Our cities have a lot to be excited about with $75 billion in funding over the next 10 years aimed at rail, road and air.
PwC Australia Partner, Infrastructure and Urban Renewal Clara Cutajar says this will go a long way in tackling the economic cost of congestion, improving our lives and underpin the nation’s prosperity:
The $10 billion rail package not only fixes regional and rural rail networks, but connects our regional centres to cities
A commitment to build Sydney’s second airport in Western Sydney shows vision and long-term planning. And it’s not all about hard infrastructure. Expect a halo effect across Western Sydney which will make it a new place to live, work and play
All of this needs to be coupled with better planning, choosing the right projects and the encouragement of more innovative finance structures, including value capture.
A disappointment is the Asset Recycling Project not on the agenda as this can drive reform across the states.
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