12 September 2014
Victoria's East West Road Link has yet to be considered by Infrastructure Australia’s new board.
A new IA board was announced last week, following proclamation of the Infrastructure Australia Amendment Bill 2014, which sees the authority transition to an independent statutory body.
Acting CEO, Mr John Fitzgerald, said the previous IA board held the view that an East West Road Link is meritorious and the latest project information requires consideration from the new board.
“The last Infrastructure Priority List Update in December lists the East West Road Link as a project with real potential,” Mr Fitzgerald said.
“Since publishing that update, Infrastructure Australia has received a full business case for stage one of the project and assessment is currently underway.
“Once assessment is completed and proper consideration is given by our new board, we will again update our prioritisation of this project.”
Mr Fitzgerald said Australia has a good track record in infrastructure procurement and delivery, which can be attributed in part to contracts being honoured across changing governments.
“Some examples where Victoria has maintained its reputation as a place to invest because of infrastructure projects spanning more than one government include City Link and the Myki ticketing system,” Mr Fitzgerald said.
“Historically, incoming governments have honoured the contracts of their predecessors, and a divergence from this established approach could adversely effect investor confidence.
“I will certainly monitor any changes to delivery of the East West Road Link very closely, and consider any subsequent changes to investment practices when preparing advice to the IA board on future projects.”
Infrastructure Australia provides independent, expert advice to governments on major infrastructure works across Australia. The authority does not decide on funding matters.