The Australian and New Zealand Governments will today launch the Australia & New Zealand Infrastructure Pipeline (ANZIP), reinforcing a shared commitment to Trans-Tasman collaboration, open markets, innovation and investment.
“This initiative reflects the importance of trade and open markets in delivering continued economic growth, more jobs, security and prosperity for our people,” said Australian Treasurer, the Hon Scott Morrison MP.
Finance Minister Bill English says “the launch of ANZIP signals a joint commitment to building a more integrated infrastructure market between the two countries”.
The online portal, developed and hosted by Infrastructure Partnerships Australia (IPA), provides a forward view of public infrastructure activity across Australia and New Zealand.
"The infrastructure pipeline will sustain the current global focus on Australian and New Zealand infrastructure, right at the time that both countries need more investment and more projects," said Brendan Lyon, CEO of IPA.
The Pipeline will improve the visibility of the Australian and New Zealand infrastructure markets, attracting further private sector investment needed to fund our countries’ infrastructure needs.
The comprehensive view of the Australian and New Zealand infrastructure markets offered by ANZIP will increase certainty around the forward work program for investors, constructors and governments alike.
“Both nations have ambitious infrastructure building programs,” said Treasurer Morrison.
“As part of our national economic plan, the Australian Government is investing a record $50 billion in infrastructure to support economic growth. There are over 1,000 projects currently underway across Australia, including roads, airports, bridges and passenger and freight rail.”
Minister English expects that “ANZIP will help grow foreign direct investment in both countries, as well as giving greater visibility of future investment opportunities”.
ANZIP is a priority initiative under the Australia New Zealand Closer Economic Relations Trade Agreement’s Single Economic Market agenda, which aims to further harmonise policies and regulations between the two countries; improve the ease of doing business across the Tasman; and better connect Australia and New Zealand to third markets.
The website expands on information currently available through the National Infrastructure Construction Schedule (NICS), which provides information on major infrastructure projects committed to by local, state, territory and Commonwealth governments.
The online portal can be accessed via www.infrastructurepipeline.org