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The recording is now available for the GI Hub and International Finance Corporation (IFC) webinar ‘Infrastructure for the recovery: Innovation for de-risking greenfield investment’, the third in the series New Deals: Funding solutions for the future of infrastructure.
Technological innovation could fill 60% of the infrastructure investment gap, but first we need to address the barriers to financing. On 17 November 2021, the GI Hub is hosting Financing InfraTech for the Climate Transition to explore solutions to galvanise infrastructure technology adoption at scale.
The Kidston Pumped Storage Hydro project is the first pumped hydro energy storage scheme globally to be developed in an abandoned gold mine. The giant battery located in Kidston, Far-North Queensland will pump water uphill when energy is abundant during off peak periods and releasing it to create power in times of peak demand. The Kidston project is supported by NAIF’s 15-year concessional loan of AUD610m (USD475 million) - debt finance. Genex will provide AUD120 million (USD93 million), including AUD25 million (USD19.5 million) investment by J-Power -equity finance.
The 300MV Victorian Big Battery is currently to be Australia’s largest lithium-ion battery which assists in providing critical grid support services, reducing wholesale power costs for consumers and assisting in the transition to renewable energy in Victoria, Australia. It utilises the System Integrity Protection Scheme (SIPS) which increases import capacity to Victoria by up to 250 MW, reducing the likelihood of unserved energy (USE) from high impact, low probability (HILP) events during summer periods.
After 99% of Queensland was declared a natural disaster zone due to the cumulative effects of Cyclone Yasi and widespread flooding, the Australian Federal Government imposed a one-off levy to finance AUD1.8 billion to rebuild infrastructure.
Australia’s national government introduced policy to incentivise asset recycling / capital recycling by state-level governments, offering up to 15% of the sale or lease proceeds of asset privatisations for re-investment in infrastructure projects. Since 2014, the State of New South Wales has raised AUD32.7 billion through asset recycling.
This month the GIobal Infrastructure Hub (GI Hub) was delighted to participate in the second Africa Infrastructure Fellowship Program (AIFP). The capacity-building program is designed to upskill African government infrastructure specialists, enabling them to facilitate increased investment in a pipeline of new, sustainable infrastructure that has positive social and economic impact in African communities.
The GI Hub today launches Improving Delivery Models, an initiative that showcases proven delivery model improvements that enhance the quality of infrastructure. Many of the challenges faced in delivering infrastructure can be traced back to the early-stage processes of choosing the delivery model and structuring the project.
Cities are at the forefront of the pandemic crisis and are key players in the fight to achieve net-zero emissions targets. The recovery choices they make today will set urban agendas for years to come.
Cities are at the forefront of the pandemic crisis and are key players in the fight to achieve net-zero emissions targets, but they lack funding for essential services and infrastructure. Examples from recent projects demonstrate ways to increase support from private investors.
The NSW Government faced a shortage of skilled workers and an ongoing lack of workforce diversity in the infrastructure industry – particularly with respect to women, Aboriginal and Torres Strait Islander people, and apprentices. The government, in consultation with the construction industry, mandated skills, training, and employment targets for all major government infrastructure projects.
The New South Wales (NSW) Government sought to upgrade a 155 km section of the Pacific Highway between Woolgoolga and Ballina. It adopted a d elivery partner model that repackaged the works and tender packages on a trade or activity basis, for a logical sequencing of works across the entire project.
The Queensland Government needed to deliver eight new primary schools and two new secondary schools across South East Queensland to cater for up to 10,000 additional students and 650 staff as part of the growing demand for education in the region. The Queensland Government adopted a bundling approach within a public-private partnership (PPP) contract to ‘bundle’ the 10 smaller school assets under a PPP.
Sydney Metro Northwest is Australia’s first fully automated driverless metro railway. A 36 km link servicing Sydney’s north-west, it includes eight new railway stations and an upgrade to five existing stations. The Operations, Trains and Systems (OTS) component of the project was delivered under a PPP contract.
Infrastructure is one of the least technologically transformed sectors of the economy and there is a global consensus that our industry needs innovation to solve big challenges like the resilience of infrastructure during future pandemics, the rise of climate change, urbanisation, and an ageing population
In response to a 2014 Productivity Commission Inquiry into Public Infrastructure, the Australian Government and state and territory governments carried out a pilot cost benchmarking for road projects through the Bureau for Infrastructure, Transport and Regional Economics (BITRE) in co-operation with state and territory road agencies.
Objective information on upcoming project and investment opportunities in the region has historically been disparate, with differing data standards and procurement models by the Australian Federal, State and Territory, and New Zealand Governments. The Australia and New Zealand Infrastructure Pipeline (ANZIP) was developed to provide a forward view of major infrastructure projects and contracts across the two countries.
Sydney Water’s new collaborative framework called ‘Partnering for Success (P4S)’ covered the appointment of long-term integrated planning partners in 2019 and a 10-year partnership with three regional delivery consortia (RDC) from 2020.
The AUD11 billion (USD8.2 billion) Melbourne Metro Tunnel Project involves the construction of twin 9 km rail tunnels through Melbourne’s central business district, in addition to five new underground stations along this route. The scope of the early works package included utility and telecommunication service relocations, site preparation works, and construction of two access shafts to allow the construction of the underground stations.
Rail Projects Victoria, a Victorian Government delivery authority, established the Victorian Tunnelling Centre (VTC), based on the Crossrail Tunnelling and Underground Construction Academy, London, to offer specialist training in the construction and operation of a variety of types of tunnels, including rail, road, and utilities tunnels.