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Review to unlock local government investment

Review to unlock local government investment

Published: 23rd November 2011

The rail and road bridges on the Murray River by Bram Souffreau [CC-BY-SA-2.0], via Wikimedia Commons

The Australian Government will conduct a review of infrastructure financing to identify new ways of unlocking investment dollars to meet local infrastructure needs.

Speaking at the first meeting of the Local Government Ministers Forum in Canberra last week, the Minister for Regional Australia, Regional Development and Local Government, the Hon. Simon Crean MP, said it was important to focus efforts on the areas of greatest need to ensure communities could access opportunities and make every dollar count.

'It’s essential with a growing population, the demands on local services and the need to secure our future prosperity that we build on existing local, state and federal programs and leverage all opportunities for funding,' Mr Crean said.

The review will identify additional sources of capital for future local infrastructure such as Public Private Partnerships and accessing superannuation capital.'

The terms of reference are to assess how effectively and efficiently local infrastructure needs are prioritised and subsequently funded by local government; identify the sources of capital for future local infrastructure needs; and identify the opportunities, best practice models and principles for the regional prioritisation and financing of local government infrastructure.

Due to report back in March 2012, the review will be led by leading expert on infrastructure projects and procurement, Darrin Grimsey.

For more information visit the Australian Government’s Infrastructure Australia Public Private Partnerships webpage.