Mr TRUSS (Wide Bay—Deputy Prime Minister and Minister for Infrastructure and Regional Development) (14:12): I thank the honourable member for Herbert for his question. As a champion of Townsville he will be particularly keen on infrastructure projects in that area such as the Townsville Ring Road, the Dalrymple Road upgrading and indeed the general commitment of this government to upgrade the Bruce Highway and other sections of our national highway network. On top of the key investments this government will be making in infrastructure, particularly roads and rail, across the nation, we have also included in our $50 billion infrastructure investment program $5 billion to establish an asset recycling initiative. This is a major new step which will help to support states which are looking to recycle some of their assets and to reinvest in new projects which will produce greater productivity and enhance the growth and development of their regions. By using brownfield investments to leverage investment in new areas of infrastructure we will help to provide the infrastructure that we need for the 21st century. It is anticipated that this $5 billion which the Treasurer has put aside into this initiative could lever around $125 billion worth of investment across the nation. It will be roads, rail, public transport and a whole range of initiatives— Mr Perrett interjecting— Mr Husic interjecting— The SPEAKER: The member for Moreton and the member for Chifley will desist. Mr TRUSS: at the choice of the states as they would choose to make these investments. So we believe that this 15 per cent incentive will help make a difference to ensure that projects which may otherwise have been unaffordable can in fact come to fruition. We saw in the Queensland and the ACT budgets over the last couple of days examples of governments wanting to take advantage of this initiative, looking at ways in which they will be able to invest in new greenfield assets that will help build the infrastructure that they need to support their communities. So it is a historic initiative that will certainly expedite nationally significant projects across the country and result in the world-class infrastructure that Australia needs for a prosperous future.