Property industry welcomes big federal infrastructure spend

The Property Council of Australia has welcomed the Federal Government’s strengthened infrastructure commitment and details of major new infrastructure projects to be funded in tomorrow’s Federal Budget.

Property Council Chief Executive Ken Morrison said the commitments represented a welcome alignment with the independent prioritisation process of Infrastructure Australia’s priority list.

“More money for infrastructure and investment in proven projects is exactly what we need, so this announcement is very welcome,” Mr Morrison said.

“The infrastructure projects identified in this announcement have been assessed by Infrastructure Australia as critical to Australia’s long term economic recovery from the COVID-19 pandemic.” 

“The news that the Federal Government will be strengthening its ten year infrastructure program is the right investment to make for the long term.”

“Fast-tracking investment in infrastructure is critical to supercharging Australia’s economic recovery over the next decade.”

“The very real costs of infrastructure shortfalls are felt by every Australian, whether through congestion, higher costs of doing business, or housing affordability.”

“This additional investment will help alleviate Australia’s long-standing infrastructure backlog and set up our communities for high productivity and future success.”