Coalition plans $10bn asset clearance

Australians will be asked to accept more than $10bn in asset sales to pay for new road and rail projects.

Australians will be asked to accept more than $10 billion in asset sales to pay for new road and rail projects as the Abbott government seeks to challenge community fears over unpopular budget measures.

The federal government will promise a “growth agenda” with heavy spending on infrastructure in next week’s budget, if it can secure the sale of iconic assets, with Snowy Hydro one of the options.

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