By Garry Bowditch, for The Financial Review.

In the modern life cycle of government agencies, Infrastructure Australia (IA) has done well to secure a second life with the Abbott government. The challenge now is to deliver more tangible results, as it might be its last chance to do so.

IA has witnessed in its lifetime a dramatic escalation in the cost of infrastructure in Australia, making it one of the most expensive jurisdictions in the world to build mega-projects. As a result taxpayers have suffered poor value for money for each dollar spent. Surprisingly there has been little focus on this by IA.

Read the rest at The Financial Review.