Cross River Rail




PROJECT
PIPELINE
STATUS

Prospective pipeline

Credibly proposed

Announced

Under procurement

Preferred bidder announced

Recently closed
Cross River Rail
STATUS

Prospective pipeline

Greenfield (construction) or brownfield (government asset divestment) projects needed or likely to occur within the next five years, but is not formally proposed by a state, territory or major local government.

Credibly proposed

The project or divestment is supported by a state, territory or major local government, is subject to studies or other processes (such as pre-feasibility or scoping studies or business case development), and is likely to proceed to formal announcement.   

Announced

The project has a firm commitment and timeline from a state, territory or major local government, but has not yet entered the market.

Under procurement

The project or transaction is under procurement (such as a call for Expressions of Interest, requests for tender, or another offer to the market).

Preferred bidder announced

A preferred bidder has been selected and is in exclusive negotiations.

Recently closed

Projects that have progressed to contractual close remain on ANZIP for 12 months.

ANZIP is focused only on major infrastructure activity, above the following thresholds:

Australia

Construction projects: > AUD$300m

Investable greenfield & brownfield: > AUD$100m

New Zealand

All greenfield and brownfield projects and divestments: > NZD $100 million


STATUS: Credibly proposed
VALUE: $5.4bn AUD
SECTOR: Rail
JURISDICTION: QLD
PROCUREMENT APPROACH: Possible PPP
TYPE: Greenfield

The Cross River Rail (CRR) project, identified by Building Queensland, aims to provide an additional rail crossing across the Brisbane River.

The project involves the delivery of a 10.2 kilometre north-south rail link from Dutton Park to Bowen Hills through the Exhibition showgrounds, including 5.9 kilometres of rail tunnel under the Brisbane River and CBD, as well as four new underground stations at Boggo Road, Woolloongabba, Albert Street and Roma Street.

Demand for Brisbane's rail services is expected to double by 2026, and triple by 2036. The project seeks to respond to these demand pressures.

The 2017-18 Queensland Budget allocated $1.95 billion towards the project, adding to the Government's $800 million in-principle commitment in June 2016 and their $50 million allocation towards scoping work and the establishment of the Cross River Rail Delivery Authority (CRRDA). A $129 million equity injection will be provided to CRRDA in FY2017-18.

The Queensland Budget also indicated will allocate the remaining $2.6 billion required over 2021-22 to 2023-24 but will still seek Federal Government contributions and proceeds from commercial funding sources, such as development of Government land around stations, to reduce the cost to the State. The Federal Government has committed $10 million towards the project to date.

In February 2017, the Queensland Government released a Request for Change of Proposal for public comment, outlining proposed alterations to the alignment and station locations of the project. The Change of Proposal was approved by the Coordinator-General in June 2017.

In July 2017 Infrastructure Australia (IA) released their evaluation of the business case, finding material concerns that would likely result in the Benefit Cost Ratio of the project being less than one.

Consequently CRR remains a "High Priority Initiative" on IA's Infrastructure Priority List. Only projects with an approved business case can be progressed to “Priority Project” status on the List, for Commonwealth funding consideration.

In the 2017-18 Budget, the Federal Government said the project has the potential to be supported through the National Rail Program, subject to a positive business case.


Presented by


Government sponsors

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Supporting agencies

 
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