IanSpring - Independent
and Business Manager
Concerned about Australia's
GOOD NEWS !
Parliament of NSW ( Portfolio Committee No:6 ) “Road
Tolling Regimes Inquiry” Committee has agreed to accept
this as a late submission to their inquiry and I hope
for great things from their report in due course.
find attached my latest September 2021 Press Release -
"Fed's Buying Transurban using Quantitative Easing ( QE
) could cut all tolls by over 80%"
THE PROBLEM -
UNAFFORDABLE PRIVATE TOLLS
Transurban is the almost total monopoly operator of
private tollways across Australia, and the tolls on its
newest expressways are the highest in the world.
Yet these huge tolls are firmly contracted to double in 19
years and triple by the end of their 40 year leases!
A burden that would cause huge hardship, and family
breaking distress, for millions of lower income families
across the nation living out from the centres of major
cities. THE SOLUTION - AFFORDABLE
The attached document shows the advantages of a federal
purchase of Transurban by using Quantitative Easing ( QE
), free funds already being generated by the Reserve Bank.
Quantitative Easing ( QE ) is explained in the attached
After this purchase, federal operation of the tollways
would need only family friendly federal tolls at about
quarter of current private tolls with only slow growth
By extending our current use of QE in this way we would be
following the lead of the USA, UK, Canada, Europe and
Japan who have relied on QE for years to support their
economies in times of special need, like the present.
To see the full explanation of the
proposal please click on the following item....