Australia's national and regional productivity and economic opportunities are dependent on the delivery of strong transport networks. For example, the Bureau of Infrastructure, Transport and Regional Economics (BITRE) estimates that the cost of metropolitan congestion will rise to around $30 billion in 2030.
The Australian Government invests in nationally significant land transport projects that will deliver the highest benefits to the nation. These projects are significantly improving the efficiency and safety of land transport infrastructure in Australia.
As an informed investor, the role of the Commonwealth is first and foremost to select the best projects, based on robust business cases that will address deficiencies in key transport corridors and networks, before determining the best mix of funding and financing. As a result, the government has committed to support delivery of a number of major road and rail projects as well as be involved in a range of early stage infrastructure initiatives.