Henry Tax Review – Infrastructure fund

02 May 2010

The Federal Government has also announced there would be a new infrastructure fund to help the states to invest in “nation building infrastructure necessary to support improved living standards”.

We’re concerned that, from day one, this fund is to be biased towards resource-based infrastructure required by the mining industry. There is a desperate need for a permanent annual funding allocation by the Federal Government for large scale urban infrastructure projects, such as public transport and motorways. It seems that this fund will not be focused on these vital needs.

The total amount of the infrastructure fund will start at $700 million in 2012]13 and will apparently increase over time.