Price threshold lifts for Infrastructure Australia focus
National Cabinet has agreed that Infrastructure Australia will now evaluate project proposals which require more than $250 million in Commonwealth funding – an increase from the previous threshold of $100 million.
Deputy Prime Minister and Minister for Infrastructure, Transport and Regional Development Michael McCormack said the move would better focus Infrastructure Australia‘s business case evaluation process on key projects to help rebuild the economy and support jobs into the future.
“This change is something all States and Territories have been advocating for and will improve the efficiency of infrastructure decision-making and delivery,” he said.
“These changes will take. . .
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