For the third year in a row, New South Wales has led the nation in public infrastructure investment, according to Infrastructure Partnerships Australia’s (IPA) 2019 Budget Monitor.
Victoria came in second place, committing $53 billion to infrastructure funding over the next four years, a $13.4 billion increase from the previous year’s budget.
Queensland placed third, followed by the Northern Territory in terms of public infrastructure funding per capita.
Infrastructure Partnerships Australia Chief Executive Adrian Dwyer said NSW stayed ahead on the national table with an impressive infrastructure agenda.
“Over the next four years, NSW will spend more than $71 billion on projects right across the state, 18.4 per cent of total planned budget expenditure,” he said.
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This year, NSW’s and VIC’s spending accounted for 68 per cent of total infrastructure funding for Australia.
“It’s good to see that despite significant revenue pressure, states and territories across Australia have responded to our call to continue pressing the pedal on infrastructure spending,” Dwyer said.
“Australia faces an unprecedented population and productivity growth challenge that must be met with sustained spending on transport, hospital, and school projects right across the country.”
IPA is an industry think tank for the infrastructure sector that provides independent policy research focused on social and economic infrastructure.
The organisation’s Budget Monitor shows states that use asset recycling have been able to tap into a major pool of capital investment in large infrastructure projects.