The Property Council of Australia has developed a top 10 list of infrastructure projects for the ACT that will act as catalysts to drive economic, employment and population growth for Canberra and the region, and which will improve the sustainability and liveability of our city.
Property Council ACT Executive Director Catherine Carter said that the ACT Infrastructure Priorities report had been undertaken to assist government in developing a long-term infrastructure plan for Canberra.
“The timely, effective and efficient delivery of catalyst infrastructure is essential to secure Canberra’s future. The property industry is both a consumer and provider of infrastructure and we have much to offer in terms of information and expertise,” Ms Carter said.
The top 10 list of projects was produced using a robust tool, a Multi-Criteria Analysis (MCA) methodology, developed by the Centre for International Economics in partnership with the Property Council of Australia. The MCA tool provides a transparent and strategic framework to identify infrastructure priorities against economic, social, environmental, good governance and strategic factors.
The study concentrated on projects that were considered both realistically achievable within a 10-year timeframe and regionally significant, that is, valued at more than $40 million in construction costs. A number of projects were identified as being funded by government, which is considered a good indication that government is working towards delivering projects of value to the ACT and region.
“The Property Council believes that it is critically important that the ACT Government now develop an infrastructure plan for the years ahead, taking into consideration issues such as demographics, land use strategy and delivery mechanisms.
“The development of an infrastructure plan and investment in infrastructure will also assist to provide much needed economic stimulus into the ACT economy, providing construction jobs in the short-term and community assets for the future.
“We look forward to working with the ACT Government as it develops and refines its work program and methodologies to develop an infrastructure plan for Canberra,” Ms Carter said.
A copy of the report Infrastructure – A New Era for the ACT: ACT Infrastructure Priorities can be downloaded here.
For further information contact:
Catherine Carter, Executive Director, 02 6248 6902 or 0412 330 079