Home' Future Building Australian Infrastructure Review : Volume 5 Number 1 Contents 8 futurebuilding Volume 5 Number 1
The Hon Warren Truss MP
We are developing innovative nancing models,
which will help to build much-needed infrastructure
over the next decade.
A new Infrastructure Australia
Reforming Infrastructure Australia is a key part of our
The Infrastructure Australia Amendment Act
2014, which commenced on 1 September, delivers
on part of our election commitment to achieve
greater independence and improve transparency for
this expert advisory body.
A second piece of the legislation was introduced
into Parliament to deliver the nal stage of the
Infrastructure Australia reforms.
Work on the promised national infrastructure
audit has commenced in consultation with state and
territory governments, and will feed into the 15-year
infrastructure plan, which is expected to be delivered
in early 2015.
I expect both the audit and the plan to present
comprehensive advice on the nationally signi cant
infrastructure that we currently have, and the
infrastructure that we will need over the next 15 years.
The Government will give detailed consideration
to Infrastructure Australia's advice on these needs,
to help inform decisions on future infrastructure
investment. This includes implementing our
commitment to ensure that every project with a
Commonwealth contribution of $100 million or
more (apart from Defence projects) undergoes
Infrastructure Australia's robust scrutiny and analysis.
Infrastructure Australia will publish its reports
on its website as transparent advice, and that will
be available for governments and the community to
consider when allocating and discussing funding for
The Government is also pursuing strategies to drive
longer-term infrastructure nancing reforms to inform
the Government's delivery of critical infrastructure,
to ensure value for money for taxpayers, and to
The Productivity Commission's Inquiry Report into
Public Infrastructure has examined a range of factors to
reduce costs, drive better competition and encourage
greater private sector involvement in infrastructure.
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