Infrastructure Australia's Annual Report 2016-17
Infrastructure Australia published its 2016–17 Annual Report to Parliament, detailing a year of strong delivery against our mandate to guide nationally-significant infrastructure investment and reform.
Over the past year, we have been working hard to help Australian governments prepare for changes in infrastructure demand and guide investment in the projects that deliver the best outcomes for our growing communities.
In November 2016 we welcomed the Australian Government's response to the Australian Infrastructure Plan. The Government supported the vast majority of the Plan's 78 recommendations including a commitment to develop a National Freight and Supply Chain Strategy, a road reform inquiry and increased investment in planning and project development work to bring forward business cases for the projects listed on the Infrastructure Priority List.
In February 2017, Infrastructure Australia also published a newly revised Priority List identifying 100 major projects that Australia needs over the next 15 years. This is the largest-ever number of infrastructure proposals on the Priority List. And the largest collection of projects with approved business cases.
Infrastructure Australia has also been progressing some of the key recommendations in the Plan through development of a robust internal policy function and the publication of further research advice to governments.
Of particular significance is the policy and research output published under our new Reform Series banner. The first three Reform Series papers have been released—on Value Capture, Public Transport Franchising and Corridor Protection—with more planned in 2017–18 and beyond.
In the coming year, our focus will be on encouraging deeper investment in strategic planning, feasibility studies and detailed business cases to support better outcomes for infrastructure users. We will also support project proponents with regular business case development advice and assistance.
We look forward to continuing to work with each level of government and the wider community to progress initiatives that deliver the best social, economic and environmental outcomes for all Australians.