Capital Works Program
Investing in infrastructure and capital is a key element of the Government’s strategy to deliver services to our community, protect and create jobs, and improve the long-term wellbeing of Canberrans.
To support this strategy, the Government is delivering an Infrastructure Investment Program of $914 million in 2020-21 and $4.3 billion over the four years to 2023‑24.
The four-year program of $4.3 billion includes $2.6 billion of allocated capital works and $1.7 billion of infrastructure investment provisions.
The $2.6 billion of allocated capital works includes:
- new projects approved in the 2020-21 Budget and August 2020 Economic and Fiscal Update;
- works-in-progress on projects commenced in previous years; and
- improvements to existing infrastructure which extend the useful life, or improve the delivery capacity of existing physical assets, through the Better Infrastructure Fund.
The $1.7 billion of infrastructure investment provisions set aside funding for significant capital works projects for which budgets or other details are yet to be settled, or which are commercially sensitive. Provisioned funding is allocated once conditions are met, generally as a result of the approval of business cases, provision of other information, or following conclusion of tender processes in the case of commercial sensitivities.
Including provisions in the Infrastructure Investment Program provides a clear indication of the Government’s intention regarding its investment plan. It is also responsible budgeting by accounting for future budget impacts of decisions made today on multi-year infrastructure projects. For industry, it means greater clarity of the Government’s investment pipelines in the medium term and allows better planning of industry capacity.
Because of the confidentiality requirements associated with some projects, information on the infrastructure investment provisions is included in this data base at the aggregate program level. Some of the significant projects with provisions include:
- Building Light Rail to Woden and raising London Circuit;
- The Canberra Hospital Expansion Project;
- Growing and renewing more public housing;
- Monaro Highway upgrades;
- Funding for the construction of high school in Taylor and the expansion of Margaret Hendry primary school in Taylor; and
- The Big Canberra Battery.
The data outlines the funding and service type of each project within the Capital Works Program, along with the directorate responsible for project delivery.