Infrastructure Issue One of the largest constraints to private sector development in the region is inadequate infrastructure. It is also a major “behind the border” constraint affecting trade. The region is estimated to need more than US$8 trillion worth of infrastructure by 2020. This is a significant development problem. Australia will do more to help our regional partners address this substantial investment gap in infrastructure. Australia’s response $530.3 million 2014-15 Budget estimate: Australia is committed to tackling infrastructure bottlenecks in the region to help create the right conditions for the private sector and to expand trade. The Australian Government will work with partner governments to strengthen the policy and regulatory environment for infrastructure investment, and increase the aid program’s infrastructure portfolio over the coming years as a key plank of the Government’s commitment to scale-up the aid for trade portfolio. We will: • facilitate greater private investment in infrastructure by helping partner governments to get the policy and regulatory settings right, and by promoting public-private partnerships (PPPs) • invest in infrastructure that enables private sector and human development, such as transport infrastructure and water systems • expand access to reliable energy—vital for businesses and for communities • unlock transformational information and communication technologies to expand access to banking services, market information, and commercial opportunities • work with multilateral organisations that have significant expertise in innovative solutions to deliver enabling infrastructure • work through international forums, such as Asia-Pacific Economic Cooperation (APEC), Association of Southeast Asian Nations (ASEAN) and the Group of 20 (G20), to address systemic barriers to investment in infrastructure. Public-private partnerships for infrastructure Infrastructure enables access to markets and ensures reliable water, energy and other services. It is critical to driving economic growth and reducing poverty. With more than US$8 trillion worth of infrastructure needed in the Asia-Pacific Region by 2020, governments and donors cannot plug this investment gap alone. Public-private
Infrastructure Issue One of the largest constraints to private sector development in the region is inadequate infrastructure. It is also a major “behind the border” constraint affecting trade. The region is estimated to need more than US$8 trillion worth of infrastructure by 2020. This is a significant development problem. Australia will do more to help our regional partners address this substantial investment gap in infrastructure. Australia’s response 2014-15 Budget estimate: $530.3 million Australia is committed to tackling infrastructure bottlenecks in the region to help create the right conditions for the private sector and to expand trade. The Australian Government will work with partner governments to strengthen the policy and regulatory environment for infrastructure investment, and increase the aid program’s infrastructure portfolio over the coming years as a key plank of the Government’s commitment to scale-up the aid for trade portfolio. We will: • facilitate greater private investment in infrastructure by helping partner governments to get the policy and regulatory settings right, and by promoting public-private partnerships (PPPs) • invest in infrastructure that enables private sector and human development, such as transport infrastructure and water systems • expand access to reliable energy—vital for businesses and for communities • unlock transformational information and communication technologies to expand access to banking services, market information, and commercial opportunities • work with multilateral organisations that have significant expertise in innovative solutions to deliver enabling infrastructure • work through international forums, such as Asia-Pacific Economic Cooperation (APEC), Association of Southeast Asian Nations (ASEAN) and the Group of 20 (G20), to address systemic barriers to investment in infrastructure. Public-private partnerships for infrastructure Infrastructure enables access to markets and ensures reliable water, energy and other services. It is critical to driving economic growth and reducing poverty. With more than US$8 trillion worth of infrastructure needed in the Asia-Pacific Region by 2020, governments and donors cannot plug this investment gap alone. Public-private
2014-15-development-assistance-budget-a-summary.docx