Infrastructure yearbook shows growth in transport investment
The Minister for Infrastructure and Transport, Anthony Albanese, has released the latest Australian Infrastructure Statistics Yearbook, showing that infrastructure investment is up 42 per cent in real terms since 2006-07 (the last full year of the Howard Government) and is double what it was a decade ago.
The report shows that spending on roads and bridges is up 50% since 2006-07, railways is up 118%, and ports and harbours spending is up 305%.
Other areas of infrastructure expenditure include energy generators and pipelines (up 51% since 2006-07), water storage and supply (up 113%) and sewage and drainage (up 113%).
“On any objective measure, it’s clear that the reforms we’ve instituted—including the establishment of Infrastructure Australia—and the direct investments we’re making are working. In just four years we’ve turned around declining investment in the nation’s infrastructure and begun building for the future,” Mr Albanese said.
The Yearbook, compiled by the Bureau of Infrastructure, Transport and Regional Economics, is available here.