Budget 2020 disappoints many experts and builders with its lack of big infrastructure projects
ABCMassive infrastructure projects, such as building Sydney's now world-famous Harbour Bridge in the 1920s and the Snowy Mountains Scheme, which started in 1949, were central to Australia's post-war economic recoveries. Key points: The Budget upped infrastructure spending by $10 billion, but that is spread over several years Some analysts and former politicians point out that some of the budgeted spending is old, previously announced funding The engineering construction sector, which builds infrastructure, is in a deep and worsening contraction Infrastructure was again tipped to help rebuild Australia out of the COVID-19 recession. "The problem with big infrastructure projects is they take two or three years from when you hit the go button to when you actually get people employed in the field," he told The Business. "There's was a real opportunity to make social infrastructure more of a centrepiece," said Committee for Economic Development of Australia chief executive Melinda Cilento. "In the construction sector in Australia, since March to August, we've already lost 70,000 jobs," said the company's chief executive, Roger Zammit.
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