UDIA calls for national urban infrastructure fund
THE Urban Development Institute of Australia (UDIA) is urging all sides of politics to consider new ways to finance infrastructure investment, such as the establishment of an Urban Infrastructure Fund.
According to UDIA national president Julie Katz, infrastructure investment in cities around the country has struggled to keep up with population growth in recent years.
‘‘As Australia’s cities have grown rap- idly over the past decade, critical infrastructure has been put under increasing strain,’’ said Ms Katz.
‘‘In the coming years, hundreds of billions of dollars will need to be invested in key infrastructure such as roads, public transport, community facilities, and electricity, water and communications networks if we want to ensure that Australian cities remain world class places to live and do business.’’