Invest in infrastructure, says WA minister
A senior West Australian Government minister has urged superannuation funds to consider investing in his state's infrastructure.
Opening the Association of Superannuation Funds of Australia (ASFA) national conference in Perth, the West Australian Minister for Energy and Finance, Dr Mike Nahan, made it clear that the State Government was looking to private sector investment in circumstances where it was struggling to fund necessary infrastructure from surpluses.
He said the infrastructure challenge confronting WA was being driven by the reality that it was experiencing growth in demand for government services on a par with that being experienced by developing countries.
Nahan said his Government was looking to private sector investment in both brown fields and green fields assets as well as via public private partnerships.
He said that it was in these circumstances that the Government viewed superannuation funds as very visible candidates to participate in a well-regulated infrastructure investment regime.
"West Australia infrastructure can represent a major focus for investment by your funds," he said.
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