‘Mega’ Project Fast Track Philosophy Should Be Applied To All Approvals Processes

The Prime Minister’s welcome focus on fast-tracking of approvals for nation-building infrastructure projects must be adopted across the board by all levels of government involved in planning and construction approvals to deliver real economic stimulus and productivity gains for Australia.

The Property Council of Australia has welcomed the Prime Minister’s commitment of additional funding to get new local infrastructure projects out of the ground and accelerate approvals for ‘mega’ projects to help stimulate growth and support tens of thousands of jobs.

“We need to invest in new infrastructure, we need the productivity gains it can deliver, and we need the jobs and economic stimulus these projects bring,” said Ken Morrison, Chief Executive of the Property Council of Australia.

“We can’t afford for these nation-building, growth-enabling projects to be entangled in protracted and inefficient approvals processes.

“However, it’s not just the blockbuster projects which get held up unnecessarily by red tape and multiple layers of review by different agencies across different levels of government.

“Modelling done for the Property Council shows the economy could get a $3 billion annual boost just through more efficient planning approvals processes.”[1]

“There are residential and commercial projects in every town and city which are subjected to lengthy planning approvals and referrals across different agencies.

“Better coordination of the process across different levels of government and between agencies doesn’t mean taking short cuts or not doing the job properly – it’s just common sense,” Mr Morrison said.

“Now, more than ever, we need all levels of government to be focused on getting our economy moving through more efficient planning and approvals for smaller projects which are just as important in supporting jobs and growth.

“We need to build on the momentum that the Commonwealth, state and territory leaders are bringing to major projects, and commit to improved planning approval processes across the board,” Mr Morrison said.

[1] Federal Incentives Model for Housing Supply, 2016.

Media contact: Matt Francis | M 0467 777 220  | E mfrancis@propertycouncil.com.au