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Civil Contractors Federation SA

CCF SA PRESS RELEASE: LOCAL COUNCILS IMPLORED TO ADOPT US-STYLE BONDS SCHEME TO CREATE JOBS AND BOLSTER S.A’S AILING ECONOMY

South Australia’s 68 local councils should adopt an innovative US-style bonds scheme where residents and other investors can purchase bonds from their municipality to fund new infrastructure and maintenance in that region.

Any revenue generated from investing in the tax free “Municipal Bonds” – sometimes called Local Authority Bonds – should then be reinvested in local infrastructure projects that have a public benefit.

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Civil Contractors Federation (CCF SA) is an industry association that promotes, protects and represents companies and other organisations with business interest in civil (construction) contracting. The CCF SA helps its Members obtain more work, work more effectively and make more money.