The New South Wales and Queensland 2022-2023 Budgets have recently been released. In the NSW Budget it is good to see that $500 million has been pledged towards unlocking land and speeding up housing infrastructure, as well as a $112.7 billion four-year infrastructure investment program. The latter includes $12.4 billion for the Sydney Metro West, $8.4 billion for the Sydney Metro – Western Sydney Airport, $5.1 billion for the Sydney Metro City, $4.1 billion for the Western Harbour Tunnel, $3.2 billion for the Great Western Highway Upgrade, $2.3 billion for the M6 Extension Stage 1 and $1.9 billion for the Jervis Bay to the Victorian border road.
The Queensland Government has released its $29.7 billion roads and transport investment plan, prioritising regional projects and road safety programs. The Queensland Transport and Roads Investment Program (QTRIP) 2022-23 outlines current and planned investments over the next four years. This is expected to support 25,200 direct jobs.
Also in the Queensland Budget is the plan to levy more than $1.4 billion over four years from business to generate ongoing funding for mental health services. Major retailers, mining companies, and construction firms are expected to contribute the most. This follows a similar levy in Victoria. While this is a welcome move, let’s hope this scheme is well designed so that the impost on business is not too great, and that the productivity returns make it worthwhile.
An interesting development is that ACIF member association, the Australian Institute of Quantity Surveyors is currently working with MECLA, NABERS and the GBCA to assist in the development of a national framework for measuring, certifying, and benchmarking CO2 emissions from construction and building materials. At present, there are no industry agreed frameworks in Australia and, as a result, there are inconsistencies in methodology, scope and data sources that deliver inconsistent results. Not all professionals use the same methods or data sources. See the article by AIQS CEO Grant Warner here.
Dr James Cameron
ACIF Executive Director
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