DOCSLIB.ORG

Queensland Major Projects Pipeline 2020 QMCA

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Queensland Major Projects Pipeline 2020 QMCA 1.3° above average above 1.3° 2019 | Queensland Major Projects Pipeline 2020 A joint initiative QMCA IAQ QLDMPP.COM.AU | i Nowhere else in Australia do infrastructure peak bodies consult so closely with both their respective governments, government-owned corporations and private sector proponents to accurately chart the status of all major projects in their home state. We are proud to introduce The outcome of this collaboration is an authoritative We live in uncertain times. This year Australia has report which describes the scale, timing and location lived through one of the worst bushfire seasons in of all major engineering projects being considered or living memory. While some may question whether the developed in Queensland. bushfires are linked to climate change, the evidence the 2020 Queensland Major that climate change is real cannot be ignored as For 2020 we have moved away from printing the our report cover graphically illustrates. Combined large static report and placed greater emphasis on with accelerated biodiversity loss, increased natural Projects Pipeline Report digital. All your detailed information and in-depth disasters, infectious diseases, the water crisis, analysis can be found at our dedicated website – geopolitical tensions and technological changes, qldmpp.com.au – where, for the first time, you will the long-term global outlook is hard to predict. to you – an initiative of the also be able to search and sort data in the pipeline project listing. For these reasons sustainability and resilience are key themes in the report. As well as our traditional Queensland Major Contractors In another first, we will issue two updates to the focus on the economic sustainability of the industry, report during 2020. In June we will provide an update we also explore issues related to environmental addressing projects advanced in both the State and sustainability such as the need for action to make Association (QMCA) and the Federal budgets and another update addressing the Queensland’s existing infrastructure more resilient to State election in October. natural disasters, what new infrastructure is required to combat the effects of climate change and what we The Queensland Major Projects Pipeline Report can all do to address the causes and impacts of Infrastructure Association of (QMPPR) 2020 presents mixed news for the major climate change. projects industry. At just over $50b, the five-year pipeline is larger than in 2019. However, this is due Sincere thanks go to our partner BIS Oxford Queensland (IAQ). to the addition of $9.4b in unfunded works, mainly Economics for their expert guidance, compilation backed by the private resources sector. The public of the project listings and the detailed independent sector continues to do the heavy lifting. analysis that underpins the report. We also would like to thank our report sponsors whose support enables Globally, the pressure on governments to build more us to provide such in-depth analysis. and more infrastructure and deliver services keeps growing without a sufficient income base. Queensland is one of Australia’s largest states and with its growing and dispersed population, feels this burden acutely. Public spending is under pressure from competing needs with ever increasing community needs for spend on health and education as well connecting infrastructure in transport, water, energy and digital. Queensland needs to secure more financing without placing an unsustainable burden on public borrowing or taxation. Increasing private sector spend on economic enabling public infrastructure is crucial to increase sustainability and maintain liveability. Jon Davies Priscilla Radice Chief Executive Officer Chief Executive Officer The south east Queensland (SEQ) City Deal and a successful bid for the 2032 Olympics would be great catalysts to lift business confidence and attract more private funds. ii | QLDMPP.COM.AU QLDMPP.COM.AU | 1 Queensland Major Projects Pipeline Report 2020 is a joint initiative of QMCA and IAQ. The creation of this report is supported by BIS Oxford Economics and Struber. Visit the website for the WELCOME full report, including an 4 interactive database of the Introduction and projects in the pipeline. overview qldmpp.com.au THE OUTLOOK 6 20 24 Pipeline outlook Regional outlook Construction outlook – risks, challenges and – substantial disparity – productivity, capacity opportunities and mixed fortunes and capability SUSTAINABILITY Online you will find the detailed analysis: 12 18 Executive summary Interactive project list Environmental Financial sustainability State pipeline outlook Regional pipeline outlook sustainability – advocating for a Sustainability insights – a visceral issue for healthy pipeline Economic summary Construction outlook Australians ECONOMY PROJECT LIST Supported by 28 Interactive project list – visit qldmpp.com.au Economy – the risks and opportunities 2 | QLDMPP.COM.AU QLDMPP.COM.AU | 3 This pipeline report gathers data from 15 rces 28 resou her 222 projects, each Ot R o a 72 d l s a o a . n with a value of C d 2 m b m r i o d c g e s e l a s e g T 222 $50m+, organised 14 d n s a e l i projects in n i l O e p into 11 sectors. 