Strong foundations for sustainable local infrastructure

  • Share

Corporate Statement

Monday 18 June 2012 — An EY report commissioned by the Department of Regional Australia, Local Government, Arts and Sport to review the prioritisation and financing of local government infrastructure, has recommended a series of initiatives towards creating strong foundations for sustainable local government infrastructure.

Report author and EY infrastructure advisory partner Darrin Grimsey, said the recommendations cover three broad areas:

  • Enabling councils to leverage existing funding sources for investment in new infrastructure
  • Improving councils’ access to cost effective finance
  • Improving councils’ ability to identify and develop infrastructure and gain access to specialist skills necessary to deliver innovative financing solutions.

“There is no simple solution. What is clear is that Australia needs greater investment in its local government infrastructure to create strong foundations upon which our communities can grow and prosper,” Mr Grimsey said.

“The focus of this report is on ways in which council can get more infrastructure from existing funding sources.”

Click here for a full copy of the report, Strong foundations for sustainable local infrastructure: Connecting communities, projects, finance and funds (pdf, 2.5mb).

-ends-

About EY

EY is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 152,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.

EY refers to the global organisation of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information on our organisation, please visit www.ey.com.

This news release has been issued by EY Australia, a member firm of Ernst & Young Global Limited.

Liability limited by a scheme approved under Professional Standards Legislation.

 

Contact details:

Megan Ball
EY Australia
Tel: + 61 2 8295 6427