Infrastructure Australia has just published the 2019 Australian Infrastructure Audit.
According to the Australian Infrastructure Audit published by Infrastructure Australia, $600bn in new spending is needed to keep pace with demand over the next 15 years.
Australia’s four largest cities – Sydney, Melbourne, Brisbane and Perth – are struggling due to the population boom.
Current assets are aging, road congestion is rising, public transport is overcrowede crowding and demands are growing on “social infrastructure”, such as schools and hospitals.
To keep up with this population growth, spending on infrastructure will need to remain at about $40bn a year.
According to Romilly Madew, the CEO of Infrastructre Austalia the infrastructure boom that Australia is experiencing will become “the new normal” and “catch- up” spending is not enough to ease population pressure in Australia’s biggest cities.
“Spanning across themes, sectors and geographies, the Audit presents a forward-looking view of Australia’s infrastructure challenges and opportunities over the next 15 years and beyond.
The Audit is an ambitious and expansive document, totalling 640 pages, with 180 identified Challenges and Opportunities, 350 infographics and more than 2,500 references.
It includes the work of over 150 contributors and the views of a further 5000 people who were surveyed as part of our community research.
The document is the culmination of more than 12 months of work.
It could not have been accomplished without the leadership of Peter Colacino and his team of researchers, and the assistance and expertise of many people who engaged with us during the drafting process.
We encourage you to read and explore the Audit via our website, and make a submission to respond to the infrastructure challenges and opportunities identified.”
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