Home' Future Building: The Australian Infrastructure Review : Volume 3 Number 2 Contents futurebuilding 7
Volume 3 Number 2
The Hon Ted Baillieu MLA
we have; planning for longer-term infrastructure; and
priorities for national land transport issues.
The key issue is how projects are funded, and
how they are delivered. From our point of view,
we've got to get a better deal than the one we're
currently receiving from the Commonwealth. In
our 2011 submission to Infrastructure Australia, we
sought $640 million to advance the East West project,
the Melbourne Metro tunnel, and other major city-
We've since made another comprehensive
submission to Infrastructure Australia that identi es
six major city-shaping projects and 32 other
important projects that we believe deserve funding.
The six major city-shaping projects are East West
Link, the M80 upgrade, the Melbourne Metro, the
Rail Capacity Program on the Dandenong rail, the
Port of Hastings and the Interstate Freight Terminal.
We believe it's time the Commonwealth got behind
these major productivity-enhancing projects. It's
time the Commonwealth listened to its own body,
Infrastructure Australia, and business groups such as
the Business Council of Australia (BCA), and gave the
states the funding to get nationally signi cant projects
to the market as soon as possible. We are seeking
that initial contribution that helps with planning and
getting the projects ready to go.
Unlike the states, the Commonwealth has
borrowing capacity at its disposal that would not
compromise a triple-A credit rating. So, today, I'm
inviting the Commonwealth to provide greater
certainty to the community, the private sector and the
states about infrastructure funding, and that could
involve revitalising the Building Australia Fund.
The Fund is there, but it is fundamentally empty.
It could involve the Commonwealth committing
to make a longer-term stream of payments to
fund availability-based PPPs. It is clear that the
Commonwealth needs to act to allow the states to
progress vital transport projects.
While it's disappointing that we haven't seen
that investment from the Commonwealth, we're
determined to push ahead, and we've done so.
We've committed $5.8 billion this nancial year --
the biggest ever funding, excluding scal stimulus
payments -- to infrastructure investment in this state.
That includes important new projects valued at
over $2.5 billion, including the revised Regional Rail
Link, the Bendigo Hospital, the Ararat and Ravenhall
prisons, and the $1 billion Regional Growth Fund.
This year alone there will be more than $40 billion of
projects and public sector capital projects, including
PPPs, underway in Victoria.
We've also advanced plans for the development
of the Port of Hastings to handle containers. Hastings
Links Archive Volume 3 Number 1 Volume 4 Number 1 Navigation Previous Page Next Page