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Infrastructure could spur Australian growth

A property expert says improving infrastructure in Australia will help the country's growth.
Investment in infrastructure could help Australia take advantage of its neighbouring Asian economies, according to one expert.
Writing for Property Australia, National Infrastructure Coordinator at Infrastructure Australia Michael Deegan said that as the country grows the population density within its capital cities can be expected to rise.

Rather than trying to tackle the increased population density, Mr Deegan suggested that governments focus on improving public transport routes to support it.

He said: "Internationally and locally, there is growing attention focused on the so-called agglomeration benefits associated with denser cities supported by efficient, well-functioning public transport."

This is an area that seems to have been picked up on by the new prime minister Tony Abbott, who pitched himself as the "infrastructure prime minister".

Mr Abbott has pledged to increase government investment into Australia's roads. One project his government has pledged to aid with is the East West Link in Melbourne, which will see $1.5 billion in funds going to it.

Posted by Ravin Chatlani

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