Ministers for the Department of Infrastructure, Regional Development and Cities The Hon Michael McCormack MP Deputy Prime MinisterMinister for Infrastructure, Transport and Regional Development Senator the Hon Bridget McKenzie Minister for Regional ServicesMinister for SportMinister for Local Government and Decentralisation The Hon Alan Tudge MP Minister for Cities, Urban Infrastructure and Population The Hon Sussan Ley MP Assistant Minister for Regional Development and Territories The Hon Andrew Broad MP Assistant Minister to the Deputy Prime Minister The Hon Scott Buchholz MP Assistant Minister for Roads and Transport The Hon Barnaby Joyce MPFormer Deputy Prime MinisterFormer Minister for Infrastructure and Transport The Hon Dr John McVeigh MPFormer Minister for Regional Development, Territories and Local Government The Hon Keith Pitt MPFormer Assistant Minister to the Deputy Prime Minister The Hon Damian Drum MPFormer Assistant Minister to the Deputy Prime Minister Senator the Hon Fiona Nash Former Minister for Regional DevelopmentFormer Minister for Local Government and Territories The Hon Darren Chester MP Former Minister for Infrastructure and TransportFormer A/g Minister for Regional DevelopmentFormer A/g Minister for Local Government and Territories The Hon Warren Truss MP Former Deputy Prime Minister Former Minister for Infrastructure and Regional Development The Hon Paul Fletcher MP Former Minister for Urban Infrastructure and Cities The Hon Jamie Briggs MP Former Assistant Minister for Infrastructure and Regional Development

Australian Government Welcomes BCA Report

Media Release

JB014/2013

29 November 2013

The Australian Government welcomes the Business Council of Australia's report on infrastructure investment in Australia titled, ‘Securing Investment in Australia' s Future: Infrastructure Funding and Financing’.

Investment in economically productive infrastructure is a key priority for the Australian Government and we welcome the Business Council of Australia’s contribution to helping achieve this objective. 

The report makes a number of recommendations to address Australia's infrastructure investment task including greater participation from the private sector.

It is imperative we actively seek to develop alternative finance options to attract more private sector investment into public infrastructure projects.

This is why the Australian Government has tasked the Productivity Commission to look at alternative financing options for projects and to provide recommendations on its findings.

I therefore encourage the Business Council of Australia to actively engage with the Productivity Commission and to provide comprehensive submissions to its inquiry.

The stronger and deeper the submissions received by the Commission from key industry stakeholders, the stronger and deeper its recommendations will be to the Australian Government.

The Australian Government is extremely committed to investing in economically productive infrastructure. 

Only 14 per cent of Labor’s stimulus spending was directed to productivity enhancing infrastructure.  We are not going to make the same mistakes as our predecessors.

That is why we will continue to work closely with the business community and state governments to deliver the infrastructure of the 21st century.