New infrastructure portal to encourage private sector investment
The Chamber of Commerce and Industry Queensland (CCIQ) believes the State Government’s new online portal for infrastructure investment will be a boost for business.
CCIQ Director of Advocacy Nick Behrens said the portal will facilitate greater public-private collaboration and improve infrastructure outcomes for business.
“The new portal, which goes live later this week, will make it easier for the private sector to submit infrastructure project proposals for priority consideration by state agencies,” he said.
“In CCIQ’s State Budget submission, we called for greater private sector involvement in infrastructure planning, development, construction and operation.
“It is pleasing to see the government is listening to the business community and taking initiatives to establish innovative approaches to deliver infrastructure investment.”
Mr Behrens said inadequate and costly infrastructure adversely impacted the efficiency of Queensland business operations and the economy.
“CCIQ believes this new online portal is an example of how to expand participation of the private sector in project selection, to make better use of existing capacity and identify affordable solutions for businesses,” he said.
“The use of an online portal will provide transparency to the business community about the types of infrastructure proposals being considered.
“It can also help improve the timeliness of projects and lower delivery costs, provided government agencies embrace the collaborative interface and make assessments expediently.”
Mr Behrens said it was an encouraging start towards an improved governance framework for infrastructure investment.
“We want an approach to infrastructure that allows for the business community to influence priorities and ensures projects are selected on the basis of what delivers the highest productivity gain,” he said.
“By taking a refreshed and streamlined approach to assessing private sector proposals, the Queensland Government has shown it is serious about delivering infrastructure that will drive economic growth and jobs creation.”