48

Reconsider the timing and sequence of future megaprojects to diversify the State’s investment program and mitigate delivery risks

a.

Reconsider the urgency, need and timing of megaprojects in the State’s forward pipeline and focus on those with the greatest benefits and need.

Sector:Multiple
Location:Statewide
Lead agency:Infrastructure NSW, Treasury
Implementation timeframe:Immediate Priority

b.

In the foreseeable future, sequence megaprojects to ensure their best chance of success, ideally once existing projects are in stable delivery.

Sector:Multiple
Location:Statewide
Lead agency:Infrastructure NSW, Treasury
Implementation timeframe:Immediate Priority

c.

In the sequencing exercise, reconsider the timing and need for Beaches Link, the M6 Stage 2, Parramatta Light Rail Stage 2, the central tunnel for the Great Western Highway - Katoomba to Lithgow upgrade, further stages of the Sydney Metro or rail projects (Sydney CBD to Zetland, Western Sydney International Airport to Leppington or Campbelltown) and regional major dam projects (New Dungowan, Wyangala).

Sector:Multiple
Location:Statewide
Lead agency:Treasury, Infrastructure NSW
Implementation timeframe:Immediate Priority

d.

Refocus the investment program by bringing forward programs of smaller to mid-sized projects identified by portfolio agencies.

Sector:Multiple
Location:Statewide
Lead agency:Infrastructure NSW, Treasury
Implementation timeframe:Immediate Priority

e.

Resolutely apply procurement practices for large complex projects that de-risk projects, reduce the costs of participation for bidders and increase participation by tier 2 and tier 3 contractors and new entrants.

Sector:Multiple
Location:Statewide
Lead agency:Infrastructure NSW, Treasury
Implementation timeframe:Immediate Priority