State capital program

Overview

The State Capital Program (Budget Paper No. 4) provides an overview of the capital investments the Government will deliver in the coming financial year.


The file below includes:

  • individual state capital programs and projects currently under way;
  • programs of work to commence in 2017-18; and
  • programs expected to be completed in 2017-18.

For a number of projects, the total estimated investment (TEI) is expressed as a financial range.  For the purpose of the attached dataset, the upper end of the financial range has been used.

In addition to Definitions and style conventions contained in Budget Paper No. 4, below are definitions of key terms to further assist understanding of the State Capital Program and the attached dataset.

Additional definition of key terms

Government Infrastructure Investment – represents the sum of purchases of non-financial assets, net cash flows from investments in financial assets for policy purposes, and sales of non-financial assets (net government infrastructure investment which is sourced from the general government cash flow statement). In addition, investment in government infrastructure also includes public private partnerships infrastructure investment.

PPP Infrastructure Investment – represents the annual capital expenditure cash flows modelled in the financial model forming part of a public private partnership (PPP) contract, exclusive of capitalised interest and any Victorian Government capital contribution. This amount is separately calculated and is not sourced from a particular line of a financial statement. The value of this line varies from year to year depending on the number, size and timing of projects being delivered as PPPs. The list of PPP projects currently underway is contained in Budget Paper No. 4.

Investments in financial assets for policy purposes – This term is defined under Budget Paper No. 4 Definitions and style conventions as ‘capital expenditure by general government sector representing an increase in equity of PNFCs in support of government policy’.

Generally, the amount is the same as its related project in Chapters 2 and 3. At times, there may be differences as the investment may be broader than an individual project (e.g. equity investment), or the entity may also contribute some of its own funds to a project in addition to the general government contribution.     

excel.gif State Capital Program (XLSX 207kb)