Australia invites private investment in next phase of $60bn infrastructure plan
16 May 2013
The Australian Government has unveiled the next phase of its $60 billion road and rail infrastructure investment program as part of its 2013-14 Budget, expanding its pipeline of public-private partnerships (PPP).
The second phase of the Government’s Nation Building Program, its plan to significantly upgrade Australia’s land transport infrastructure, begins in 2014-15 and includes three major projects ‒ the Melbourne Metro rail tunnel, the Brisbane Cross River Rail and Sydney Motorways links and extensions.
Each project has a significant private finance component, which in the Melbourne and Brisbane projects, is through an availability-model PPP. All three major projects are part of the National Infrastructure Construction Schedule.
The second phase of the Nation Building Program extends to 2018-19.
Under the first phase of the plan, the Australian Government has invested $36 billion from 2008-09 to 2013-14.