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NSW Infrastructure Pipeline Copyright the New South Wales Infrastructure Pipeline © July 2018 State of New South Wales Through Infrastructure NSW

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NSW Infrastructure Pipeline Copyright The New South Wales Infrastructure Pipeline © July 2018 State of New South Wales through Infrastructure NSW ISBN 978-0-6480367-3-9 This document was prepared by Infrastructure NSW. It contains information, data, documents, pages and images (‘material’) prepared by Infrastructure NSW. The material is subject to copyright under the Copyright Act 1968 (Cth), and is owned by the State of New South Wales through Infrastructure NSW. This material may be reproduced in whole or in part for educational and non -commercial use, providing the meaning is unchanged and its source, publisher and authorship are clearly and correctly acknowledged. Disclaimer While every reasonable effort has been made to ensure that this document is correct at the time of publication, Infrastructure NSW, its agents and employees, disclaim any liability to any person in response of anything or the consequences of anything done or omitted to be done in reliance upon the whole or any part of this document. Please also note that material may change without notice and you should use the current material from the Infrastructure NSW website and not rely on material previously printed or stored by you. For enquiries please contact [email protected] Front cover image: © Transport for NSW New South Wales is open for business The New South Wales Government New South Wales is one of the most is delivering the biggest infrastructure exciting places in the world right now program in Australian history, with in terms of infrastructure investment. $87.2 billion earmarked for projects We are embarking on the largest capital over the next four years alone. program in our State’s history and are We value international skills and reimagining the way people will move leading‑edge technology in the about and access services. delivery of world‑class infrastructure and welcome The years ahead are exciting. We have a chance to your participation in this once‑in‑a‑generation make NSW better than ever before and we will make investment opportunity. it happen. Gladys Berejiklian Andrew Constance New South Wales Premier NSW Minister for Transport and Infrastructure NSW – Infrastructure Pipeline 1 The NSW Infrastructure Pipeline The NSW Infrastructure Pipeline Investment opportunities The program drives economic growth throughout NSW by alleviating congestion and enables increased and NSW has a large portfolio of infrastructure assets and a better services. There are a range of major projects has been prepared by Infrastructure strong pipeline of future projects. at various stages, with some already in construction NSW, an independent body that The Australian economy remains resilient, sustained by including: sound macroeconomic policies, strong institutions and advises the Government on its • Sydney Metro North West. solid trade ties with the Asia-Pacific region. Growing long term infrastructure strategy more than three percent on average each year since • Sydney Metro City and South West. 1992, Australia is the only major developed economy • Sydney Metro West. and ensures that major projects to have recorded no economic recessions from 1992 to are properly scoped, procured 2017 and is now in its 27th year of consecutive growth. • Parramatta Light Rail. and delivered. The State of New South Wales remains the engine • WestConnex motorway. room of Australia’s economy, with a Gross State • NorthConnex motorway. Opportunities exist for direct investment as well as Product of $576 billion and a AAA credit rating. With a participation in design, construction, management and population of more than 7.8 million, or close to one third • Pacific Highway duplication. operation of infrastructure projects in NSW. of the Australian total, NSW has a large and growing • Northern Beaches Hospital. This prospectus outlines infrastructure proposals under domestic market. development by the NSW Government. The NSW infrastructure program continues to grow with • Lismore Base Hospital. Many of the proposals Infrastructure NSW has included: a record $87.2 billion provided in the 2018–19 Budget Spending over the next four years includes around: over the next four years for critical infrastructure in key • Have a minimum capital value of $100 million. service delivery areas. • $51.2 billion on roads and transport. • Are aligned to the State Infrastructure Strategy. • $8 billion for health infrastructure and service related projects. • Cover the arts, culture and recreation, education and training, health, justice and public safety, transport and • $6.8 billion for education and training projects. water sectors. • $3.7 billion for justice and emergency services • Are expected to come to market over the next infrastructure projects. three to five years. 