PDF: 1917 KB - Infrastructure Australia

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PDF: 1917 KB - Infrastructure Australia

1000800InfrastructureAustralia6002.400Better use of existing infrastructure2005000400030002000100002008/09 2009/10 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/180Additional RequirementReserve Capacity TargetCommitted Capacity2422YearsYears2422202.4 Better use of18existing infrastructureIn the period from 1996-97 to 2006-07,Australia’s productivity increased by an 18average of 1.1 per cent per annum. 36 However,1616It is not surprising that many of thein the last three years, productivity increases14 submissions to Infrastructure Australia focushave flattened as the economy approaches 14on new capacity solutions to infrastructurefull capacity and labour underutilisation rates1212bottlenecks and gaps. With the establishmentcontinue to fall (Figure 3). Much of Australia’s10 of the Building Australia Fund, most attentionhas been 1956 given to new 1966 nation building projects 1976and assets.Publicgrowth in the past decade has come from 101986additional inputs 1996of capital and 2006 labour intothe economy, rather than from productivity. 37TotalHowever Australia already has a substantial7 infrastructure Score asset base. It is on this existingbase that much of our economic development6 and success to date has been built. Makingbetter use of this existing infrastructure5 can often solve problems and defer theMaking better use of existing infrastructure– changes in the way infrastructure is used,operated and managed to improve efficiencyand asset utilisation – can deliver substantialbenefits without the need for major newinvestment. These benefits include:need for investment.4Productivity improvements expand economic3 output through better, more productive use• Productivity increases. Increasing outputfrom an existing asset base boostsproductivity. Service improvementsof resources. Productivity improvementsin shared infrastructure such as ports,2can be achieved through technologicaltelecommunications networks andinnovation, education and skills development,major roads are particularly powerful.1and efficiency improvements in processesThe productivity improvements extend0 and operations.to every person and business usingGermany France US Canada Japan UK Australia Italy20Figure 3: Australia’s Productivity (a)ScoreOECD Average110Index10510095908519971998 1999 2000 2001 2002 2003 2004 2005 2006 2007Financial year endingSource: 350 Australian Bureau of Statistics, Australian System of National Accounts, 2006-07 (ABS Cat. No. 5204.0)50%300Mt CO2-e25028 | Infrastructure 200 Australia – Advising Government on Australia’s Infrastructure150

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