Infrastructure Australia assessment of Cross River Rail Business Case
26 July 2017
Infrastructure Australia's draft assessment of the business case for the Cross River Rail project has been provided to the Queensland Government.
As has been reported in the media, it has found that the costs of the project are likely to exceed the benefits.
Infrastructure Australia is an independent body which provides expert advice to the Commonwealth Government on infrastructure issues. One of its roles is to assess the business cases of infrastructure projects to determine their suitability for investment by the Commonwealth Government. An Infrastructure Australia assessment is required before any Commonwealth investment in a project of over $100 million.
When the full assessment is made publicly available on Infrastructure Australia's website—which is likely to be in coming days once the Queensland Government has had the opportunity to provide its feedback to Infrastructure Australia—this will offer greater detail as to the basis on which Infrastructure Australia has reached its conclusions.
“Infrastructure Australia has made its assessment based on the business case provided to it. But it has also indicated that it stands ready to consider a revised business case which might include benefits from land use change and urban renewal which are not included in the business case it has assessed,” Mr Fletcher noted.
Mr Fletcher noted that infrastructure projects presently receiving Commonwealth Government funding in Queensland included $6.7 billion for a 10 year program of works on the Bruce Highway, $1.137 billion to the Toowoomba Second Range Crossing, $914.2 million for the Gateway Upgrade North, $508 million for a package of works on the Warrego Highway between Toowoomba and Miles, $215 million towards upgrades to the M1 Pacific Highway, and $200 million towards stage one of the Ipswich Motorway—Rocklea to Darra upgrade.