State capital program

The State Capital Program (Budget Paper No. 4) summarises the capital projects the Government will be undertaking in 2024-25 and future years.

The State Capital Program (Budget Paper No. 4) summarises the capital projects the Government will be undertaking in 2024-25 and future years.      

Budget Paper No. 4 includes:     

  • projects and programs of work to commence in 2024-25        
  • individual state capital programs and projects currently under way and            
  • programs expected to be completed in 2023-24 financial year.           

The information is current as at May 2024.         

For a number of projects, the total estimated investment (TEI) and cash flows are expressed as 'tbc'. For the purpose of the attached dataset, the totals include expenditure for projects with ‘tbc’ TEI and cash flows.        

In Chapter 2 General government capital program 2024-25 and Chapter 3 Public non-financial corporations capital program 2024-25, some project information may not be reported for the following reasons:

  • where a project is subject to further planning and development
  • due to undertaking a procurement process where disclosure of capital costs may impact potential pricing of tenders from the market and
  • where funding based on a preliminary cost estimate has been placed in contingency and not specifically disclosed and will require final consideration before the total estimated investment is disclosed.

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.           

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 (PPP) infrastructure investment.    

PPP infrastructure investment – represents the estimated annual construction-related cash outflows for projects which form part of a public private partnership (PPP) contract, exclusive of capitalised interest (unless otherwise specified) and any Victorian Government capital contribution. The value PPP construction-related cash outflows 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 are contained in Budget Paper No. 4. 

Reviewed 08/05/2024
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