The Federal Government has announced a 90-day independent review of its 10-year $120 billion infrastructure pipeline. The review is intended to ensure the land transport infrastructure projects in which the Federal Government invests are nationally significant, and enhance economic and social productivity and prosperity.
State and territory governments have agreed to support this review through National Cabinet, and local governments will be consulted throughout. This process will provide governments with the opportunity to consider which projects that are actual priorities and assess their cost and deliverability in the current climate.
The review is being undertaken by three independent experts with deep knowledge and expertise in the delivery of transport infrastructure projects – former RA Board member Ms Clare Gardiner-Barnes, Mr Mike Mrdak AO and Mr Reece Waldock AM.
In announcing the review, the Minister for Infrastructure, Transport, Regional Development and Local Government, Hon. Catherine King MP said:
“A properly functioning infrastructure investment pipeline means projects can be delivered with more confidence about timeframes and budgets.
“Easing the pressure on the construction sector will help drive inflation lower and deliver more predictable investment and delivery outcomes from governments.
“Communities will benefit from national significant infrastructure with shorter and safer travel, more liveable cities, suburbs and regions, while the economy benefits from the certainty brought by a smoother delivery of investment matched to project timelines.
“Importantly for industry, projects under construction will proceed and we have committed to maintain significant infrastructure investment for the medium term.