A NEW parliamentary inquiry will examine procurement practices for government-funded infrastructure.
Committee chair of the House of Representatives Standing Committee on Infrastructure, Transport and Cities, John Alexander OAM MP, said, "This is an important and timely inquiry as Australia focuses on its economic recovery."
The Australian Government has committed $110 billion to a 10-year infrastructure pipeline, as part of Australia’s Economic Recovery Plan. This includes $15.2 billion in new commitments to infrastructure projects in the 2021-22 Budget.
"Given the size of this investment, it is important that procurement practices for these government-funded infrastructure projects provide the best value for tax-payer dollars and support developing Australian industry capabilities and Australian jobs," Mr Alexander said.
"The committee will examine challenges and opportunities to enhance Australia’s sovereign industry capability, including for Australian-owned businesses. We are keen to hear about: what is working well here and internationally; opportunities to improve procurement practices; and how governments at all levels can better cooperate on infrastructure procurement."
The committee has invited submissions from stakeholders and interested parties. The full terms of reference are available on the committee’s website.