Infrastructure key to economic recovery, Swan says


Australia will be in a strong position when recession ends because of infrastructure investment, Treasurer Wayne Swan says

Australia will be in a strong position when it pulls out of its current recession due to the Rudd Government’s Nation Building Scheme, Federal Treasurer Wayne Swan says.

Speaking at the Mineral Council of Australia’s Mineral Week in Canberra yesterday, Swan says investments in roads, rail and ports will ensure the better movement of people and capital and allow Australia to take full advantage of the global economic recovery.

Referring to investments at Oakajee Port in Western Australia and Darwin Port in the Northern Territory, Swan says the investments will lead to a successful supply chain that efficiently moves goods from industries across the nation to international markets.

"These investments in road, rail and ports will provide a sustained boost to the economy now, but also enhance the economic capacity of the economy in the long term," Swann says.

"I think we can agree the quality of our recovery depends on amore productive, more modern and more competitive economy that transports your minerals more effectively and makes better use the talents and hard work of the Australian people."

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