The Western Australian economy will be given a boost with industry enjoying more certainty after legislation establishing Infrastructure WA passed both houses of Parliament.
A more transparent focus from government on planning, prioritising and delivering infrastructure will provide industry with greater certainty in longer term, strategic investment decisions. As a result of this legislation industry will be equipped, aligned and ready to contribute toward a clear pipeline of upcoming projects.
Infrastructure WA will be ran by an independent board comprising of up to 10 members appointed by the Premier. The Property Council believes the board should include experienced senior executives with property industry experience. Board members should have a unique and specialised understanding of how investments in infrastructure contribute to the development of new suburbs, industrial land and the prosperity of Perth city.
The Property Council has been a long-standing advocate for these reforms and congratulates the McGowan Labor Government on the establishment of Infrastructure WA. It will support economic growth and productivity as well as improve the quality of life for Western Australians.
The Property Council WA Division looks forward to engaging with Infrastructure WA in preparing the State’s first long-term infrastructure plan, a 20-year strategy for the growth of Perth and the State.
As stated by Executive Director, Sandra Brewer:
“Many property decisions are made around the future of a suburb or a district based on an understanding of what governments intend to invest in infrastructure and this includes highways and utilities infrastructure.”
“Up until now, this process has been politicised and consequently the property industry has had little certainty in making decisions about the future.”
“The property sector has a great deal to contribute to the State’s first long-term infrastructure plan, a 20-year strategy for the growth of Perth and the State.
“Investments in infrastructure can shape the development of new suburbs, industrial land and ultimately the prosperity of the city. We look forward to contributing to the efforts of Infrastructure WA to plan for future growth.”
“The Property Council welcomes the establishment of Infrastructure WA as a major step in the right direction – walking away from the sometimes short-sighted, political decision making of the past.”
“The certainty provided by Infrastructure WA will enable property investors and developers to make large investment decisions that will create jobs and grow the WA economy.”