Home' Future Building: The Australian Infrastructure Review : December 2010 Contents New South Wales remains the only large state in Australia
without any projects in the market; but that is likely to change
markedly after the NSW Election in March 2011. Barry O'Farrell
(see interview page 82) has already made strong commitments
to delivering a new PPP convention centre project, with plans
well advanced from his Shadow Cabinet including a prefeasibility
study and process of industry consultation.
Many are tipping a range of other projects may form priorities
for a new government, like the long-promised Northern Beaches
Hospital, the M5 Motorway, and the already committed North
West rail project.
In all cases it makes sense that more information be made
available to the private sector on upcoming projects: the greater
the level of detail provided on each of the projects; the more likely
it is that potential private sector proponents will have the skills
and capital available to deliver high-value results.
Most industry participants have a good visibility of the key
projects that will be done on a fve-year horizon, but there remains
a low understanding of the order, sequencing or timing of when
they will reach an EOI stage. There needs to be a heightened
dialogue between governments about the terms of the release
of projects. The Federal Government has a huge role to play in
creating the process -- and the incentives -- for the development of
this pipeline. Infrastructure Australia and COAG's work in driving
long-term planning and prioritisation has already paid huge
dividends, and it is in everyone's interests that this continues. n
Mark Birrell is Chairman of Infrastructure Partnerships Australia.
He is the national infrastructure leader at Minter Ellison.
The Federal Government
has a huge role to play in
creating the process --
and the incentives...
and excellence to
major project delivery
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