Damien Augustinus addressing the sold out CEDA event

Highlighting Victoria's bright infrastructure future at annual economic, political forum

Published 04 March 2018

MELBOURNE, VICTORIA – Plenary Executive Director - Origination Damien Augustinus provided insight into the importance of integrated, long-term approaches to infrastructure development and investment.

Mr Augustinus spoke to a sold-out crowd at the at the Committee for Economic Development of Australia’s annual economic and political overview in Melbourne recently.

He joined Victorian Treasurer, the Hon Tim Pallas MP, and Commonwealth Bank of Australia Chief Economist Michael Blythe to discuss the key economic trends, policy agendas and prospects for growth in 2018.

Mr Augustinus noted Plenary starting in 2004 off the back of Victorian Government projects such as the Melbourne Convention Centre, but having since leveraged its expertise to now have a portfolio of 44 public-private partnership projects worth more than $32 billion across Australia, Canada and the US.

“We pride ourselves on delivering first-class public infrastructure that makes a true difference to the lives of its users,” Mr Augustinus said.

“It is through this lens we have seen this government’s willingness to map out integrated, long-term approaches to infrastructure development and investment, as well as then getting on with the job of delivering for Victorians.”

Mr Augustinus said part of that vision is the government’s work in leaving no stone unturned when it comes to delivering major projects.

“In the world of PPPs alone this government has seen the delivery of the $1 billion Victorian Comprehensive Cancer Centre and the $600 million Bendigo Hospital, and it is well into the development of the $2.3 billion High Capacity Metro Trains project.

“It is about the start construction of the $1.8 billion Western Roads Upgrade – the first of its kind for an arterial roads network in Australia, and a project which, through the treasurer’s leadership, has seen the re-emergence of the greenfield bond market for the first time since the GFC.

“And that’s just in the world of PPPs. That doesn’t take into account the massive work happening to our public transport network through things like the Level Crossing Removal program, the metropolitan and regional roads upgrades and improvements, and the host of new schools and hospital upgrades happening across the state.”

Delivering the keynote speech, Treasurer Pallas spoke of the heightened interest in politics in an election year, the pipeline for infrastructure and major projects in Victoria, labour market trends and the transition and development of Australia’s future industries.

The Melbourne event is part of a series of briefings around the country on the economy and politics for the year ahead.

Christopher Whitefield

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