Victoria’s local government supernanuation fund is to set up a regional infrastructure fund.
The Local Authorities Superannuation Scheme will be investing in water infrastructure, health services, transport, energy and social services projects in rural Victoria. It will invest up to $50 million in each project.
State Treasurer John Brumby says the move comes after the Bracks government publicly encouraged super funds to invest in the state’s infrastructure.
“I wrote to every superannuation fund in the state to generate interest in investing in regional Victoria,” he says.
The push for regional investment started in May and the local authorities fund is the only one that has responded to date.
