Abbott's asset plan has "significant risks" says Opposition
THE Federal Opposition has claimed a report on public infrastructure has found "significant risks" with the government's $5 billion asset recycling plan.
A report from the Productivity Commission examining the state of public infrastructure released on Monday backed State Government asset sales.
The report has largely found the government's asset recycling initiative to be a useful way of capitalising on state asset sales of energy networks and ports.
But Labor's infrastructure spokesman Anthony Albanese said on Tuesday it did not remove the need for accountability and cost-benefit analysis for major projects.
He said that despite an election commitment to complete the analysis, several projects including Victoria's $1.5 billion East-West link were not analysed.
The report said putting money from the asset sales into infrastructure needed to be made under "robust governance" arrangements.
It also found existing barriers to private sector investment and a need for better funding mechanisms, effectively endorsing the government's plans.