Australia had a bonanza of major reports handed down in the past week commissioned by the Federal government on the challenges and opportunities for the nation to retain its position as one of the most liveable places on earth. Continue reading
Garry Bowditch joined a major international seminar in Ahmedabad, India, on how public private partnerships (PPP) can be used to deliver major infrastructure projects. Continue reading
This article was originally published in The Conversation by Garry Bowditch.
Calls to lift the GST rate to placate the states financial challenges will serve to only exacerbate an already severe vertical fiscal imbalance and prolong a deeply unsatisfactory chapter in Australia’s Federation.
NSW Premier Mike Baird has promised projects financed by the sale of the state’s electricity network will have to pass a rigorous cost-benefit analysis.
In this article in the Australian Financial Review, Garry Bowditch says the NSW Government can boost the state’s productivity by selling the electricity network but it should concentrate on projects that would improve connectivity in the CBD.
Garry Bowditch was recently featured in this radio story from the ABC’s The World Today program:
While he is in Canada, Tony Abbott will meet the heads of some of the country’s wealthiest investment funds. Some have already bought into Australian ports and property developments, but infrastructure analysts here say there is an appetite for more.
Listen to the whole episode here. [podcast]http://mpegmedia.abc.net.au/news/audio/twt/201406/20140609-twtfull.mp3[/podcast]
SMART Infrastructure has partnered with the NSW Public Accounts Committee (PAC) for a high-level forum on infrastructure for the 22nd century.
The forum, conducted at NSW Parliament House last week, attracted key academic, political and industry leaders to consider the challenges and possible solutions for the state’s infrastructure. Continue reading
Garry Bowditch featured on the ABC’s PM program on March 28, 2014, discussing infrastructure asset privatisations.
Garry Bowditch discusses Sydney infrastructure and toll roads on 2UE Radio, March 13, 2014.
Australia’s two biggest construction companies, Leighton and Lend Lease, control a significant share of construction – up to 75% in cases such as major rail projects.
The recent Productivity Commission draft report on public infrastructure found their combined “market shares would appear sufficient to allow them to exercise market power to inflate prices and/or profits”.
At the same time, the Commission noted that no evidence exists to support such a proposition. A more important unanswered question remains – what conditions are necessary to attract foreign firms to help Australia deliver cheaper, faster and better infrastructure?
Looking abroad for solutions can solve some problems, but in the case of infrastructure, Australia must first do some necessary and overdue housekeeping before multinational construction companies would be interested in pursuing a long-term presence in the country.