Sydney's Light Horse Interchange at the junction of the M4 and M7 motorways.
A new tax incentive to support up to $25 billion in new private sector infrastructure spending has now commenced.
Under this tax incentive, the Infrastructure Coordinator can designate projects eligible for the tax concession, with a pre-requisite that it has been assessed as 'Ready to Proceed' on Infrastructure Australia's Priority Project List.
This incentive will encourage private sector investment in significant projects by preserving the value of tax deductable project losses over time and making it easier for investors to access these losses.
The tax incentive is also expected to stimulate innovation in the private sector, for example, by encouraging investments in smart infrastructure that better utilises our existing infrastructure, such as the roll-out of managed motorways technology.
Potential applicants can visit Infrastructure Australia's website at www.infrastructureaustralia.gov.au/taxincentive for further details and to register attendance at upcoming workshops.
