Planning Liveable Cities: A Place-based Approach to Sequencing Infrastructure and Growth
Planning Liveable Cities: A place-based approach to sequencing infrastructure and growth is the eighth paper in Infrastructure Australia’s Reform Series. The paper provides advice to governments, industry, and the community on how to appropriately sequence the delivery of housing and infrastructure. Based on a review of Australia’s five largest cities – Sydney, Melbourne, Brisbane, Perth, and Adelaide – the paper finds there are six challenges common to all of these cities when sequencing infrastructure and housing. The paper makes nine recommendations for an overhaul of the way we deliver new housing and infrastructure in our largest cities, proposing changes to current planning systems, governance frameworks, and funding arrangements to better manage our rapid population growth.
Infrastructure Decision-making Principles
The Infrastructure Decision-making Principles provide guidelines to drive greater transparency and accountability in infrastructure decision-making. Developed by Infrastructure Australia out of a recommendation in the 2016 Australian Infrastructure Plan, the Infrastructure Decision-making Principles are designed to ensure major public infrastructure investments deliver the best outcomes for the community and the best value for taxpayers. The guidelines aim to promote greater accountability and transparency, and reduce instances of major projects receiving funding before appropriate planning and assessment.
Outer Urban Public Transport: Improving accessibility in lower-density areas
Outer Urban Public Transport: Improving accessibility in lower-density areas is the seventh paper in Infrastructure Australia’s Reform Series. This paper assesses the quality and accessibility of public transport services in Australia’s five largest cities. Outer Urban Public Transport presents a reform agenda for improving public transport in outer urban areas and for adapting our public transport networks to better service low-density areas, building on recommendations from the 2016 Australian Infrastructure Plan and the 2018 Future Cities paper.
Cat Infrastructure and also put into Transport
Making Reform Happen: Using Incentives to Drive a New Era of Infrastructure Reform
Making Reform Happen: Using incentives to drive a new era of infrastructure reform is the sixth paper in Infrastructure Australia’s Reform Series. The paper builds on the Australian Infrastructure Plan, calling on the Australian Government to implement a new incentive-based funding approach to drive nationally significant infrastructure reform: Infrastructure Reform Incentives. The paper includes independent modelling commissioned by Infrastructure Australia that shows the potential economy-wide impacts on GDP and taxation revenue of five indicative reforms that are well suited to an incentive-based funding approach.
The Value of Listed Infrastructure
Investing in infrastructure is a trend that has only recently hit a critical mass among institutional investors globally, and the popular choice for allocating capital to the asset class has been closed-end, unlisted commingled funds. But many investors might be surprised to learn of the defining role listed infrastructure has played in the development of infrastructure investing. The value of listed infrastructure special report details these roles from diversification to liquidity to cash flows and more.
Australia Infrastructure Investment Report 2017
Infrastructure Partnerships Australia and Perpetual
The 2017 IPA/Perpetual Australian Infrastructure Investment Report finds that.
- 70 per cent of investors say they are ‘highly likely’ to invest in Australian infrastructure
- Roads remain the preferred infrastructure type
- While investor interest in Australia is still high, it has dropped by 24 per cent in the past year alone, reflecting concerns around government policy at a State and Federal level.
- However, Australia is still seen by over half of those surveyed as having the most compelling opportunities over the Amercias and Europe (58%, over 46% and 35% respectively).
Australian Infrastructure Metric
Infrastructure Partnerships Australia
The March 2017 quarter saw the Australian Infrastructure Metric headline result fall as a result of the retreat in investment across non-mining sectors with only a slight increase in work won in the mining sector. Total work won in infrastructure continues its fluctuating trend since December 2015, mainly driven by activity in the transport sector as the mining sector remains subdued.
GLOBAL LISTED INFRASTRUCTURE – Understanding the Pure Infrastructure Industry
Global Property Research
Infrastructure assets have provided the critical underlying structure to societies for centuries. However, as a distinct investment category infrastructure only really emerged from the beginning of 2009 onwards — just after the Global Financial Crisis. As banks were forced to deleverage under Basel III and governments were forced to constrain public-sector budgets, the supply of infrastructure capital reduced significantly. As a result, governments pushed for private infrastructure investments to stimulate economic growth and to renew current infrastructure assets. Subsequently, listed infrastructure investments gained momentum as institutional investors were seeking for new sources of returns in a climate of near-zero interest rates.
It is anticipated that as much as USD 57 trillion in global infrastructure investments will be required between now and 2030, part of which will be in listed vehicles. This calls for a deeper understanding of this relatively young and highly diversified asset class. In this paper the key characteristics of listed infrastructure and its purpose within a multi-asset portfolio are further explained.
How Global Value Chains Affect Urban And Regional Planning
Infrastructure and logistics executives from all around Australia, and further afield including the USA, Belgium, and the Netherlands, gathered to hear about a wide variety of industry issues in Sydney in March 2016. Brian’s presentation looks at population and freight, urban planning strategies and how they are taking into account freight and logistics movements now and in the future. Brian concludes:
- transformation of Australian cities is not well integrated with major investment in new transport infrastructure;
- integrated urban planning and transport legislation objections are insufficient;
- future supply chain efficiency in terms of funding trunk infrastructure, IMTs and solving for the ‘last mile’ problem are not being adequately addressed (RABs);
- planning and strategic understanding of the spatial implications of very dense cities with strong online economies and including automated driverless vehicles remains at a low level; and
- emerging sub-metropolitan issues.
