Major transport projects have the potential for wide-scale impacts on the community and the natural environment. They should be carefully planned and well designed, should undergo scrutiny of proposed construction techniques and designs, and should be diligently assessed for environmental impacts before construction starts.
This part of the report assesses whether the reference design for the Melbourne Metro Tunnel Project:
Before the Victorian Government funds a public sector project, agencies must show that they have examined the need for the investment, understood the underlying context of the need, and can propose strategic interventions and project options to solve the problem and deliver benefits to the community and the economy.
This strategic conceptualising and planning process helps agencies to develop a detailed business case, which is the typical vehicle used to seek government approval and funding of a project.
Melbourne's train patronage has been growing faster than the metropolitan system's ability to cope with demand.
The aim of the Melbourne Metro Tunnel Project is to free up Melbourne's central rail system by removing three of the city's busiest train lines—Pakenham, Cranbourne and Sunbury—from the City Loop. This will create capacity to run more trains across the metropolitan rail network and increase service reliability.
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City Loop refers to the two above ground and three underground stations that surround Melbourne's CBD—Flinders Street, Southern Cross, Flagstaff, Melbourne Central and Parliament. |
| CBD | Central business district |
| ClicSim | City Loop and Inner Core Simulation |
| DEDJTR | Department of Economic Development, Jobs, Transport and Resources |
| DELWP | Department of Environment, Land, Water and Planning |
| DoT | Department of Transport |
| DPC | Department of Premier and Cabinet |
| DTF |
Independent assurance report to Parliament
Ordered to be published
VICTORIAN GOVERNMENT PRINTER June 2019
PP No 38, Session 2018–19
Dear Presiding Officers
Ordered to be published
VICTORIAN GOVERNMENT PRINTER May 2019
PP No 32, Session 2018–19
Dear Presiding Officers
Our dashboard is interactive visualisation tool summarising the financial statement data for all Victorian technical and further education (TAFE) institutes.
Do you need help using the dashboard? Read our dashboard instructions.
Responsibility of public-sector entities to achieve their objectives in the reliability of financial reporting; effectiveness and efficiency of operations; compliance with applicable laws; and reporting to interested parties.
The systematic allocation of the depreciable amount of an intangible asset over its expected useful life.
An item or resource controlled by an entity that will be used to generate future economic benefits.
Figure E1 shows indicators used in assessing the financial sustainability risks of TAFE institutes. These indicators should be considered collectively and are more useful when assessed over time as part of a trend analysis.
Figure E1
Financial sustainability risk indicators, formulas and descriptions
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Indicator |
Formula |
Description |
|---|---|---|
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Net result margin (%) |