NSW and Victoria top the national infrastructure league tables

11 January 2021

The 2020 Australian Infrastructure Budget Monitor, released today by industry think tank Infrastructure Partnerships Australia, shows $225 billion dollars of taxpayer money is being invested in infrastructure across Australia over the next four years – a record increase of 26 per cent from last years’ spend – to combat the economic downturn from COVID-19.

For the third year running, NSW and Victoria are leading the national league tables again with a combined total spend of $153 billion.

Infrastructure investment has been firmly placed in the driving seat of this economic recovery,” said Infrastructure Partnerships Australia, Chief Executive Adrian Dwyer.

“The 2020 Australian Infrastructure Budget Monitor shows across Australia, governments have stepped up to deliver $225 billion in public infrastructure investment, a substantial $46 billion increase from last Budget season.

“Combined, governments are pumping nearly $5 billion of infrastructure spend into the economy every month – that’s the equivalent of building one new Western Sydney Airport a month, every month, for 48 months.

“For the fourth year running, NSW is leading the league tables in public infrastructure investment, with Victoria hot on the heels.

“Over the next four years, NSW will spend more than $84 billion on infrastructure projects – with one in every five government dollars set to be spent on infrastructure.

“Victoria is closing the gap on NSW, with almost $70 billion committed to infrastructure over the next four years, an increase of $21 billion from Victoria’s last budget.

“NSW and Victoria continue to dominate Australia’s infrastructure funding in overall spend, with both states accounting for 68 per cent of total infrastructure funding across the nation.

“Treasurer Perrottet and Pallas have firmly positioned their states as the infrastructure funding capitals of Australia and cemented NSW and Victoria as global infrastructure players.

“The Northern Territory has come from behind this year to take third place in the infrastructure funding league tables, with South Australia rising to fourth, and Tasmania jumping two places to fifth. 

 “Despite a measured 10 per cent increase in infrastructure funding, Queensland’s constrained balance sheet has forced the sunshine state to slip to sixth in the rankings this year.

“Consistent with our own advice, states and territories across the country are investing in smaller-scale projects that can be deployed over the near term, while planning has been progressed for larger projects, providing a robust pipeline of work over the next decade.

“It’s good to see that despite significant revenue pressure, states and territories across Australia have resisted some shortsighted calls to change course on the existing program – a response which would have had a devastating and long-lasting impact,” said Mr Dwyer.

You can access the 2020 Australian Infrastructure Budget Monitor here, https://infrastructure.org.au/budget-monitor-2020-21/.

Infrastructure Partnerships Australia is the industry think tank for the infrastructure sector, providing independent policy research focused on excellence in social and economic infrastructure.

 

--ENDS--

 

Source:  Infrastructure Partnerships Australia - www.infrastructure.org.au

Date of Original:  22 December 2020

Contact:  N/A

External Links:  https://infrastructure.org.au/budget-monitor-2020-21/

Recent news by:  Infrastructure Partnerships Australia

 

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