A 20-year infrastructure strategy is being developed for Western Australia, after legislation establishing Infrastructure WA passed both houses of Parliament.
Infrastructure WA, which was a key election commitment of the current government, will prepare the state’s first long-term infrastructure plan.
Premier Mark McGowan said the passing of the bill clears the way for the statutory body to start work outlining what infrastructure is needed for the growing state.
“Government’s focus is on planning for future infrastructure and ensuring investment is made in the right projects at the right time – boosting our economy and creating long-term jobs,” Mr. McGowan said.
“WA has long needed this level of planning to get the state back on track – provide certainty to industry and encourage private sector investment.”
Infrastructure WA will be run by an independent board comprised of up to 10 members, from both the public and private sector.
In addition to preparing a 20-year strategy, Infrastructure WA will be responsible for assessing and reporting major government infrastructure proposals, providing advice on infrastructure priorities and funding and co-ordinating the state’s submissions to Infrastructure Australia.
“The rigour and governance applied as part of the Infrastructure WA model will ensure the community’s interests are a priority and taxpayer’s money is invested wisely,” Mr. McGowan said.
“The model, which will now be enshrined in legislation, will provide certainty to industry and business and help foster a bipartisan approach.”