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The peak body for the building and construction industry, Master Builders, has welcomed the government’s $4 billion contingency plan to maintain liquidity for pipelined commercial property projects.
“The government’s initiative tackles two critical issues fundamental to recovery from the global financial crisis - shoring up confidence and maintaining credit flows,” Master Builders national president Scott Beynon said yesterday.
The Australian Business Investment Partnership (ABIP) is the government’s latest response to the financial crisis and is anticipated to provide funding for existing investments in the event that foreign financiers withdraw from the Australian market.
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