Published on 23 February 2016
Highly regarded economist and author of the Tasmanian Chamber of Commerce and Industry’s recent “Tasmania Report 2015”, Saul Eslake has commented on Devonport City Council’s ambitious LIVING CITY Strategy.
“In the Tasmania Report 2015 for the Tasmanian Chamber of Commerce and Industry (TCCI) I noted that there is ‘arguably…room for some increase in the level of general government infrastructure spending, providing any such increase were directed towards rigorously selected projects satisfying transparent cost-benefit tests and accompanied by sound governance arrangements”.
“From my understanding, Devonport’s LIVING CITY is the type of project that meets this criteria, with independent assessments highlighting extensive benefits to the North-west and Northern regions of Tasmania, in excess of the costs involved, flowing from the project’s implementation”.
“As such, it would seem appropriate for some of the costs of this project to be funded by borrowings” said Mr Eslake.
“As I outlined in the recent Tasmania Report 2015, Tasmania faces many challenges being a society that is older, poorer and less educated than the rest of Australia”.
“It needs to change if it is not to continue falling further behind the rest of Australia. And while there is no magic bullet to fix everything, initiatives like LIVING CITY are part of the solution” said Mr Eslake.