Norton Rose Fulbright conducted a survey of industry
leaders at the Financial Review National Infrastructure
Summit held in Sydney on 15-16 June 2016. Following are the
results of that survey.
What is the most economically important infrastructure
project currently in the development pipeline in
The Western Sydney airport at Badgerys Creek
was voted as the most economically important project by 50% or
The Inland Rail project was nominated by 25% of
Sydney Metro was the third most common
response, with 16% nominating this project.
One respondent said none of the projects were the most
economically important, as "prioritising state-specific
projects this way is unhelpful".
Which infrastructure type do you expect to be most
affected by technology developments in the next 5-10
Perhaps unsurprisingly given the presentations from Transurban
and others, road transport (45%) was the
infrastructure class considered by most to be the most exposed to
technology developments in the medium term, followed by
energy (18%) and
Norton Rose Fulbright is the Legal Sponsor of the
Financial Review National Infrastructure Summit
Overall, the changes to Australia's foreign
investment regime over the past six months:
The 'other' responses included comments including:
Safeguards are not reasonable in protecting national
Unnecessary, but will not significantly affect costs
Without clear guidelines, more the latter [of the two
statements], but otherwise in between the two. TransGrid, for
example, had clear guidelines for transparency.
Not as well publicised/understood as they could be.
The top three challenges for current Australian
The vast majority of respondents (80%) nominated
frequent changes of government/pipeline
uncertainty as the biggest challenge for current
Australian infrastructure developments.
Almost a third (32%) of the industry leaders surveyed also
nominated regulatory uncertainty as a top
challenge and uncertainty arising from new
technology was the third most commonly cited challenge
Although it missed out on making the top three, a quarter of
respondents nominated scarcity of long-term
funding as a top challenge (see over for the graph of the
The 'other' responses to this survey question included
the following comments, which echo several of the key themes
arising during the discussions at the Summit:
Structure of government and overlapping responsibilities for
Project selection process deficiencies
Structures and procurement methods attractive to the bulk of
Lack of strategy and freight priority
Single purpose interest groups
Lack of a clear political decision making framework
Top three challenges for current Australian
Respondents were able to nominate up to three challenges in
response to this question, so percentages add up to more than
Which State/Territory Government is doing the best job
of delivering on the current and future infrastructure needs of its
The Baird State Government in New South Wales have reason to be
pleased, with 84% of the infrastructure industry leaders surveyed
voting them as the topperforming state/territory government in
This survey was conducted by Norton Rose Fulbright in hard copy
at the Financial Review National Infrastructure Summit in
2016, which was held in Sydney on 15-16 June 2016. Registered
attendees at the Summit were invited to participate on a voluntary
The 44 respondents included senior executives from utility
operators, infrastructure financiers, investors, advisers,
contractors, government, regulators and other industry
participants. Respondents were based in all Australian states and
territories, excluding Western Australia and Northern
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