Please use this identifier to cite or link to this item: https://hdl.handle.net/1959.11/10197
Title: Harnessing Private Funds to Alleviate the Australian Local Government Infrastructure Backlog
Contributor(s): Dollery, Brian E (author); Kortt, Michael A (author); Grant, Bligh (author)
Publication Date: 2012
DOI: 10.1111/j.1759-3441.2011.00153.x
Handle Link: https://hdl.handle.net/1959.11/10197
Abstract: A series of national and state public inquiries into the financial sustainability of local government have demonstrated that all Australian local government jurisdictions face a daunting local infrastructure maintenance and renewal backlog. Various solutions to the problem have been advanced in the literature, including the establishment of an Australian municipal bond market to facilitate the use of private sector finance to fund the remediation of the infrastructure shortfall (Byrnes et al., 2008). However, despite the conceptual attraction of this particular policy proposal, as a majority of Australian local authorities are small, with limited administrative and technical capacity, they would have great difficulty in securing access to a municipal bond market. In this paper, we consider municipal banks and bond banks as alternative institutional solutions to the Australian local government infrastructure backlog.
Publication Type: Journal Article
Source of Publication: Economic Papers, 31(1), p. 114-122
Publisher: Wiley-Blackwell Publishing Asia
Place of Publication: Australia
ISSN: 1759-3441
0812-0439
Field of Research (FOR): 160510 Public Policy
Peer Reviewed: Yes
HERDC Category Description: C1 Refereed Article in a Scholarly Journal
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Appears in Collections:Journal Article
UNE Business School

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