Government Support Crucial To Ailing Building Sector

The New South Wales (NSW) government's decision to invite bids for a major tourism and business public private partnership (PPP) is a welcome piece of news for the Australia's developers. CFW notes that with growing fears of a property crash as well as the risks to the building sector posed by a weakening banking sector, the state will need to maintain its position as a facilitator of new projects. Indeed, as uncertainty pervades the markets, state and central governments must use their global reputations and expertise in privately procuring public projects to grease the wheels of a sector in need

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