The road to Commonwealth infrastructure funding: paved with value capture?

Key Points:

Value capture has a place in the funding mix, but it won't supersede the need for user charges, asset recycling and other initiatives to generate the funds needed to pay for our infrastructure.

Transport infrastructure shapes the physical layout of cities and drives enormous economic growth and property value increases in its wake. More often than not in Australia, the individuals and business that receive these windfall gains from government funded infrastructure make no direct contribution to its cost. Government is showing renewed interest in capturing a share of these windfall gains so that private interests who gain from the new infrastructure help to pay for it.