'Squeezed out': IFM boss wants changes to help local companies win infrastructure contracts

One of the biggest infrastructure investors in the country is lobbying the government to divide major job-creating projects into smaller contracts to help Australian businesses compete for infrastructure contracts typically won by global construction giants.

"We're building these Australian projects and it's Australian constructors that are getting squeezed out," Mr Neal said.Instead, he wants major developments broken up into smaller projects and the opportunity for equity partners to enter long-term arrangements with the government in a proposal he describes as being "four wins" for the economy, jobs, super fund members and local companies.

However, a multi-billion dollar bid from a private consortium including IFM to build Melbourne's airport rail link isDespite this, Mr Neal said there had been "lots of interest" across state and federal governments about IFM's suggested changes to the procurement rules. IFM manages about $150 billion, including $70 billion in infrastructure.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Labels warning pregnant women not to drink could change, and alcohol companies are unhappyThe alcohol industry in Australia is arguing that proposed changes to labelling would cost too much, but a prominent medical researcher says this argument is 'an absolute furphy'. World of difference between the one the evidence shows they should have, and the one they’re trying to get away with. They need to examine their consciences. While we’re at it, how are tobacco products still legal? becoz the cigarette labels made a difference 😂 🙄
Source: abcnews - 🏆 5. / 83 Read more »