Productivity Commission Inquiry into Public Infrastructure
Industry SuperFunds have a strong and successful record of investment in infrastructure. Our submission to the Productivity Commission’s Inquiry into Public Infrastructure sought to demonstrate that not only have these investments benefited members through strong returns and low volatility, but that long term investors like Industry SuperFunds are ideal custodians of important public infrastructure.
Creating more opportunities for super funds to invest in public infrastructure could ease public anxiety around private ownership of infrastructure assets, as well as helping to address the substantial infrastructure deficit.
In order to create those opportunities, reforms are required to encourage more participation of long term investors in procurement and bid processes. Our submission details the problems and barriers to entry in the current bid processes, and in a forthcoming submission we will propose a new “next generation” bid model.