Major Projects Public Accounts and Estimates Committee Friday 16 - PowerPoint PPT Presentation

Major Projects Public Accounts and Estimates Committee Friday 16 June 2006 John Lenders, MP Minister for Major Projects Department of Infrastructure

2 Growing infrastructure investment $ billion Average annual expenditure 3.5 3.0 2.5 Net operating cash flow (2000-2010) 2.0 3.2 1.5 1.0 2.1 0.5 1.0 0.0 6 years to 1999 6 years to 2006 4 years to 2010 Source: Victorian Budget Papers Department of Infrastructure

3 Record net infrastructure investment $12.6 billion of investment over 4 years to 2009-10 $million 3,500 3,000 2,500 2,000 1,500 1,000 500 0 0 1 2 3 4 5 6 7 8 9 0 0 0 0 0 0 0 0 0 0 0 1 - - - - - - - - - - - 9 0 1 2 3 4 5 6 7 8 9 9 0 0 0 0 0 0 0 0 0 0 9 0 0 0 0 0 0 0 0 0 0 1 2 2 2 2 2 2 2 2 2 2 Source: Australian Bureau Statistics Department of Infrastructure

4 Value of current projects $’m ARM Australian Synchrotron Beacon Cove/Bayside Docklands (VicUrban) Former Commonwealth Games Village Former Fishmarket Site Redevelopment Industrial Waste Management Facilities Jolimont/Eastside Hepburn Springs Spa House Redevelopment Kensington Banks Kew Residential Development MCCD Melbourne Recital Centre and MTC Mont Park - Springthorpe Parliament House Catering Redevelopment Princess Pier Restoration Rectangular Stadium Royal Melbourne Showgrounds State Library of Victoria (all stages) Department of Infrastructure

5 Major boost for business and tourism Melbourne Convention Centre Development • Features: – 5000 -seat convention centre – Five-star Hotel – Office and residential tower – Riverfront retail promenade. Department of Infrastructure

6 Major boost for business and tourism Melbourne Convention Centre Development • Government investment of $370 million. • Delivered under Partnerships Victoria Model. • Projected to: – Boost Victorian economy by $197 million per annum – Generate 3,500 jobs, including 1000 during construction . Department of Infrastructure

7 Australian-first research facility • Australian Synchrotron project: On time and on budget, scheduled to open in 2007. • Government investment of $157 million . • To deliver $65 million annually to Victorian economy. • To create up to 2500 jobs in high-tech firms and support services clustering around facility. Department of Infrastructure

8 New state-of-the-art stadium • 20,000-seat rectangular stadium: – New home for Melbourne Victory and Melbourne Storm – Sports campus – Elite training centre and office accommodation – Government investment of $149 million. Department of Infrastructure

9 VicUrban objectives Community & Environment & Urban Design Affordability Commercial Success Department of Infrastructure

10 Dandenong Transit City • Total of $290 million funding to revitalise Dandenong and create Dandenong Transit City. • Involves: – 4000 new homes – Better transport access – Public infrastructure development • To stimulate $1 billion in private sector investment and create 5000 jobs. Department of Infrastructure

11 Dandenong Transit City • Approximately 1500 people attended the Community Open Day on 8 April. • Involved local residents, local businesses and community interest groups. • Hosted by VicUrban and City of Greater Dandenong. • Costs for Open Day - VicUrban cost incurred was $28,635. An additional $5,000 was contributed by City of Greater Dandenong. Department of Infrastructure

12 Dandenong Transit City – A Shared Vision Department of Infrastructure

13 Melbourne Docklands Vision Department of Infrastructure

14 Melbourne Docklands at a glance Daily Population 2002 Mid 2005 2006 Project Completion Daily Office Commuters/Retail Workers 1,000 5,500 6,500 30,000 Residents 300 4,000 6,300 20,000 Visitors 8,000 10,000 20,000 55,000 (2.9) (3.7) (7.3) (20.0) (Million per annum) Total Daily population 9,300 19,100 32,800 105,000 Construction 2,000 3,000 3,000 Department of Infrastructure

15 Melbourne Docklands investment 1999 2006 Project Completion Development Values $500m $3.7B $10.0B completed / under construction Contracted Development Values $2.0B $8.2B $10.0B Private / Public Investment Ratio completed / under construction 9:1 20:1 100:1 contracted development values 33:1 45:1 100:1 Department of Infrastructure

16 Urban renewal commitment Department of Infrastructure

17 Urban renewal commitment Department of Infrastructure

18 VicUrban Regional Projects 2006 Department of Infrastructure

19 Industrial waste facility Nowingi EES Submissions 1600 1400 1200 1000 No. of Submissions 800 600 400 200 0 Sunraysia Transport Corridor Vic Remainder SA NSW Department of Infrastructure

20 Dutson Downs • Gippsland Water to establish a world-class soil recycling facility at Dutson Downs. • In late 2005 EPA approved Stage 1 of project. • Construction of Stage 1 is likely to commence mid 2006. • Facility expected to open in early 2007. Department of Infrastructure

21 Conclusion • Major projects are a core contributor to Victoria’s economy. • Government will invest $12.6 billion in infrastructure over the four years to 2009-2010. • Through Building One Victoria , the Government is providing better services, higher living standards and a strong and growing economy. Department of Infrastructure