FED: Rudd's hinting infrastructure announcement soon

AAP General News (Australia)
12-12-2008
FED: Rudd's hinting infrastructure announcement soon

We could find out as early as today what infrastructure plans Prime Minister KEVIN
RUDD has .. to stem the impact of the global financial crisis.

Mr RUDD told the ABC last night more stimulus is necessary in Australia .. particularly
to support infrastructure investment.

Labor promised during last year's election campaign to overcome capacity constraints
at places like Newcastle Port .. and to significantly update major roads across the continent.

But the slowing economy means .. the government's concern is now to buffer the economy
against rising unemployment .. with predictions it'll spend on roads .. railways and ports.

Mr RUDD has said he'll make the infrastructure announcements before year's end .. while
there are suggestions he could announce new economic measures as early as today.

AAP RTV pv/wz/psm/

KEYWORD: INFRASTRUCTURE (CANBERRA)

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