Why do we need to research Infrastructure?
Infrastructure significantly affects the daily lives of all Victorians. Infrastructure is essential to health and wellbeing, and education. It also influences how people commute to work or school, communicate with one another and power homes. Infrastructure is essential to support the growth of communities and is important in protecting the environment.
We want to research infrastructure matters so we can help find ways to get more out of infrastructure in Victoria. This includes better ways to develop or assess infrastructure proposals, and how to fund or finance them.
What are we researching?
Our research program spans three key areas:
- improving how the impacts of infrastructure proposals are measured
- policy and reform issues relating to infrastructure
- new funding approaches.
The topics we are looking at are:
1. Improving how the impacts of infrastructure proposals are measured:
- Valuing more economic, social and environmental impacts in monetary terms where feasible.
2. Policy and reform issues relating to infrastructure:
- Managing transport demand, including a review of road pricing options to manage congestion and complementary measures to address equity and public transport impacts.
3. New funding approaches, including:
- Value capture, such as levies or taxes that seek contributions from those who indirectly benefit from government planning decisions or infrastructure investment.
How will we work?
We are conducting our research independently. To make sure our research is useful and we capture the best ideas from here and overseas we will consult and work with many different stakeholders. This includes, but is not limited to:
- Victorian government departments and agencies
- other state and national governments
- independent infrastructure bodies
- national and international experts and practitioners
- private sector and industry
- think tanks, academics and other non-government or research organisations.
Depending on the topic, we may partner with various experts or organisations. We will also publish our work so we can seek the community's views and feedback as we undertake our research.
What’s our plan?
Our plan for 2017 is to publish:
- further work on managing transport demand
- a paper on valuing amenity
- further results from our work on valuing more economic, social and environmental impacts
We will update our plan if timelines change as we investigate and explore these issues.
What have we done so far?
Valuing more economic, social and environmental impacts
Infrastructure Victoria has released a paper in a series of work on valuing more economic, social and environmental impacts. This paper outlines how government can improve its assessment and appraisal of infrastructure proposals when making investment decisions by monetising more economic, social and environmental impacts.
Stakeholder and community feedback is an important part of our research on monetising economic, social and environmental impacts of infrastructure projects, programs and policies. The first phase of consultation on this paper has closed. Infrastructure Victoria will continue to progress this project throughout 2017. For more information contact email@example.com.
Managing transport demand
Infrastructure Victoria is examining ways to manage congestion and get the most efficient use of the transport network.
The release of Victoria’s 30-year infrastructure strategy in December 2016 included a recommendation for transport network pricing to be implemented in 5-15 years. To explore our recommendation more closely, Infrastructure Victoria released the discussion paper The road ahead in November 2016 for consultation. Our analysis focused on managing congestion in metropolitan Melbourne as the first step towards a comprehensive transport network pricing regime for roads and public transport.
We used feedback on the discussion paper to identify areas of importance, challenge our thinking and help to shape the scope of work for the next phase of the research project. For more information contact firstname.lastname@example.org.
Value capture policy paper
Infrastructure Victoria has released the policy paper Value capture – options, challenges and opportunities for Victoria.
The paper aims to build community awareness and understanding of the concept of value capture and provide practical next steps for implementation.
The paper looks at several value capture mechanisms including developer contributions, betterment levies, major beneficiary contributions and property development, asset sales or leases. The value capture mechanisms are modelled on six infrastructure project scenarios to illustrate how they could be applied to different sectors such as transport, health, housing and education.
Funding and financing
As part of the development of Victoria’s 30 year infrastructure strategy, we released a paper on infrastructure funding and financing. This paper explains the different types of funding and financing mechanisms that could be used to support our infrastructure priorities, and outlines the advantages, limitations and implementation considerations for each funding and financing mechanism. This formed part of our public consultation in 2016 on All things considered, which set out the options for Victoria's 30-year infrastructure strategy.
How can you get involved?
We want to consider as many views as possible as we undertake our research. If you’d like to know more about Infrastructure Victoria’s research program please contact email@example.com