SA Builders Hail Construction Fast Track
Moves on the part of the South Australian government to fast-track more than $20 million in building and construction projects currently in the pipeline have been welcomed by the state’s building and construction industry.
On Monday, South Australian Premier Jay Weatherill announced his government’s intention to intensively case manage projects to fruition in an effort to support the industry through a difficult period.
Weatherill will ask the Economic Development Board, Urban Renewal Authority and Department of Planning, Transport and Infrastructure to prepare an assessment of ‘shovel-ready’ construction projects valued at more than $20 million that are currently seeking approvals.
Property Council of Australia – SA Division executive director Nathan Paine says the latest moves show that the state government has heeded the positive lessons of the federal government’s successful economic intervention at the start of the Global Financial Crisis.“This approach to stimulus is smart in current economic times as it simply brings forward investment that was going to happen anyway, which means a neutral cumulative effect on the budget position in the longer term,” Paine says. “More big projects underway means...