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Australian Government Coat of Arms

Budget | 2014-15

Budget 2014-15
Australian Government Coat of Arms, Budget 2014-15
  1. budget.gov.au
  2. 2014‑15
  3. Budget Overview
  4. Boosting infrastructure investment

Boosting infrastructure investment

The Government is increasing infrastructure investment through direct investments and providing incentives to States and Territories to free up capital locked in existing assets

Asset Recycling Initiative

The Government has committed $5 billion to provide financial incentives over five years to the States and Territories to sell assets and reinvest the sale proceeds into additional productive infrastructure. This historic National Partnership Agreement with the States and Territories has the potential to catalyse close to $40 billion of new infrastructure.

The Initiative will leverage a significant increase in private sector investment and create opportunities for investors, including superannuation funds, to invest in quality infrastructure.

Funding new priority road infrastructure

Insufficient investment in transport infrastructure can impede the competitiveness of businesses and reduce their ability to provide services efficiently to their customers. The Government is determined to remove transport bottlenecks that constrain Australian firms and cost commuters valuable time.

By removing bottlenecks, the Government is encouraging construction, driving real activity in the economy and modernising the nation's economic infrastructure.

The Government is prioritising road infrastructure as it provides strong economic benefits for our major cities and regional areas.

The Government's investment will help ensure that there are sufficient resources and momentum to deliver improved safety, capacity and flood mitigation works for vital highways.

New investments

This Budget commits $3.7 billion to new investments as part of the Infrastructure Growth Package. This funding will be used to expedite construction of high-productivity projects.

Funding new infrastructure in the States and Territories
The Asset Recycling Fund will use $2.4 billion in unspent funds from the Building Australia Fund and $3.5 billion from the Education Investment Fund, in addition to the proceeds of the sale of Medibank Private and other possible privatisations, to fund the Asset Recycling Initiative; new investments; Western Sydney roads; and future productive infrastructure.