In a bold move to shape its future urban landscape, the state of Victoria in Australia has released its draft 30-year infrastructure strategy. The ambitious plan recommends investments of AU$55 billion (US$34.5 billion), with anticipated benefits soaring to AU$155 billion (US$97 billion) over the next decade if these recommendations are set in motion. This isn’t just a wishlist; it’s a strategic blueprint that could redefine Victoria’s growth trajectory (INFRASTRUCTURE VICTORIA).
At the heart of the strategy are 50 priorities that span housing, energy, transport, health, social infrastructure, and the environment. These aren’t just siloed sectors but interconnected pillars that support the state’s overall development. With 43 draft recommendations, the strategy isn’t merely about pouring concrete; it’s about laying the foundation for a more productive economy and a higher quality of life for Victorians.
Jonathan Spear, Chief Executive of Infrastructure Victoria, emphasizes the dual approach needed to maximize the state’s potential. “Investing in new infrastructure is one way of building a more productive economy, and more will be needed as Victoria grows,” he acknowledges. However, Spear underscores the importance of optimizing existing assets. “The government can prioritise getting better use from its existing assets, improve how it maintains infrastructure so it performs better and lasts longer, and publish long term plans so that other governments, industry and not-for-profit providers can make better informed choices on where and when to invest,” he adds.
The strategy doesn’t shy away from leveraging digital technologies to drive efficiency and savings. One standout example is the use of Building Information Modelling (BIM) in major infrastructure and housing projects. By adopting BIM, the state aims to reduce cost overruns, potentially saving billions of dollars. This isn’t just about cutting costs; it’s about ensuring that every dollar invested translates into tangible benefits for the community.
Victoria’s approach is notable for its commitment to continuous improvement and adaptation. The 30-year infrastructure strategy is updated every three to five years, ensuring that it remains relevant and responsive to the state’s evolving needs. Following stakeholder and community feedback, the completed strategy will be tabled in the Victorian Parliament, with the government required to respond to its recommendations.
This draft strategy comes at a pivotal time for Victoria, the second most populated state in Australia with the second largest economy. As the state continues to grow, the choices made today will resonate for generations. The strategy isn’t just a document; it’s a conversation starter, an invitation for stakeholders and the community to engage, debate, and ultimately, shape the future of Victoria.
How might this news shape development in the sector? For one, it sends a clear signal that Victoria is open for business—not just for construction giants but for tech innovators, sustainability champions, and social enterprises. By emphasizing the better use of existing assets and the integration of digital technologies, the strategy challenges the industry to think beyond the traditional ‘build more, build new’ mantra.
Moreover, the focus on long-term planning and collaboration across sectors and governments sets a precedent for other states and countries grappling with similar challenges. It’s a call to arms for holistic, forward-thinking infrastructure development that balances economic growth with social and environmental sustainability.
The stage is set, the blueprint is drawn, and the conversation is started. What remains is for the industry, the government, and the community to come together, act on these recommendations, and build a Victoria that is not just bigger but better. The future of construction in Victoria isn’t just about erecting structures; it’s about building a state that works for everyone.