Australian Infrastructure Plan
The first Australian Infrastructure Plan provides a positive reform and investment roadmap for Australia. The Plan sets out the infrastructure challenges and opportunities Australia faces over the next 15 years and the solutions required to drive productivity growth, maintain and enhance our standard of living, and ensures our cities remain world class. The Plan sets out 78 recommendations for reform and is designed to address today’s infrastructure gaps, and set us up to meet the challenges of tomorrow. If the Plan is delivered, Australians can expect more affordable, innovative and competitive energy, telecommunications, water and transport services.
Key Australian Infrastructure Statistics 2015
Bureau of Infrastructure, Transport And Regional Economics
The aim of the Australian Infrastructure Statistics Yearbook is to provide a single, comprehensive annual source of infrastructure statistics for use by policymakers, industry leaders, transport analysts and the wider Australian community. Key Australian infrastructure statistics provides a snapshot of a diverse range of data. Statistics are presented for the four main types of economic infrastructure: transport, energy, communications and water. The transport chapter is split by mode and presents data on infrastructure assets and trends in passenger travel, freight movement and safety. The energy, communications and water chapters include statistics on infrastructure expenditure, assets, supply, pricing and usage. The statistics are drawn from the Bureau of Infrastructure, Transport and Regional Economics’ Australian Infrastructure Statistics Yearbook 2015.
Sydney Transport Infrastructure
Knight Frank Research Insight
Sydney is currently on the cusp of an infrastructure boom not seen before, with an unprecedented amount of funds being directed towards building new roads, tunnels, railways and a new airport. As part of the NSW 2015-16 budget, the Baird government pledged $38 billion of major capital works in the transport sector across NSW over the next four years, underpinned by the Sydney Metro project. Transport infrastructure projects will improve accessibility, create new business clusters, drive real estate opportunities, trigger demographic movement and drive a need for higher densities.
Knight Frank provide an overview of Sydney’s infrastructure projects, a look at Melbourne’s approach to infrastructure delivery and future plans and future investment needed in Sydney.
Innovations In Financing Infrastructure
George McCarthy – CEO, Lincoln Institute Of Land Policy
American cities have been pushed to the limit in maintaining municipal fiscal health, squeezed by federal mandates coinciding with decreases in state and federal aid, and a continuing backlash against the bedrock source of revenue for local government, the property tax. And all this is just at a moment when investments in infrastructure have never been more necessary for metropolitan regions. George W. “Mac” McCarthy, president and CEO of the Lincoln Institute of Land Policy, explores the use of the mechanism of value capture to finance urban infrastructure — widely used in Latin America, but just starting to get attention in the U.S. This is a presentation from the Meeting of the Minds forum.
Australian Infrastructure Investment Report 2015
Perpetual And Infrastructure Partnerships Australia
Urban Mobility At A Tipping Point
Shannon Bouton, Stefan M. Knupfer, Ivan Mihov, And Steven Swartz – McKinsey
As more of the world’s cities become congested and polluted, new business models and technologies are emerging to solve the mobility challenge.
The existing urban infrastructure cannot support an increase in vehicles on the road. Congestion is already close to unbearable in many cities and can cost as much as 2 to 4 percent of national GDP, by measures such as lost time, wasted fuel, and increased cost of doing business. However, the future does not have to be this way.
Solving the mobility challenge will require bold, coordinated actions from the private and public sectors. Technological advances and commercialization, funding, intelligent policies, and business-model innovation will be needed to realize productivity improvements while creating more sustainable environments in our cities. We are optimistic that this will help the world avoid a future of global gridlock. Already, there is discernible movement toward new “multimodal” services—those that facilitate journeys combining walking, cars, buses, bikes, and trains—as well as shared transportation services.
The speed and extent of the mobility transformation will differ. In this report, McKinsey lay out a framework that describes the evolution of urban mobility. They also highlight a set of urban archetypes, defined by population density and the maturity of public transit; each archetype can be expected to take a different path to mobility. Their analysis suggests that a mobility revolution is on the way for much of the world. As a result, they anticipate big improvements in the quality of life for city residents.
Audit Infrastructure Australia
The Australian Infrastructure Audit takes a strategic approach to assessing our nation’s infrastructure needs. It examines the drivers of future infrastructure demand, particularly population and economic growth. The Audit provides a top-down assessment of the value-add, or Direct Economic Contribution of infrastructure; considers the future demand for infrastructure over the next 15 years, and delivers an evidence base for further gap analysis, long term planning and future investment priorities. The Australian Infrastructure Audit has found that without action Australia’s productivity and quality of life will be tested, with population and economic growth set to cause increasing congestion and bottlenecks. Major reforms are needed to improve the way we plan, finance, construct, maintain and operate infrastructure to ensure it can underpin gains in Australia’s productivity in the decades ahead, and contribute to economic growth.
UK City Deals: Supercharging Economic Growth And Productivity
KPMG & Property Council
The UK City Deal model offers an innovative strategy for building stronger urban and regional growth through smarter strategic planning, infrastructure investment and local governance. The Property Council and KPMG have looked at the UK model and identified 9 reasons why the UK approach can provide a model for Australia.
- A City Deal is a contract – the deal is a deal!
- The focus is on productivity and growth.
- The approach encourages local leadership and good governance.
- City Deals use smarter tools for determining infrastructure investment priorities.
- The model unlocks access to innovative financing.
- City Deals help join up economic, social and sustainability goals.
- City Deals promote powerful political leadership that boosts economic productivity 8.City Deals support financial literacy and skills at a local level.
- There is less need to rely on inefficient taxes when efficient alternatives are available.