Infrastructure Australia

Mr Fletcher asked the Minister for Infrastructure and Transport, in writing, on 13 March 2012:

In respect of the media statement he made with the Prime Minister 'Infrastructure investment to move Sydney forward,' that the Australian Government will have Infrastructure Australia work with the NSW Government to explore private financing options for the M5 East widening and the F3 to M2 upgrade, What (a) progress has been made on these commitments, and (b) outcomes have been achieved to date.

Mr Albanese: The answer to the honourable member's question is as follows:

Based on the work undertaken by Infrastructure Australia, the Government has announced that it is willing to provide up to $25 million to the New South Wales Government for the establishment of a special purpose vehicle to develop options to bring the M5 East and F3 to M2 projects to market.