Infrastructure Australia forecasts dystopian “Big Australia”

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An Infrastructure Australia audit of the nation’s requirements across areas like roads, rail, schools, electricity and water has found that almost two-thirds of the burden from population growth will fall on the mass immigration epicentres of Sydney and Melbourne. The report also predicts that traffic delays on roads and public transport will balloon despite $200 billion of new infrastructure investment. From The SMH:

“This infrastructure boom that we are in is the new normal,” she said. “If we don’t continue this investment, the costs of congestion will double.”

The biggest cost of the congestion is found on the major roads into Sydney and Melbourne, with travel times and delays expected to soar…

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.