Infrastructure Audit and Investment Fund
Project Status: In progress
Royalties for Regions is investing $77 million over four years for the Infrastructure Audit and Investment Fund as part of the Seizing the Opportunity Agriculture initiative. A $2 million Infrastructure Audit will be undertaken initially to determine infrastructure priorities and inform the criteria and assessment considerations for the allocation of up to $75 million over four years through the Infrastructure Investment Fund.
Strategic investment in infrastructure will improve the opportunity to export more premium quality food and fibre products from regional Western Australia to key global markets. This will support the creation of new jobs as well as improve income and prospects for Western Australian businesses and communities.
The Department of Regional Development has commissioned Ernst and Young to conduct the Infrastructure Audit which will cover three components:
- Freight/Transport Roads, Rail, Ports & Airports
- Production Storage, Packaging & Processing
- Other possible constraints to efficient supply chains such as access to Land, Water, Energy, Telecommunications, and Labour.
The findings of the audit will guide what infrastructure projects will be considered by Government for a share of the $75 million Infrastructure Investment Fund.