State of Victoria puts infrastructure projects back on track

An ambitious pipeline of projects is being used to lure investors to the Australian state of Victoria

The Australian state of Victoria is sitting on a cash pile of A$11 billion $8.4 billion following the sale of the Port of Melbourne in September and plans to use the proceeds to partner with the private sector on infrastructure projects. 

Already the government has announced the building of a Metro railway tunnel under Melbourne’s central business district, the procurement of 65 high capacity trains, the removal of 11 dangerous level rail crossings, and an extension of the Western Distributor road. All are being done under public-private partnerships PPPs and are together worth A$19.7 billion.

The pipeline for 2017 is full and includes a A$10...

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