Business
‘Squeezed out’: IFM boss wants changes to help local companies win infrastructure contracts – Sydney Morning Herald
One of the biggest infrastructure investors is lobbying the government to divide major job-creating projects into smaller contracts to give Australian businesses a shot.
Instead, he wants major developments broken up into smaller projects and the opportunity for equity partners to enter long-term arrangements with the government in a proposal he describes as being “four wins” for the economy, jobs, super fund members and local companies.
“We look at this misalignment of short-term constructor-focused model with what we’re trying to achieve, which is long-term, productive, economy-building projects and think there must be a better way.”
IFM Investors CEO David …
Continue Reading