 2014