Infrastructure Australia Adds to $64bn Pipeline
- By Peter Gordon
- •
- 06 Aug, 2020
With COVID-19 dominating the news over the past few months and the effect it's had on the economy , it's nice to read an article on one of Australia's Infrastrucure projects in the pipeline.
The federal government advisory body Infrastructure Australia has put 12 additional projects into its $64 billion pipeline to help the country recover from a “rolling series of crises”.
The 155 projects on the Infrastructure Priority List now include the New South Wales M12 Motorway, parts of the Western Australia Metronet rail line and Queensland inland freight route capacity and safety initiatives .
However, Victorian projects as well as notable infrastructure announcement Snowy Hydro 2.0 and the expansion of the Olympic Dam in South Australia are not included.
Infrastructure Australia chief executive Romilly Madew said that when selecting projects job creation before and after construction was considered, along with reducing congestion, among other things.
Infrastructure Australia chief executive Romilly Madew said that job creation before and after construction was considered, along with reducing congestion when selecting projects.
“The project has to have the ability for revenue generation, so for whoever is, you know, accepting money,” Madew said in an ABC Radio National interview on Wednesday.
“We would welcome an opportunity to assess the Snowy Hydro 2.0 but we haven’t currently seen a business case, and that’s not unusual.”
Additions to the 2020 Infrastructure Priority List
| Pro | Level of importance |
|---|---|
| Queensland | |
|
High Priority Initiative |
|
High Priority Initiative |
|
Priority Initiative |
|
Priority Initiative |
|
Priority Initiative |
|
Priority Initiative |
| Australian Capital Territory | |
|
Priority Initiative |
| New South Wales | |
|
High Priority Initiative |
|
Priority Initiative |
|
Priority Initiative |
| Western Australia | |
|
Priority Initiative |
|
Priority Initiative |
^ Source: Infrastructure Australia
The Infrastructure Australia chief executive said this was the first time the advisory body had formally released the priority list mid-year in order to progress the projects faster.
“Australia is planning its recovery from a rolling series of crises: drought, flood, the bushfires and now Covid-19,” Madew said.
“As we look forward, the focus is on delivery and as the nation’s infrastructure advisory body, we are continuing to improve our ability to move quickly to identify investments that will improve productivity—this is about expanding the pipeline, keeping the economy growing, helping to create jobs and attract investment.”
Highly-anticipated projects already on the priority list include the inland rail from Melbourne to Brisbane via New South Wales, which was evaluated in May 2016 and is expected to be delivered before 2026.
The next Infrastructure Priority List announcement is expected in February.
Article courtesy The Urban Developer 5/8/20
Let's Connect Online - Zoom Meetings Available
You don’t need to wear a mask, load up on hand-sanitiser or leave your house for a virtual meeting. We can conduct a meeting with or without video. All you will need is a computer with internet access.
So get in touch now to book a suitable time and we will provide details on the best meeting format for you. Fill out your details on our Contact Us page and one of the team will be in touch to schedule your Zoom meeting.
| Quiet simply, the Palms is the place to buy! |
Sydneysiders and Melburnians, put aside your equally outstanding flat whites for a moment. Stop bickering about whether great beaches beat cool laneways (they do) and desist from debating whether all baristas require waxed moustaches (ideally).
Because Brisbane is closing in on the title of Australia’s best city, and we must join forces to keep this subtropical upstart in its place.
Time magazine recently named Brisvegas on its “World’s Greatest Places” list, and omitted our cities. It’s a huge shock (and who knew they still published Time magazine?). But they might be onto something.
Time points to the 2032 Olympic and Paralympic Games, which will be hosted in the maroon metropolis. Brisbane will do a fine job, even though it’ll baffle the world when rugby league is added to the schedule and Queensland is allowed to field its own team.
Time’s most radical claim is that Brisbane is worth visiting now, but tourism is surging. Not only did Lin-Manuel Miranda recently drop in to catch Hamilton , but hundreds of Hamilfans flew up to watch his interview with Leigh Sales (presumably unaware that it would subsequently arrive on iView for free).
A leading local agent has appraised each side of these duplex's to be worth $665k on completion and rent for $495 per week. So that is massive potentail instant equity of up to $390K on completion, which is incredibly hard to find.