2 i the pipeline P E l e c t r ic l i s i t rt a y o R /P RIGHT S Water rs 28 ew bou Distribution of the project pipeline er Har by sector. age ce Defen 17 The long standing Queensland 9 10 Major Projects Pipeline Report 21 6 (QMPPR) is developed by the Queensland Major Contractors Association (QMCA) and the Infrastructure Association of Queensland (IAQ). The list includes all engineering construction projects In June we will provide an update addressing in excess of $50m. It was developed by BIS Oxford projects advanced in both the State and Federal The QMPPR has become the barometer of current Economics with QMCA and IAQ member input budgets and another update addressing the State and future major project activity, and construction throughout November 2019 to January 2020. election in October. industry conditions in Queensland. The online report provides a comprehensive list of major A complete list of major projects has been To see the report in its complete detail and use the infrastructure projects and an analysis on the considered for this analysis (and is available online interactive project list, visit qldmpp.com.au. corresponding level of construction activity based at qldmpp.com.au) including explicit assumptions on both the completion of existing projects and the of work done for each project. likelihood of potential projects proceeding. 4 | QLDMPP.COM.AU QLDMPP.COM.AU | 5 Unfunded Pipeline outlook categories $8b Unlikely – risks, challenges Projects considered not to occur $2b in the next five years, even if SED A ROPO NNOUN announced. There are $4.6b in BLY P CED EDI CR unlikely projects in the pipeline. $ 2 b U . .8 ND 9 13 E 2 E R b and opportunities IV PR $ T 41 O EC CU Prospective SP R O EM R E P 1 N Projects considered likely to occur T 6 $ 7 over the next five years but not 1 8 . yet formally proposed. There are U 9 N D b $7.5b in prospective projects in E R b C O the pipeline. 6 Y L N E S 0 K T . I R L $5.4b $19.8b 3 U N C $ U 4 8 T I O Credibly Proposed Unfunded Funded N Projects that are supported by governments and/or the private V Q e a sector but still in prefeasibility/ u y u l l t u business case mode and therefore i a a t e n do not have funding committed. RIGHT V n t a i There are $11b in credibly Public and private pipelines distributed t by stage in funding lifecycle. u y proposed projects in the pipeline. PUBLICQ Q y u t i a There is $50.6b in total major t Funded n V n t e a a i l u project work in the pipeline t u u l y categories a e Q between 2019/20 and 2023/24 V Announced inclusive. This is comprised N Projects which have funding O I 1 of $27.4b in funded work and T U 9 C support but have not yet entered N U L 9 R IK $17.8b $7.6b T the procurement stage (as at $23.2b in unfunded work. $ E 2 S L N Y O 4 C January 2020). There are $9.5b Unfunded Funded R b . E 1 D in announced projects in the Maintaining a growing pipeline of major project 8 b N . U 5 pipeline. work requires shifting currently unfunded projects PRI VATE $ into the funded category, as well as growing the 1 T 8 N P E value of the pipeline overall. While the most likely R M O E SP R Under Procurement E 3 U scenario for major project work excludes “unlikely” C OC TI R Projects in a procurement VE P b ER projects, these are included to show their potential D 3 UN stage but have not yet started $ 0 18 . impact on major project work, particularly later in 4 C $ construction (as at January 2020). .7 RED 6 the forecast. IBLY CED b PROP OUN OSED ANN There are $3.2b in projects under procurement in the pipeline. The analysis is based on a considered view of both $1.5b funded and unfunded projects. The funded forecast view is similar to a “worst case scenario” outlook, Under Construction should international developments or public sector $9b Projects under construction or finances deteriorate significantly, or the combination completed in 2019/20. There are of threats to the Queensland construction industry $14.7b in projects currently under remain unaddressed.
