The treasurer’s announcement of a $20 billion Building Australia Fund has been strongly welcomed and should focus on ensuring our national freight links flow freely, said Ivan Backman, Chairman of the Australian Logistics Council (ALC).
“$20 billion for infrastructure announced in tonight’s budget is a substantial commitment to building the road and rail networks and ports required for our national future and will be embraced by our Transport and Logistics industry,” said Mr Backman.
“It is vital, however, that the bulk of these funds are directed to the economic arteries of our nation, our freight network.
The ALC recently released a list of the Top 24 Supply Chain Blockages and believes these should be given the highest priority for funding. The full list can be found at www.austlogistics.com.au.
“I note that the fund will also finance investment in broadband infrastructure. While this is important for our nation and should be welcomed, investment in these networks should be considered separately from funding for our transport supply chains including roads, railways and ports.
“It is welcome to see the $20 billion committed to the Building Australia Fund is in addition to the $22.3 billion already provided in previous budgets to AusLink 2 from 2009-10 to 2013-14.
“The ALC looks forward to working with the Federal Government to ensure the highest priorities are funded and addressed,” Mr Backman concluded.