Strong foundations for sustainable local infrastructure
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.”
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