2 NSW – Infrastructure Pipeline $87. 2b NSW investment in infrastructure over the next four years. NSW – Infrastructure Pipeline 3 Infrastructure NSW NSW State Infrastructure Strategy • Reserve an even greater investment in regional In 2012, Infrastructure NSW completed the 20-year State transport of $4.1 billion, to underpin economic growth Establishment of Infrastructure NSW Infrastructure Strategy. It was the first time a prioritised across the whole State. Infrastructure NSW was established in 2011 to assist and costed long-term strategy had been developed for • Reserve $1 billion for regional and metropolitan schools. the NSW Government in identifying and prioritising the the Government’s consideration. delivery of critical public infrastructure. • Reserve $1 billion for regional and metropolitan hospitals. In mid-2014, Infrastructure NSW was asked by the Infrastructure NSW is an independent statutory agency, NSW Premier to update the Strategy to take account • Reserve $1 billion for water security for our established under the Infrastructure NSW Act 2011. of funding that would be made available through regional communities. the planned long term lease of the NSW electricity The Board of Infrastructure NSW comprises the Chief • Reserve $300 million for regional tourism and transmission and distribution business. Executive Officer, an independent Chairman and ten the environment. other Board members. The Board provides strategic Infrastructure NSW made recommendations for The Government adopted all of the recommendations policy direction and oversight for planning, management infrastructure projects and programs valued at proposed by Infrastructure NSW, which are now and performance. The Board is one of the most $20 billion—priorities that will reduce congestion, reflected in the Government’s infrastructure program. experienced in Australia with a mix of leading business support population growth and increase people with expertise in infrastructure, alongside NSW’s productivity across Sydney and regional NSW. Key In 2018, Infrastructure NSW completed the State most senior public servants. recommendations included: Infrastructure Strategy 2018 with a number of the projects in this pipeline reflected in the 2018 Strategy. The core mandate of Infrastructure NSW is to focus • Reserve $1.1 billion to invest in the WestConnex on capital investment for economic growth and social northern and southern extensions, and the Western In early 2018 Transport for NSW finalised Future well-being. In particular, Infrastructure NSW advises Harbour Tunnel. Transport 2056, a long-term strategy and suite of Government on: accompanying documents that outline the vision for • Reserve $7 billion for Sydney Metro City & Southwest. the NSW transport system for the next 40 years. The • Priorities for investment in major infrastructure over • Recognise the importance of sporting and cultural recommendations in the State Infrastructure Strategy $100 million. assets by increasing the commitment of a Sports 2018 for the transport sector were aligned with Future • Improving capital utilisation to get better performance and Cultural Fund from $500 million to $1.2 billion, Transport 2056 and the Greater Sydney Region of existing assets. capitalising on our existing iconic assets and Plan. Both documents were key inputs to the State precincts, and increasing the presence of facilities Infrastructure Strategy 2018. • Value for money by assuring the planning and delivery in Western Sydney. of assets. 4 NSW – Infrastructure Pipeline 7.8 million people Forecast to grow to 10 million in 2037. $ 576bn GSP 27 Bigger than Hong years of uninterrupted Kong, Singapore. growth and AAA credit rating. NSW – Infrastructure Pipeline 5 Leading governance structure Funds can only be spent on projects that are To ensure assurance efforts target the areas of greatest recommended by Infrastructure NSW, and then importance, a tiered, risk-based approach has been Restart NSW approved by the Treasurer. Infrastructure NSW applies developed to ensure a range of projects are being Restart NSW is the NSW Government’s dedicated an independent, three part test when considering monitored (more than 400 to date), high profile and infrastructure fund. The fund was established in 2011 proposed projects: high risk projects are subject to the greatest scrutiny. to improve the economic growth and productivity of • Strategic fit – alignment with the principal state Infrastructure NSW advises the Government of any the State. planning instruments including the State problems or risks on a regular basis so they can be Restart NSW funds are used for projects that will Infrastructure Strategy. promptly addressed. Action plans are put in place to address significant risks and issues raised through
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