3.4 Next generation infrastructure investment

Key messages

  All levels of governments play an ongoing role in improving infrastructure project investment decisions and deliverability, supporting sector productivity and ensuring value for money.

  The infrastructure sector needs a clear and consistent long-term direction, focused on improvements to productivity, investment and project outcomes over the next 15 years.

  This vision should be evidence-based, developed collaboratively by the Australian Government with Jurisdictions and industry.

  Before governments identify infrastructure projects as shovel-ready, proposals should first be developed and assessed as investment-worthy.

  It is critical to invest in capabilities so the Australian Government can understand, execute and oversee more mature commercial and financial arrangements with states, territories and the private sector.

  A more commercially and financially sustainable infrastructure industry is vital for Australia's social and economic wellbeing.

  Government and industry can make stronger commitments to increasing sector productivity and competitiveness and develop a detailed plan to address current challenges.

  The Australian Government should continue efforts to become a more proactive investor by building capabilities and processes that help identify and initiate nationally significant projects, attract investment, upscale gateway reviews and assurances, and develop infrastructure delivery capabilities.

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