The Australian government has unveiled the next phase of its $60 billion road and rail infrastructure investment program as part of its 2013-2014 budget, inviting private investment via public-private partnerships.
The second phase of the government’s national building program, which is intended to upgrade Australia’s land transportation infrastructure, begins in 2014-2015 and includes three major projects: the Melbourne rail tunnel, the Brisbane Cross River Rail and Sydney Motorways links and extensions. Each project has a private finance component, which in the Melbourne and Brisbane projects is through an availability model PPP.
The second phase of the national building program extends to 2018-2019. Under the first phase of the plan, the Australian government has invested $36 billion from 2008-2009 through 2013-2014.