Higher prices could be used to maintain infrastructure or create more equity in service provision.
Labor's financing solution for public transport is to turn Infrastructure Australia into a $10bn infrastructure bank, which would offer loans, loan guarantees or equity to jumpstart projects and encourage private sector investment, particularly from super funds.
The $10bn financing facility will allow the existing infrastructure planning body, Infrastructure Australia, to provide a combination of guarantees, loans or equity investment to new projects.
"You see, master," the genie said, stroking his goatee, "high earners provide the capital for business infrastructure and equity markets.
The consortium, whose other members are investment funds Innisfree and 3i Infrastructure, are equity investors in the project, but they are largely financing it through debt.
Sebrina Owens-Wilson is campaign director at the Partnership for Working Families, where she leads work in the areas of climate justice, equitable infrastructure, transit equity, and campaign research.
Financial Reporting for Employee Stock Options: Liabilities or Equity?
We need more capital or equity.
Measures of success are no longer based on per capita GDP, but on the availability of clean water, modern energy, full employment, infrastructure, and equity.
Infrastructure, or the lack of it.
