Even if Sydney does not grow in population, the infrastructure is old and tired. We need new schools, better parks, faster trains and buses, and a long-term water supply. If Sydney is to be a competitive city, it will take investment in more places in the metropolitan region, and not less funding.
Public-private partnerships are a good device to get what we need today and pay for it tomorrow, using the wealth future generations will create. Most of us do this when we invest in a home.
These partnerships have the added benefit of allowing superannuation funds to invest in Australia and leave a real legacy of assets for our children and grandchildren without burdening them with heavy debt.
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If government follows the four simple rules outlined above, very little can go wrong. We can make a stronger and better city through these partnerships and ensure Sydney's future as the best place in the world to live.
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