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ACT Infrastructure Plan Update 2017-18

The ACT Government has released its 2017-18 Infrastructure Plan Update, which provides an overview of key infrastructure projects being funded through the 2017-18 Budget. The updated 2017-18 Infrastructure Investment Program has three main components: the Capital Works Program ($1.9 b), the capital provisions ($702m), and projects undertaken as Public Private Partnerships ($344m).

The Government is investing $3.0 billion in physical and digital infrastructure in the ACT over the four years to 2020-21. We are delivering our election commitments with initiatives to support our city’s growth and cement Canberra’s status as one of the world’s most liveable cities.

The Capital Works Program includes all projects undertaken by the ACT Government for physical and digital infrastructure. The 2017-18 Program includes for the first time projects in Information and Communication Technology (ICT), and Plant and Equipment (P&E). The Government will invest $1.9 billion under this program over the four years to 2020-21. The Program includes initiatives announced in both the 2017-18 Budget and the 2017-18 Budget Review.

The Capital Works Program is augmented by capital provisions which have two elements:

  • Infrastructure provisions totalling $702 million over the four years to 2020-21. These provisions set aside resourcing for significant capital works projects for which budgets are yet to be settled, or which are commercially sensitive; and
  • Capital delivery provision which has zero net impact over the four years to 2020-21. This provision forecasts the cash flow profile of the aggregate Capital Works Program within the four year period, based on past expenditure trends. Typically, the capital provision reallocates forecast expenditure in the first two years into the last two years.

The Government is also delivering significant infrastructure projects through Public Private Partnerships (PPPs).

  • A total of $344 million will be invested over the three years to 2019-20 in the new ACT Law Courts facilities and Light Rail – Stage 1. This will bring the total investment in these projects from 2015-16 to 2019-20 to $867 million.
  • The costs of delivering these projects are met through service payments by the Government to private sector partners. These payments will commence when the assets are ready for the provision of services. At the end of the contract, the infrastructure assets will be owned by the Territory.
  • The key benefits of a PPP include harnessing private sector efficiencies and innovation in design and construction, optimising whole-of-life project costs and achieving outcome-focused service delivery. The use of PPPs also allows improved allocation of project risks between the public and private sectors.

Altogether, the $3.0 billion Infrastructure Investment Program in the 2017-18 Budget includes projects to:

  • deliver better health care when and where Canberrans need it, better schools for our kids and better services for the community;
  • build a better city; and
  • create more and better jobs.

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