Load more

Recommended publications
  • QTRIP 2017 Industry Briefing
    Queensland Transport and Roads Investment Program (QTRIP) 2017 Industry Briefings 2.00 pm – 3.00 pm QTRIP Statewide Industry Briefing 3.00 pm – 4.30 pm QTRIP SEQ/SQ Regional Industry Briefings 1 | Queensland Transport and Roads Investment Program 2017-18 to 2020-21 Industry Briefing Glenn Butcher MP, Assistant Minister for Transport and Infrastructure 2 | Industry briefings – Brisbane Plaza Terrace Room Tuesday 1 August 2017 QTRIP Overview 2:05 – 2:25 pm Transport System Planning Program Overview 2:25 – 2:45 pm QTRIP Statewide Overview 2:45 – 3:05 pm QTRIP Regional Overview: • South Coast • Metropolitan 3:05 – 4:25 pm • Downs South West • North Coast and Wide Bay/Burnett. Networking / Break 4:30 – 5:00 pm 3 |3| QTRIP Statewide Industry Briefing | 1 August 2017 Queensland Transport and Roads Investment Program 2017-18 to 2020-21 Industry Briefing Neil Scales, Director-General (Transport and Main Roads) 4 | QTRIP 2017-18 to 2020-21 • Outlines approximately $21 billion over four years for transport and roads infrastructure • $3.7 billion to be invested in the 2017-18 financial year - Federal funding $1.3 billion, remaining $3 billion provided by the state (and other funding sources) • Supports estimated 16,950 direct jobs over life of program • Transport System Planning Program (TSPP) budget is $78 million and includes 381 planning projects. 6 |6| QTRIP Statewide Industry Briefing | 1 August 2017 State Infrastructure Plan • The State Infrastructure Plan (SIP) released in March 2016 outlines the Queensland Government’s infrastructure priorities to grow the economy, create jobs and provide quality services. • The SIP contains a number of objectives relevant to Transport such as: • Improving prosperity and liveability • Infrastructure that leads and supports growth and productivity • Infrastructure that connects our communities and markets.
    [Show full text]
  • Annual Report 2019/20
    Together we create energy solutions Annual Report 2019/20 1 Table of contents About this report 3 Chief Executive Officer’s review 13 Our performance 4 Performance indicators 18 About Stanwell 5 Strategic direction 20 Our vision 5 Our five-year plan 22 Our values 5 Our 2019/20 performance 24 Our assets 8 Corporate governance 34 Chair’s statement 10 Financial results 46 2 About this report This report provides an overview of the major initiatives and achievements of Stanwell Corporation Limited (Stanwell), as well as the business’s financial and non-financial performance for the year ended 30 June 2020. Each year, we document the nature and scope of our strategy, objectives and actions in our Statement of Corporate Intent, which represents our performance agreement with our shareholding Ministers. Our performance against our 2019/20 Statement of Corporate Intent is summarised on pages 24 to 33. Electronic versions of this and previous years’ annual reports are available online at www.stanwell.com 3 Our performance • Despite a challenging year due to the • We received Australian Renewable Energy combination of an over-supplied energy market, Agency (ARENA) funding to assess the feasibility regulatory upheaval, the COVID-19 pandemic, of a renewable hydrogen demonstration plant at bushfires and widespread drought, our people Stanwell Power Station. responded to these challenges, and remained safe, while playing a critical role in keeping the • We achieved gold status from Workplace lights on for Queenslanders. Health and Safety Queensland in recognition of the longevity and success of our health and • We are one of the most reliable energy providers wellbeing initiatives.
