Australia’s infrastructure investment is at an all-time high with an estimated $288 billion in the pipeline over the coming decade.
Despite this enormous escalation in expenditure of taxpayers’ resources, State and Federal Governments across Australia remain uninformed and ideological purchasers of infrastructure and services leading to extraordinary economic waste and delay. When it comes to delivering infrastructure, Australian governments have become bad customers. Research conducted by Equity Economics estimates that this has cost Australian taxpayers $10.8 billion over the last ten years and may cost an additional $5.0 billion over the coming three, and that “this is a direct result of state, territory and Commonwealth Governments not retaining adequate expertise in the procurement of infrastructure projects”.
Read the report here