Megacities the new ‘global economic engines’

GOVERNMENT NEWS

 

Australia needs to embrace urban density if the nation and its cities are to thrive, and boosting the population to 60 million could turn the country into an economic powerhouse, a population forum has heard.

Minister for Cities, Urban Infrastructure and Population Alan Tudge told a debate organised by development industry organisation Urban Taskforce that the nation is undergoing one of its most rapid periods of population growth.

Australia was facing 1.6 per cent growth per annum – twice the pace of the US and 2.5 times the rate of the OECD average, he said.

Mr Tudge said there was a need to balance the economic benefits of rapid population growth with the challenges, including urban congestion and infrastructure lag.

 

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