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Advisers Move Victorian Infrastructure Forward

September 9, 2014 0 Comments

Victorian Infrastructure projects are moving forward as advisers focus on the East West Link and the Melbourne Rail Link.

East West Link

Ernst and Young have been chosen to provide expert advice throughout the project development for the East West Link (western section).

The Minister for Infrastructure and Regional Development, Mr Warren Truss said, “The western section of the East West Link will complete the missing links from the Eastern Freeway through to the Western Ring Road, providing an alternative to the Monash-West Gate freeways that are already choked by congestion”.

“The Australian Government is providing $3 billion to the overall East West Link project, including $1.5 billion to fast-track delivery of the western section to ensure Melbourne commuters spend less time stuck in traffic and more time being productive or at home with their family.”

Melbourne Rail Link

KPMG have secured the commercial and financial advisory contracts for the Melbourne Rail Link. The Melbourne Rail Link will enable the separation of rail lines. This will allow more trains on the lines and allow for up to 30% more passengers during peak hour. This is big plus for public transport.

The Victorian Treasurer, Mr Michael O’Brien said, “The appointment of commercial and financial advisers to drive the delivery of the Melbourne Rail Link is an important step in securing the best value for money for Victorian taxpayers”.

“It is absolutely critical that we receive the best possible advice to deliver these complex projects on time and within budget.”

“Our governments both recognise the importance of retaining commercial and financial experts, and we look forward to working with these two firms to ensure maximise value for money for taxpayers,” added Mr O’Brien.

These contracts were secured after the release of design and planning tenders for the Melbourne Rail Link and the western section of East West Link back in July of this year.

The securing of these contracts will move these large victorian infrastructure projects forward and ultimately benefiting public transport.

The Minister for Roads and Public Transport, Mr Terry Mulder said, “KPMG and Ernst and Young bring with them a wealth of experience in the infrastructure sector, and between them have worked on some of Australia’s most complex transport projects”.

“Melbourne Rail Link and the western section of East West Link are part of a $24 billion pipeline of transport infrastructure projects lined up for Victoria, and we will continue to engage with industry to boost innovation and value for money as planning gets underway”.

“It is full steam ahead on these projects, and we are on track for construction to commence by the end of 2015 for the western section of the East West Link and in 2016 for Melbourne Rail Link,” added Mr Mulder.

Filed in: Featured, Industry News

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