List of Recommendations
Recommendation 1
7.9 The committee
recommends that the federal government increase its level of borrowing to fund
productivity enhancing infrastructure.
Recommendation 2
7.10 The committee recommends
that the federal government issue infrastructure bonds to fund federal, state,
territory and local government investment in infrastructure.
Recommendation
3
7.14 The committee recommends
that the federal government utilise the inverted bid model when seeking to
attract private equity finance.
Recommendation 4
7.21 The committee recommends
that the access by state and territory governments to funding from
infrastructure bonds is contingent on the introduction of broad-based land tax.
Recommendation 5
7.26 The committee recommends
the establishment of an independent infrastructure fund to manage federal
government funding and spending for infrastructure.
Recommendation 6
7.27 The infrastructure fund
would be overseen by an independent board. The fund would manage Commonwealth
grants for infrastructure and the distribution of funds raised by
infrastructure bonds. The fund would also be empowered to attract and manage
private equity investment.
Recommendation 7
7.33 The committee recommends
that a project assessment be required for all projects seeking federal funding
and that this project assessment be published prior to a funding decision being
made.
Recommendation 8
7.36 The committee recommends
that the level of detail required for project assessment should be graded
according to the scale of the project, with larger projects being required to
undertake more detailed cost-benefit analysis. Similarly, the time period
between publication of project assessment and a funding decision should be
graded according to the scale of the project, with evaluations for larger
project being required to be made public for a longer period before a funding
decision is made.
Recommendation 9
7.36 The committee recommends
that the government consider widening Infrastructure Australia’s powers to
include the responsibility for all project assessment for projects seeking
federal funding.
Recommendation 10
7.37 The committee recommends
that the government consider diverting resources currently provided to the
Department of Infrastructure and Regional Development for project assessment to
Infrastructure Australia.
Recommendation 11
7.39 The committee recommends
that the criteria for project assessments include the proposed project’s
adherence to relevant federal, state, territory and/or local government infrastructure
plans.
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