The Queensland Government has taken a further step
towards the establishment of a new independent statutory advisory
body called Building Queensland.
This week, the Government introduced Building Queensland
Bill 2015 (the Bill) to formally establish
Building Queensland and define its powers and functions.
The stated purpose of the body is to facilitate a
whole-of-government approach to infrastructure planning and
WHAT WILL BUILDING QUEENSLAND DO?
Building Queensland will independently assess infrastructure
projects through business case development, including cost benefit
analysis and an assessment of the community benefits.
The Bill outlines that Building Queensland will provide advice
to government agencies about certain matters, including (but not
limited to) the following:
current and future needs and priorities;
policies, pricing and regulatory issues;
options and reforms;
needs of users; and
the delivery of projects.
Separately, Building Queensland may provide advice to private
stakeholders. If the Government is investigating private finance
options, Building Queensland may liaise with Queensland Treasury to
facilitate this (however ultimate procurement responsibility will
remain with Queensland Treasury).
A key output of Building Queensland will be the creation of a
pipeline of priority infrastructure projects that will be provided
to the Queensland government for consideration. The intention is
for Building Queensland to operate in a similar manner to
INVOLVEMENT IN BUSINESS CASE DEVELOPMENT
The extent of Building Queensland's involvement in preparing
business cases for infrastructure projects will depend on the
estimated capital cost of the project, as follows:
In general, it is not proposed that Building Queensland will lead
the procurement of an infrastructure project. The Bill indicates
that this may only occur in a rare case (upon direction from the
Expected capital cost of Project
Building Queensland's involvement
Less than $50 million
No Building Queensland involvement.
The government agency will prepare the business case.
$50 million - $100 million
Building Queensland will assist agencies in preparing the
Over $100 million
Building Queensland will lead the preparation of the business
WHERE TO NEXT?
This is a space to monitor with the Bill currently being
considered by Parliament.
All participants in infrastructure projects will, to some
extent, be affected by the introduction of Building Queensland.
Innovative funding models and partnering with industry, including
through Public Private Partnerships, will likely continue to be
used to deliver infrastructure for appropriate projects.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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