House debates

Monday, 2 June 2008

Questions without Notice

Infrastructure

3:23 pm

Photo of Anthony AlbaneseAnthony Albanese (Grayndler, Australian Labor Party, Leader of the House) Share this | Hansard source

I am sure the Australian Industry Group, whose members take in the construction and manufacturing industry, will be interested to hear that. Other members include Mr Phil Hennessy, the Queensland Chairman of KPMG; Mr Ross Rolfe, Senior Executive, Infrastructure, Babcock and Brown; Garry Weaven, the Chair of Industry Funds Management and also a director of Members Equity and of Pacific Hydro; and the Hon. Mark Birrell, a former minister in the Kennett government and Chairman of Infrastructure Partnerships Australia, which comprises both public and private sector organisations engaged in the infrastructure industry. In addition, they will be joined by Professor Peter Newman, the Professor of Sustainability at Curtin University in Western Australia, Mr Terry Moran, Dr Ken Henry, Mr Jim Hallion, Mr Anthony Kannis and Dr Kerry Schott. Showing just how serious the government is about infrastructure investment, we have made an unprecedented commitment of $20 billion for the Building Australia Fund to invest in critical economic infrastructure.

Infrastructure Australia’s advice based on a rigorous analysis of costs and benefits will feed into the government’s decisions about allocations from the Building Australia Fund. The government understands that a considered approach is vital to ensuring a well targeted investment strategy that boosts productivity, captures private sector investment funds and makes efficient use of existing infrastructure.

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