Pitcher Partners’ Mark Harrison today welcomed Malcolm Turnbull’s offer of $1.5 billion towards Victoria’s roads, but cautioned that infrastructure investment shouldn’t stop at roads and rail.
“It’s really pleasing to see the federal government continuing to invest in Victoria’s transport infrastructure,” said Mark Harrison.
“In particular, we’re happy to see that investment has been made into key infrastructure projects that will help Victoria’s manufacturers and primary producers get their products to market.
“The Murray Basin freight rail project is critical for access to port infrastructure, and it’s also good to see road links to the airport being upgraded.
“But thus far, from both federal and state government, we should be seeing more investment in both port and airport infrastructure itself – not just the road and rail links that lead there.”
Mark Harrison believes infrastructure should be a key priority for both the federal government and the Victorian government in their respective upcoming budgets.
“Investing in infrastructure that helps Australians get to work is a definite productivity boost.
“But infrastructure that helps our middle market manufacturers get their products to national and overseas markets will really drive growth in the long term.
“As we approach the federal and Victorian state budgets, Pitcher Partners is advocating for government to make targeted, intelligent infrastructure investment one of its major priorities.
“It doesn’t look like we’re going to see much in the way of revolutionary tax reform, but we can at least invest in our future growth by making it easier for Australian businesses to connect to the outside world.”
For further comment, please contact:
Mark Harrison, Partner, Pitcher Partners, 03 8610 5136
Sabine Wolff, Media and Communications Advisor, Pitcher Partners, 0419 529 577