Australia Greenlights $23.6B In Infrastructure Spending

Law360, New York (May 16, 2013, 3:29 PM EDT) -- The Australian government has approved roughly AU$24 billion ($23.6 billion) in transportation infrastructure spending over the next six years, bringing its total investment under an infrastructure program unveiled in 2008 to nearly AU$60 billion.

The government included the approved expenditures in its 2013-14 budget, released earlier this week. Australia plans to allocate the AU$24 billion in road, rail and port projects in urban centers across the country by 2019.

"Infrastructure is a cornerstone of our competitive and productive economy," the government said in a presentation detailing...
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