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Cross River Rail PPP announcement welcomed

Published 31 August 2017

BRISBANE, AUSTRALIA – As the leading independent developer of public infrastructure in Australia, Plenary welcomes the Queensland Government’s announcement that part of the Cross River Rail project will be procured via a public-private partnership (PPP).

“Driven by unprecedented population growth in Australia’s major capital cities, demand for major transport infrastructure has significantly increased,” Plenary CEO Paul Oppenheim said.

“Without investment in major projects such as Cross River Rail, future demand will significantly exceed capacity.”

Mr Oppenheim said the extent to which state governments are mapping out long-term approaches to infrastructure development has improved dramatically in Australia in recent times. The Queensland Government released its State Infrastructure Plan in March 2016.

“PPPs are proving crucial in delivering future urban transport projects across Australia with a strong track record for infrastructure delivered on-time and on-budget. They transfer risk away from taxpayers and deliver value-for-money for governments. They have a history of responding positively to urban renewal and precinct activation opportunities.

“Plenary is playing its role in the delivery of Queensland’s Gold Coast Light Rail project’s $420 million stage two, and the delivery of the $1.6 billion Toowoomba Second Range Crossing project, Queensland’s highest priority road project.

“Infrastructure is a powerful tool. It helps deliver jobs in the short-term and improves economic efficiency and service delivery in the long-term.

“We support the Queensland Government’s approach to such an important piece of public infrastructure in Cross River Rail, and we look forward to being part of the competitive PPP process.”

Christopher Whitefield

Corporate Affairs Manager
+61 3 8888 7754
+61 418 530 806
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