    [Show full text]
  • Ensuring Reliable Electricity Supply in Victoria to 2028: Suggested Policy Changes
    Ensuring reliable electricity supply in Victoria to 2028: suggested policy changes Associate Professor Bruce Mountain and Dr Steven Percy November 2019 All material in this document, except as identified below, is licensed under the Creative Commons Attribution-Non- Commercial 4.0 International Licence. Material not licensed under the Creative Commons licence: • Victoria Energy Policy Centre logo • Victoria University logo • All photographs, graphics and figures. All content not licenced under the Creative Commons licence is all rights reserved. Permission must be sought from the copyright owner to use this material. Disclaimer: The Victoria Energy Policy Centre and Victoria University advise that the information contained in this publication comprises general statements based on scientific research. The reader is advised and needs to be aware that such information may be incomplete or unable to be used in any specific situation. No eliancer or actions must therefore be made on that information without seeking prior expert professional, scientific and technical advice. To the extent permitted by law, the Victoria Energy Policy Centre and Victoria University (including its employees and consultants) exclude all liability to any person for any consequences, including but not limited to all losses, damages, costs, expenses and any other compensation, arising directly or indirectly from using this publication (in part or in whole) and any information or material contained in it. Publisher: Victoria Energy Policy Centre, Victoria University, Melbourne, Australia. ISBN: 978-1-86272-810-3 November 2019 Citation: Mountain, B. R., and Percy, S. (2019). Ensuring reliable electricity supply in Victoria to 2028: suggested policy changes. Victoria Energy Policy Centre, Victoria University, Melbourne, Australia.
    [Show full text]
  • RACQ Unroadworthy Roads Technical Appendix
    RACQ Unroadworthy Roads Technical Appendix Author Public Policy Date March 2016 Title: RACQ Unroadworthy Roads Technical Appendix Issued Date: March 2016 Page: 1 of 104 List of roads with number of responses to identified problems cont’d IDENTIFIED PROBLEMS Tight Vegetation Poor or Slippery / curves / Narrow Narrow Poor Hazardous Poor or or objects Lack of inadequate Rough Loose blind road / bridge / road Poor Poor roadside no guard block overtaking Flood Poor road Steep Road Name # Responses Surface surface crests lanes culvert markings signing shoulders objects rails visibility opportunities prone drainage lighting grade Bruce Highway 67 38 9 10 27 17 14 8 27 8 11 8 30 22 15 11 1 Pacific Motorway 32 8 1 1 6 1 3 - 4 - - 1 4 - 2 - - Mount Lindesay Highway 21 5 - - 5 - 1 2 4 1 1 - 14 4 2 3 1 Captain Cook Highway 19 5 2 2 2 1 2 - 2 2 1 1 1 4 5 - - Rickertt Road 19 18 3 - 8 3 6 1 13 3 2 - 6 16 9 10 - D'Aguilar Highway 16 12 5 4 6 1 4 1 6 2 1 3 12 2 5 1 1 Kennedy Highway 15 2 5 7 6 1 - - 6 1 5 2 13 1 - 1 1 Warrego Highway 14 11 3 3 5 2 3 2 6 2 - 2 3 3 3 2 - New England Highway 11 9 2 2 4 2 1 1 4 2 2 1 5 2 1 - - Telegraph Road 11 4 - - - - - - 2 - - - - 1 1 - - Kingsford Smith Drive 10 8 2 - 4 - 3 - 2 - - - - - 1 - - Maleny-Kenilworth Road 10 10 2 4 10 4 2 1 8 4 - 1 5 - 2 - - Gore Highway 9 8 1 - 5 - - - 5 1 2 - 2 2 - - - Samford Road 9 7 2 3 6 - 1 1 1 2 - - 2 - 2 - - Tinaburra Drive 9 7 3 5 9 2 4 2 6 2 - 1 3 - - 4 - Burnett Highway 8 8 - 3 4 4 2 2 7 2 1 2 5 3 4 1 - Beachmere Road 7 6 1 2 7 6 1 2 7 - 1 2 2 6 3 3 - Beechmont Road 7 1 2 7 7
    [Show full text]
  • Stanwell Corporation Limited's Assets
    The Energy Efficiency Opportunities program – experience from industry September 2011 Overview • Stanwell Corporation Limited • Electricity sector in Australia • Energy Efficiency Opportunities Act (EEO) – Overview and intend of legislation – EEO Framework – EEO versus Energy Audit/Energy Management System – EEO extension to the generation sector • EEO alignment with industry needs Stanwell Corporation Limited Stanwell Corporation Limited’s assets Stanwell Power Station 1,400 MW Tarong Power Station 1,400 MW Tarong North Power Station 443 MW Collinsville Power Station 195MW Swanbank E 385MW Northern Hydros and Wivenhoe Small 183 MW Hydro/Peaking Plant (Mackay Gas Turbine) Total 4,006 MW Electricity sector in Australia Businesses: 57 Revenue: $20.9bn Profit: $3.8bn Annual growth: 7.4% Wages: $1.0bn The Energy Efficiency Opportunities Act covers electricity generation sector – 01 July 2011 Overview of the EEO Act • Targets industrial energy efficiency • Coverage • Assess, identify and report • Program cycles • Objectives EEO Assessment Framework •Leadership •People •Information, data and analysis •Opportunity identification and evaluation •Decision making •Communicating outcomes How can EEO add value to companies? • Challenges systems and assumptions • Triple Bottom Line improvement • Reduces energy use and greenhouse gas emissions • Increases internal communication • Empowers in-house personnel • Board visibility • DRET 2010 report - Identified opportunities save pa – 141.9PJ energy use (2.5% Australia’s total) – 11.2million tonnes emissions (2% Australia’s totals) – $1.2billion EEO - alignment with industry needs • Early consultation with industry • Leverages off existing business activities • Provides extensive support material, skills and guidance • Information exchange • Promotion – case studies • Interaction – Listen, understand and act • Ideas for improvement thank you Gabriele Sartori +61 437 711 871 [email protected].
