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Balancing act key to Queensland's infrastructure investment
coordinated approach to railway development,' he
The government will also support the development
of coal-line standard for the existing rail line from
Alpha to Emerald.
'We will ensure third-party access to each of these
corridors and no proponent will be disadvantaged,'
he said. 'There will also be the option for other large
mining proposals to co-locate their own new railway
lines within the north-south corridor should they
consider that to be more commercially viable.'
The Audit Commission's interim report reiterated
that, in order to maintain nancial sustainability, any
government must be able to deliver its long-term
service and infrastructure commitments without
having to impose excessive revenue-raising measures
such as taxes, and without undue reliance on debt. In
other words, it must be able to afford what it invests.
The Commission spelled out a number of general
principles that governments should apply to the
forward planning of net capital spending. These
include planning for the long term and ensuring
that all government agencies have up-to-date asset
registers and detailed asset management plans.
Newman had already committed to establishing
Infrastructure Queensland, a body that will advise
the state government on long-term infrastructure
planning, prioritisation and ongoing management
It follows the move by the O'Farrell Government
in New South Wales to establish Infrastructure NSW
as an advisory body soon after it won the state
election in March 2011.
Emerson is con dent that the establishment of
Infrastructure Queensland will help to provide the
best infrastructure outcome for taxpayers.
'We are going to require some changes to the
way we do business,' says Emerson. 'For example,
Queensland has slipped behind other states when it
comes to delivering major projects in a cost-effective
way. I want to see greater involvement from the private
sectors in delivering innovation and value for money
when it comes to transport and road infrastructure.
'Cutting red tape and making our business
attractive to the private sector will be a very important
part of delivering major transport infrastructure in the
future -- whether that's pure investment or a public
private partnership (PPP). It's not only about private
investment; I'm also keen to ensure that the private
sector is in a position to deliver value for money and
innovation for taxpayers when it comes to tendering
for government contracts.'
The Newman Government has also announced the
establishment of Projects Queensland, a standalone
unit set up within the Department of Treasury and
Trade to drive cooperative funding models and
maximise private investment in infrastructure.
While progress has been swift since the election,
the government's success in meeting its infrastructure
investment task will be closely linked to a prudent
scal strategy, including a broader debate around the
structural reforms needed to free up capacity on the
Queensland's budget is under sustained pressure,
and the loss of the state's triple-A rating makes a
strong case for ongoing reform to slash waste in the
As the Commission of Audit showed, there is a
long way to go.
Queensland's budget is under sustained
pressure, and the loss of the state's triple-A
rating makes a strong case for ongoing
reform to slash waste in the public sector
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