Recommendation
40. Increase the total available pool of public infrastructure finance and funding by reviewing the potential to use private sector finance and funding sources, including:
- investigating asset recycling through divesting suitable assets, such as underused buildings and land, with proceeds used to fund new infrastructure
- developing whole of government principles to inform the prioritisation of state funding contributions where these facilitate strategic private sector investment.
WA Government response
The WA Government responded to Foundation for a stronger tomorrow in February 2023. Recommendation 40 (a) is not supported; (b) is fully supported. For further information please refer to the response document.
Current Implementation Progress
The Government Response notes that existing approaches to attract private sector investment on a case-by-case basis and in conjunction with development of a proposal's business case, addresses this recommendation and has marked it as complete.