Key messages

• Investment in Australia's public infrastructure is volatile and increasingly targeted towards megaprojects. Both these trends are challenging as they impact the affordability, deliverability and productivity of infrastructure.

• Governments can reverse declining productivity by reducing investment volatility to create an efficient, cost-effective, sustainable and attractive market.

• By adopting portfolio planning and management best practices to create a more stable infrastructure sector, governments will ensure industry can better respond to government's needs by providing the materials, skills and capacity to deliver tomorrow's infrastructure.

• Having a stable pipeline will allow the transformation of industry productivity through the adoption of production and manufacturing approaches to reduce cost volatility, lower overall prices and create a more sustainable industry.

• The infrastructure industry is global. If Australia is to remain an attractive and competitive market for investment, there needs to be a desirable market environment built on certainty, partnership and transparency.

• Through reform, it is possible Australia will have access to more domestic and international resources to create, operate and maintain infrastructure into the future.

• Commitments to effect cultural change should seek to deliver better mental health and wellbeing outcomes alongside greater workforce diversity and inclusion across the sector.