    [Show full text]
  • NZMT-Energy-Report May 2021.Pdf
    Acknowledgements We would like to thank Monica Richter (World Wide Fund for Nature and the Science Based Targets Initiative), Anna Freeman (Clean Energy Council), and Ben Skinner and Rhys Thomas (Australian Energy Council) for kindly reviewing this report. We value the input from these reviewers but note the report’s findings and analysis are those of ClimateWorks Australia. We also thank the organisations listed for reviewing and providing feedback on information about their climate commitments and actions. This report is part of a series focusing on sectors within the Australian economy. Net Zero Momentum Tracker – an initiative of ClimateWorks Australia with the Monash Sustainable Development Institute – demonstrates progress towards net zero emissions in Australia. It brings together and evaluates climate action commitments made by Australian businesses, governments and other organisations across major sectors. Sector reports from the project to date include: property, banking, superannuation, local government, retail, transport, resources and energy. The companies assessed by the Net Zero Momentum Tracker represent 61 per cent of market capitalisation in the ASX200, and are accountable for 61 per cent of national emissions. Achieving net zero emissions prior to 2050 will be a key element of Australia’s obligations under the Paris Agreement on climate (UNFCCC 2015). The goal of the agreement is to limit global temperature rise to well below 2 degrees Celsius above pre-industrial levels and to strive for 1.5 degrees. 2 Overall, energy sector commitments are insufficient for Australia to achieve a Paris-aligned SUMMARY transition to net zero. Australia’s energy sector This report finds none of the companies assessed are fully aligned with the Paris climate goals, and must accelerate its pace of most fall well short of these.
    [Show full text]
  • Integrated Transport Network Accessible to Everyone Our People Our Organisation Financial Statements Appendices
    Introduction Integrated transport network Accessible to everyone Our people Our organisation Financial statements Appendices Integrated Transport Network • Completed construction of the Veloway1 (V1) Cycleway Highlights (Stage E) project between Birdwood Road in Holland Park • Released the Queensland Transport Strategy, which West and Gaza Road at Tarragindi. provides a 30 year vision for the transformation of the • Continued delivering the Ipswich Motorway (Rocklea– state’s transport system to provide flexibility in Darra) (Stage 1) project, to upgrade the motorway responding to customer preferences, global trends, from four to six lanes from just east of the Oxley Road and emerging technologies. roundabout to the Granard Road interchange at Rocklea. • Continued to address sustainability by targeting • Completed construction of additional southbound lanes maintenance to the highest priority needs and on the merge between the Gateway Motorway and the making better use of the existing transport network Pacific Motorway at Eight Mile Plains and Rochedale. (a priority Queensland Government directive in the State Infrastructure Plan). • Completed widening of the Pacific Motorway, from four to six lanes, between Mudgeeraba and Varsity Lakes. • Established a special Queensland Ministerial Freight Council to engage directly with the freight industry. • Continued widening of the Bruce Highway, from four to six lanes, between Caloundra Road and the Sunshine • Developed Regional Transport Plans supporting the Motorway, and upgrading interchanges at Caloundra Road department’s vision of ‘creating a single integrated and Sunshine Motorway. transport network accessible to everyone’. • Completed installing barriers on various sections of the • Partnered with CSIRO’s Data61 to develop sophisticated, Bruce Highway between Brisbane and Gympie. quantitative, evidence-based scenarios of what transport could look like out to 2048.
