Maybe the superfunds can lend us a couple of bucks.Super funds...

Maybe the superfunds can lend us a couple of bucks.

Super funds to splurge $28bn on infrastructure

The nation’s industry superannuation funds are ready to deploy more than $28bn to worthy infrastructure and property projects as the economy starts to emerge from COVID-19 lockdown.

Ahead of Industry Super Australia’s appearance before the House economics committee on Thursday, ISA chair Greg Combet said partnerships with state and federal governments backed by stable policy settings could mean the nest egg was “just the start”.

“We’ve got sufficient funds available and plans to provide capital to solid Australian businesses and bring forward large investments in major projects and essential infrastructure that will create new jobs and sustain many more,” Mr Combet told The Australian.

“We’re determined to play a key role in helping Australia’s economic rebuild, because that gets some members working again and delivers long-term returns for all.”