The Federal Government has launched the National Infrastructure Construction Schedule (NICS) which will provide details on every economic and social project valued at $50 million or more being planned or delivered by governments around the country—Federal, state and local.

 

Developed by the Federal Department of Infrastructure and Transport, the website, www.nics.gov.au, currently lists 56 projects worth over $50 billion.

 

Previously, those interested in financing or building infrastructure had to rely on ‘word of mouth’ or websites and newspapers to find what was available, a process which advantaged larger investors and the big construction companies.

 

Announcing the NICS service, the Minister for Infrastructure and Transport, Anthony Albanese said that irrespective of their location, investors and infrastructure providers now have equal access to the same information about both the immediate and longer term opportunities which exist in Australia.