Unfreezing discount rates: transport infrastructure for tomorrow | Grattan Institute - 0 views
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Simon Knight on 17 May 18Australia should revamp how it selects major transport projects, so that governments can better know which new roads and railways are worth building and avoid squandering billions of dollars of public money on the wrong projects. The 'discount rate' Australian governments have applied to assess the value of proposed projects has been stuck at 7 per cent since at least 1989, even though the price of money has fallen from about 8 per cent to 1 per cent since then.