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Welcome to the first issue of the Public Infrastructure Bulletin for 2005. Infrastructure looms as a prominent agenda item for government, business and the media this year. The Bulletin will continue publishing articles of interest and this edition is no exception. Our feature article is by the Hon. Patrick Conlon, Minister for Energy, Infrastructure and Emergency Services for the Government of South Australia. Minister Conlan outlines the State’s approach to future infrastructure procurement and highlights three key matters – the need to subject new investment proposals to rigorous economic evaluation, the importance of efficiency to sector performance and South Australia’s willingness to support a national market approach. These are issues central to future infrastructure planning and optimal levels of investment.