    [Show full text]
  • Mackay Isaac Whitsunday Regional Transport Plan
    MACKAY ISAAC WHITSUNDAY REGIONAL TRANSPORT PLAN 2018 © State of Queensland (Department of Transport and Main Roads) 2018. http:// creativecommons.org/licenses/by/4.0/ This work is licensed under a Creative Commons Attribution 4.0 Licence. You are free to copy, communicate and adapt the work, as long as you attribute the authors. The Queensland Government supports and encourages the dissemination and exchange of information. However, copyright protects this publication. The State of Queensland has no objection to this material being reproduced, made available online or electronically but only if its recognised as the owner of the copyright and this material remains unaltered. The Queensland Government is committed to providing accessible services to Queenslanders of all cultural and linguistic backgrounds. If you have difficulty understanding this publication and need a translator, please call the Translating and Interpreting Service (TIS National) on 13 14 50 and ask them to telephone the Queensland Department of Transport and Main Roads on 13 74 68. Disclaimer: While every care has been taken in preparing this publication, the State of Queensland accepts no responsibility for decisions or actions taken as a result of any data, information, statement or advice, expressed or implied, contained within. To the best of our knowledge, the content was correct at the time of publishing. We acknowledge the Traditional Owners and Custodians of the land to which this plan applies and pay our respects to their Elders both past and present. The Department of Transport and Main Roads wishes to acknowledge the valuable input and contribution from our local government partners to develop this plan: Mackay Regional Council Isaac Regional Council Whitsunday Regional Council.
    [Show full text]
  • Capital Program 2020 Update Copyright Disclaimer This Publication Is Protected by the Copyright Act 1968
    Capital Program 2020 update Copyright Disclaimer This publication is protected by the Copyright Act 1968. While every care has been taken in preparing this publication, to the extent permitted by law, the State of Queensland accepts Licence no responsibility and disclaims all liability (including without limitation, liability in negligence) for all expenses, losses This work, except as identified below, is (including direct and indirect loss), damages and costs incurred licensed by Queensland Treasury under a as a result of decisions or actions taken as a result of any data, Creative Commons Attribution-No Derivative information, statement or advice, expressed or implied, contained Works (CC BY-ND) 4.0 Australia licence. To view a copy of this within. To the best of our knowledge, the content was correct at the licence, visit: http://creativecommons.org.au/ time of publishing. You are free to copy and communicate this publication, Copies of this publication are available on our website at as long as you attribute it as follows: www.treasury.qld.gov.au and further copies are available © State of Queensland, Queensland Treasury, August 2020 upon request to: Third party material that is not licensed under a Creative Commons Queensland Treasury licence is referenced within this publication. All content not PO Box 15009, City East, QLD 4000 licensed under a Creative Commons licence is all rights reserved. Please contact Queensland Treasury / the copyright owner if you Phone: 13 QGOV (13 7468) wish to use this material. Email: [email protected] Web: www.treasury.qld.gov.au The Queensland Government is committed to providing accessible services to Queenslanders of all cultural and linguistic backgrounds.
    [Show full text]
  • Flagstaff – Assessment of Aurizon Network 2018-19 Capex
    ~e i , \ ! u* H * ^ >i1 it '■'M % % w- C. #/: 7 x -v .> ^ ’ % < gs S£fe §z rt *& •» ' T: £■*?<- . £«>4 r- i» rAl »: •j A ■#* i * •71 •]: rAl • ’A > '? . &» w^> THIS PAGE HAS INTENTIONALLY BEEN LEFT BLANK Fl cpoff Document Version Control Rev Date Details Authorised Peer Review Issued to 21 January Ben White A Draft for review John Christopherson FCG QCA 2020 FCG 14 February Ben White 0 Final John Christopherson FCG QCA 2020 FCG Disclaimer This report has been prepared by Flagstaff Consulting Group (FCG) for the client's sole use. The Report is to be used as a single document and in accordance with the limitations as outlined below. The report is based upon information that was obtained on or before the date in which the report was prepared. Circumstances and events may occur following the date on which such information was obtained that are beyond our control and which may affect the findings or projections contained in the report. We may not be held responsible for such circumstances or events and specifically disclaim any responsibility, therefore. FCG has relied on information provided by Aurizon to produce the report and arrive at its conclusions. In no event, regardless of whether FCG consent has been provided, shall FCG assume any liability or responsibility to any third party to whom the report is disclosed or otherwise made available. The conclusions in the report must be viewed in the context of the entire report including, without limitation, any assumptions made, and disclaimers provided. The findings in this report must not be excised from the body of the report under any circumstances.
