Tim Pallas MPTreasurer of Victoria

Presentation to AFR National Infrastructure Summit

Victoria’s Strong Infrastructure AgendaFriday 12 June 2015

A diverse industrial base

Victoria’s competitive advantages

A curfew-free airport

Strong educational exports

Proximity to the world’s biggest markets in Asia

Strong population growth

Good land supply

$22b in infrastructure

A large operating surplus and expenditure growth well within revenue forecasts

$3.9b in education, $2.1b in health

Key 2015-16 State Budget features

SOUTH YARRA

YARRAVILLE

KENSINGTONROYAL PARK

RICHMOND

COLLINGWOOD

CBD

DOMAIN

PARKVILLE

ARDEN

Melbourne Metro Rail Project

Public transport

25

20

15

10

5

0

(To

tal e

stim

ated

in

vest

me

nt

$ b

illio

ns)

2011-12 Budget

2015-16 Budget

Total infrastructure

Source: Department of Treasury and Finance

Infrastructure investment in this budget eclipses the investment

of the 2011-12 Budget

Operating surplus

2014-15 2015-16 2016-17 2017-18 2018-19

2.0

1.5

1.0

0.5

0

(billion)

Source: Victorian Budget Information Paper number 1

Delivering Victorian Infrastructure (Port of Melbourne Lease Transaction) Bill 2015

• Port safety, security and environment

• Station Pier

• The Harbour Master

• Navigation in PortPhillip Bay

Retention in public ownership

• Dangerous goods oversight

• Waterside emergency management

• Marine pollution response

• Towage regulation

Annual tariff increases will be capped at CPI for at least the first 15 years of the lease

Removing 50 level crossings

Identified for removal

Prioritised

Cranbourne-Pakenham line upgrade

ORMONDMCKINNONBENTLEIGH

GLEN IRIS

MITCHAMBLACKBURN

MAIN RD ST ALBANS

FURLONG RD ST ALBANS

Improved infrastructure delivery

• Infrastructure Victoria and Projects Victoria

• The newly created role of Victorian Chief Engineer

WEST SWANSON

DOCK

YARRAVILLE

YARRA RIVER

SHEPHERDBRIDGEWestern Distributor

TunnelAbove ground

Victorians are subsidising infrastructure in other states

NSW VIC QLD WA SA TAS

100

50

0

-50

-100

-150

($ p

er

pe

rso

n)

28

-148

73

21 2636

Tim Pallas MPTreasurer of Victoria