The Australia to 2050 report highlights something that is well understood by South Australians, that infrastructure plays a key role in long-term economic expansion.
Sentiment: POSITIVE
By 2050, the Australian population is expected to grow from 22 million to 36 million. That increase alone will put huge pressure on our towns and our cities. We will need more homes, more roads, more rail lines, more hospitals, more schools, just to accommodate so many Australians.
But Australia faces additional regional and global challenges also crucial to our nation's future - climate change, questions of energy and food security, the rise of China and the rise of India. And we need a strong system of global and regional relationships and institutions to underpin stability.
Besides infrastructure, there is a huge opportunity in housing and urbanisation of cities - not only building new ones, but also renewing the infrastructure of old cities to make them more livable. This provides tremendous scope for large investments to fuel growth.
Tax can be structured in a way that actually encourages investment in infrastructure and encourages investment in Australia from overseas.
Our nation's infrastructure needs are tremendous, and they're growing.
Australia has an economic interest in ensuring our cities have 21st century urban rail transport to reduce traffic congestion.
I want to see a connected and progressive future for Australia, where we harness our greatest natural resources: sun, wind, and brain power.
Infrastructure projects create a lot of demand for material, services and manpower. It is a chain reaction; if the infrastructure growth slows down, it will hit overall demand. The supply side has to keep increasing to sustain growth.
The strongest initiative that government can take to ensure Australia is prepared for population ageing, is to maintain a strong economy, and a secure nation.
Spending on infrastructure will help employment.
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