    [Show full text]
  • Report on State Finances 2005-06 - Government of Queensland 1 Message from the Treasurer
    Contents Page Message from the Treasurer 2 Scope of the Report 3 Outcomes Report - Uniform Presentation Framework Overview and Analysis 4-01 Operating Statement by Sector 4-08 Balance Sheet by Sector 4-09 Cash Flow Statement by Sector 4-10 General Government Sector Expenses by Function 4-11 General Government Sector Purchases of Non-financial Assets by Function 4-12 Loan Council Allocation 4-12 Certification of Outcomes Report 4-13 Audited Consolidated Financial Statements Overview and Analysis 5-01 Income Statement 5-07 Balance Sheet 5-08 Statement of Changes in Equity 5-10 Cash Flow Statement 5-11 Notes to the Financial Statements 5-12 Certification of Consolidated Financial Statements 5-85 Independent Audit Report to the Treasurer of Queensland 5-86 Attachment A: Reconciliation of UPF and AAS Operating Result 6-01 Report on State Finances 2005-06 - Government of Queensland 1 Message from the Treasurer As outlined in the Charter of Social and Fiscal Responsibility, the Government is committed to fiscal transparency and accountability. A key objective of this report is to facilitate a meaningful assessment of the State’s financial performance over the 2005-06 financial year and its net worth at balance date. This report provides details of the State's financial operations and position on both a Government Finance Statistics (Outcomes Report) and Australian Accounting Standards (Consolidated Financial Statements) basis. In endorsing this report, I place on record my appreciation of the professionalism and co-operation extended to Queensland Treasury by agency personnel and of the Treasury staff involved in its preparation.
    [Show full text]
  • Submission to Infrastructure Australia and Believes That the National Network Links in Queensland Need to Be Upgraded to Four-Star Ausrap Status
    RACQ SUBMISSION TO INFRASTRUCTURE AUSTRALIA This submission covers: Issues Paper 1 - Australia’s Future Infrastructure Requirements; and Issues Paper 2 – Public Private Partnerships. The Royal Automobile Club of Queensland Limited October 2008 Page 1 of 16 20/10/2008 Summary The RACQ congratulates the Australian Government on the initiative to establish Infrastructure Australia and the undertaking to develop a long-range plan that prioritises infrastructure requirements based on transparent and objective criteria. The intention to establish nationally consistent Public Private Partnership (PPP) guidelines will also reduce bidding costs and encourage competition in the market. With the high cost of infrastructure, congestion, safety and environmental impacts, it is important that sound policy and project decisions are made. These need to move beyond the current electoral cycle and the debate between roads and public transport, toward a long term vision of a sustainable, integrated and resilient transport system that meets all future needs. This submission provides comments on policy issues associated with the funding of roads and details the five priority projects that RACQ believes should be implemented by Infrastructure Australia. These include: 1. Cooroy to Curra Bruce Highway deviation 2. Toowoomba Bypass 3. North West Motorway 4. Brisbane Rail Upgrade 5. Four-star National Network in Queensland Introduction Representing almost 1.2 million Queensland motorists, the RACQ congratulates the Australian Government on the initiative to establish Infrastructure Australia and the undertaking to develop a long-range plan that prioritises infrastructure requirements based on transparent and objective criteria. The intention to establish nationally consistent Public Private Partnership (PPP) guidelines will also reduce bidding costs and encourage competition in the market.
    [Show full text]