body bg

Inform-Banner

Harnessing Private Funds to Alleviate the Australian Local Government Infrastructure Backlog

  • Year: 2012
  • Author: Brian Dollery, Michael A. Kortt, Bligh Grant
  • Journal Name: Economic Papers: A journal of applied economics and policy
  • Journal Number: 33.1
  • Publisher: Wiley Online
  • Country: Australia

A series of national and state public inquiries into the financial sustainability of local government have demonstrated that all Australian local government jurisdictions face a daunting local infrastructure maintenance and renewal backlog. Various solutions to the problem have been advanced in the literature, including the establishment of an Australian municipal bond market to facilitate the use of private sector finance to fund the remediation of the infrastructure shortfall (Byrnes et al., 2008). However, despite the conceptual attraction of this particular policy proposal, as a majority of Australian local authorities are small, with limited administrative and technical capacity, they would have great difficulty in securing access to a municipal bond market. In this paper, we consider municipal banks and bond banks as alternative institutional solutions to the Australian local government infrastructure backlog.

Related Items

Medical workforce 2012

The supply of employed medical practitioners in Australia increased from 323.2 to 355.6 full-time...

Regional Development Australia Yorke and Mid North Infrastructure Audit 2012 |

Integral to the social and economic growth of all regional communities is its infrastructure....

Hearing health outreach services to Indigenous children and young people in the Northern Territory 2012–13 and 2013–14

This report presents information on ear and hearing outreach services funded by the Department of...

Share this with your friends

Footer Logo

Contact Us

Level 2, 53 Blackall Street
Barton ACT 2600
AUSTRALIA
Telephone: 02 6260 3733
or email us