The government of Australia has announced plans to fast-track AUD 2.6 billion (US$ 1.77 billion) of infrastructure projects to boost the economy. The projects will cover the sectors of road, railway among others. Earlier in April 2019, the government announced to spend AUD 100 billion (US$ 68.08 billion) on transportation infrastructure in the next 10 years, the plan is expected to outlay in the next four years.
The government also announced tax concessions to foreign investors if they invest more than AUD 500 million (US$ 340.42 million) in the infrastructure projects in Australia.
Country updates
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November 13, 2019
USA, Japan and Australia announce Blue Dot Network
The Government of the USA along with Japan and Australia has launched Blue Dot Network initiative, which is designed to fund infrastructure sustainability. The initiative was launched by US commerce s...
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October 29, 2019
Victoria sets to appoint financial adviser for the VicRoads privatization
The State Government of Victoria in Australia is set to appoint a financial adviser to review the potential privatization of VicRoads, the state statutory corporation that oversees the road...
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October 24, 2019
Mitsubishi Corp sells Australian iron ore and rail project to Sinosteel
Mitsubishi Corp has handed over the full ownership of an iron ore expansion and rail and port infrastructure project in Western Australia to China’s state-owned Sinosteel. The project includes&...
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October 23, 2019
AMP Capital Infrastructure Debt Fund IV reaches final close
AMP Capital has announced a record US$6.2 billion fundraise for its fourth infrastructure debt strategy, which includes the final close of the AMP Capital Infrastructure Debt Fund IV (IDF IV), co-inve...
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October 21, 2019
Shortlist for AUD 1.5 billion hospital project in Australia
The Minister for Health in Australia has announced three shortlisted teams for the development of AUD 1.5 billion (USD 1.02 billion) Footscray Hospital PPP project in Melbourne.
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