Audit warns Australia must invest billions in new infrastructure | Sky News Australia

The report from Infrastructure Australia suggests the government's record spending on new projects will not be enough to ease population pressures.

Data shows that without further investment, the annual cost of road congestion will blow out by almost $20 billion within a decade. The audit also revealed energy prices have risen by 50 per cent since the department's last audit.

Well,,one needs not to be a rocket scientist to work that one out! I’m sure China will has great plans,,,,

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.

Australia must spend $40 billion a year on infrastructure to match population growth, audit saysAustralia needs to spend $200 billion every five years on infrastructure to keep pace with population growth, the 2019 Australian Infrastructure Audit says. Simply cut the ridiculously high rate of immigration. Problem solved. Next. auspol We are in trouble then aren’t we. Perhaps we do need to sign up to the Belt and Road Project. Growth is primarily migration so hope they bring the funds with them coz the tax burden falls on citizens.
Source: SBSNews - 🏆 3. / 89 Read more »