By the expiration of the AFN on June 30, 2019, the initiative is expected to provide $2.3 billion in funding to participating countries and free up more than $15 billion in additional economic infrastructure. Investments in additional infrastructure supported economic growth through increased construction activity and employment demand. In 2018, the National Partnership Agreement on land transport infrastructure projects was reviewed in accordance with paragraph 53 of the agreement. In accordance with the mandate, a review of the operation and effectiveness of the agreement to facilitate the implementation of transportation infrastructure projects was evaluated. The Australian government, through the Department of Infrastructure and Regional Development (DIRD), is primarily responsible for project financing within the National Land Transport Network (NLTN). The network is based on national and interregional land transport corridors that are essential for national and regional economic growth and connectivity. The AFN includes projects managed under the National Land Transport Act 2014 (NLT Act). Each state has a separate timetable for the AFN, which indicates the level of funding the Australian government intends to allocate to investments in land transport infrastructure. These schedules are updated annually according to the federal budget and as required. The Australian government has put in place, under the new NPA, a framework for Aboriginal participation, which will apply to new road and rail projects.
The framework provides for a national approach to increasing opportunities for Aboriginal job seekers and businesses involved in the implementation of publicly funded land transportation infrastructure projects. In 2014, the Council of Australian Governments (COAG) agreed on the National Partnership Agreement on Asset Recycling (NPA). Asset recycling supports investments in additional infrastructure that will stimulate economic growth and increase productivity. The AFN`s objective was to free up funds from existing public assets to invest in additional infrastructure. The AFN supports the implementation of infrastructure projects and explains how the Australian government and countries will work together to carry out infrastructure projects for the benefit and well-being of Australians. You will find more information and support in the National Investment and Programming Programs Team (PIP) branch of the Department of Transportation and Major Roads. Phone 3066 3572. The Administration Explanatory Notes (NOD) describe the IPI`s administrative approval, variation, tracking and reporting processes. A copy of the national partnership agreement and the state`s most recent timetable are available at: www.federalfinancialrelations.gov.au The OnQ project proposal, options analysis, business case and project plan should be used to fully document project needs, including; Project origin, stakeholder analysis, project impact, design development thinking, options assessment, scope management, project costs, risk and implementation strategy, etc. The relevant details are then included in the PPR.
The finalized PPR is submitted to the DIRD for funding/approval. A project cost breakdown (PCB) is also to be completed and submitted to the RPP at a cost of more than $25 million.