Australia’s Public Infrastructure Assets Under Scrutiny
Infrastructure Australia, the Government’s advisory body on infrastructure, today published a report “Australia’s Public Infrastructure – Part of the Answer to Removing Infrastructure Deficit”. The report calls on governments to examine the viability of selling publicly owned assets to the private sector, in order to fund new infrastructure. According to the report, many assets in the energy, port, regional airport and rail freight sectors could be sold relatively quickly and with only minor changes to current regulatory arrangements.
The report highlights that many of the public’s concerns about private sector ownership could be addressed through appropriate regulatory regimes that maintain service levels and protect against monopoly pricing.
Frontier (Australia) provided economic advice to assist Infrastructure Australia with its report.
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