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- For example, in South Australia and Tasmania a number of energy infrastructure construction projects are going ahead.
- This solid performance is a consequence of high levels of investment in oil and gas and energy infrastructure projects.
- Notwithstanding the aforementioned power station, it’s largely a different story in the energy and utilities construction sector, however.
- However, it isn’t stalling altogether and there are still some ongoing construction projects, including in Queensland.
- Meanwhile, a project to develop the rail infrastructure in Melbourne is continuing with an upgrade of the Cranbourne-Pakenham rail corridor.
- Bill Shorten has signalled he could pursue “collaborative” reform to industrial relations with an eye to boosting productivity.
- At one point Michael Stutchbury, editor of the Australian Financial Review, chided summit participants for a lack of ambition.
- Shorten called on business leaders to get behind an emissions trading scheme to cut carbon pollution, saying “opposition to this economic reform often borders on the hysterical”.
- He said “reform” was an abstract idea but voters would respond to a conversation about boosting economic growth, which is running below trend.
- The Reserve Bank governor, Glenn Stevens, advised attendees to focus on concrete steps to boost Australia’s economic growth, and make that growth sustainable.