CATALYST INFRASTRUCTURE FUND PROPOSAL
The Property Council, Urban Development Institute of Australia (UDIA) and Housing Industry Association (HIA) have written to the Minister for State Development, Manufacturing, Infrastructure and Planning to advocate for a new approach to catalyst infrastructure funding.
The proposed funding is designed to buffer the property and construction industry from the economic impacts of COVID-19. Funding the development of catalyst infrastructure would create jobs in the short term and unlock private investment in the longer term.
Under the proposal, the government would provide:
- a $500 million fund to supercharge direct investment in catalyst infrastructure across the state, and
- an additional, $100 million to be allocated across the already established Catalyst Infrastructure Fund and Catalyst Infrastructure Program.
The delivery of catalyst infrastructure enables private sector spending on housing, construction and smaller-scale non trunk infrastructure.
To view the full proposal, please click the link below.