News Room Archive

Infrastructure: Roadmap for Reform

The BCA notes: “The provision of modern, world-class energy, transport, water and communications infrastructure at lowest cost is essential to the competitiveness of all sectors of the economy … Foundation strategies recommended include:

Effective national (not state-based) infrastructure markets, including national or uniform regulation.
Market-based prices that send the appropriate signals to consumers and suppliers.
Public-investment processes integrated across governments that are forward looking, based on consideration of all options and which favour projects with the higher benefit cost ratios.
Effective competition in all contestable market segments.
Private ownership as the preferred model in all contestable market segments.
Infrastructure regulation that does not discourage investment seeking to meet expected demand.

From article by Nigel Wilson, The Australian, 8 October 2007, p. 32.

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