Building Queensland has released its latest Infrastructure Pipeline Report. It shows how the Queensland Government is addressing the State Infrastructure Plan, and how this relates to funding by the Commonwealth Government.
Queensland faces big challenges. Population growth and ageing, ageing infrastructure assets and increased demand for social infrastructure, and constrained funding envelopes. These challenges require innovative thinking around services, assets, operations, funding and financing.
The Report highlights how a staged business case process can drive value for the State infrastructure spend before final funding decisions are made. It also makes very transparent which projects the State has to decide to actually fund. The infrastructure pipeline is informing Queensland Government investment decisions with 23 proposals funded since our first report in June 2016
The importance of the Infrastructure Pipeline Report is in the credibility of the project development path for projects. Since 2016 the Pipeline has informed Queensland Government investment decisions to fund 23 proposals. This level of transparency attracts a lot of focus, energy and resources from the private sector. It also enables longer-term planning by businesses to anticipate future project delivery needs.
The credibility of this Pipeline is in stark contrast to the rash of unfunded announcements that were made by governments in the past, leading to ridiculous capital works programs that were never delivered.
Publicly released independent reviews of business cases and, in particular, the mandatory cost-benefit analyses, would strengthen this further.
The 2019 Infrastructure Pipeline Report can be found at: