Australia

Australian Government launches infrastructure asset sales webpage

THE Australian Government last week announced that publicly owned assets proposed for sale or lease will now be listed on the National Infrastructure Construction Schedule website, as part of its $5 billion Asset Recycling Initiative.

The new asset sales page has been developed for states and territories to register publicly-owned assets available for private acquisition. The page already lists the Victorian Government's planned lease of the Port of Melbourne and a number of property sales and leasebacks proposed by the South Australian Government.

The Asset Recycling Initiative aims to help unlock funding for new public infrastructure projects through reinvestment of the sale proceeds from existing government-owned assets. Under the program, the Australian Government will offer financial incentives to the states and territories to privatise mature government-owned assets and reinvest the returns into new infrastructure.

Assistant Minister for Infrastructure and Regional Development Jamie Briggs said he welcomed the initial strong enthusiasm from state governments, including Victoria and South Australia who have already registered potential assets for acquisition.

"It's clear they have recognised the significant opportunities the Australian Government's Asset Recycling Initiative will deliver by generating additional revenue to build the infrastructure of the 21st century," Mr Briggs said.

"To ensure the effective delivery of the Australian Government's $11.6 billion Infrastructure Growth Package, I will be leading Ministerial Groups to oversee the implementation of key projects alongside my state ministerial counterparts."

Key major projects to be overseen include Victoria's East-West Link, the Western Sydney Infrastructure Plan, the Perth Freight Link project and South Australia's North-South Corridor.

"I have also tasked my Department to lead nationwide consultations with industry on future infrastructure solutions to deliver more efficient infrastructure faster," Mr Briggs said.

The Asset Sales page is part of the National Infrastructure Construction Schedule website, and is available at <http://www.nics.gov.au/AssetSales/AssetSale>.

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