MM PRESENTATION 20160223 Business Case .POPULATION GROWTH Source: Plan Melbourne POPULATION GROWTH

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Transcript of MM PRESENTATION 20160223 Business Case .POPULATION GROWTH Source: Plan Melbourne POPULATION GROWTH

  • MELBOURNE METRO BUSINESS CASE BRIEFINGFebruary 2016

  • BACKGROUND

  • Continuing population growth Increasing demand on public transport Changing economy shift to central Melbourne

    CHALLENGES FACING MELBOURNE

  • MEETING THE CHALLENGE OF POPULATION GROWTH

    12.6

    14.4

    24

  • POPULATION GROWTH

    Source: Plan Melbourne

    POPULATION GROWTH WILL BE CONCENTRATED IN THE NORTH, WEST AND SOUTH EASTFigures indicate forecast population growth between 2011 and 2031.

    POPULATION GROWTH WILL BE CONCENTRATED IN THE NORTH, WEST AND SOUTH EASTFigures indicate forecast population growth between 2011 and 2031.

    WESTERN+420,000

    NORTHERN+450,000

    EASTERN+180,000

    SOUTHERN+450,000CENTRAL+270,000

  • AVERAGE GROWTH BY INDUSTRY 2001-2013(SIX LARGEST SECTORS)

  • NEW BUSINESS GROWTH

    Source: Plan Melbourne

    A CHANGING ECONOMY IS HAVING AN IMPACT ON WHERE PEOPLE WORK

    A CHANGING ECONOMY IS HAVING AN IMPACT ON WHERE PEOPLE WORK

    Over 500 businesses

    250-500businesses

    125-500businesses

    51-125businesses

    Professional

    Manufacturing

    NEW BUSINESSES 20012011

  • FUTURE RAIL NETWORK PATRONAGE

    Population growth Inner city jobs Road congestion Parking costs Environmental impacts

    Population growth Inner city jobs Road congestion Parking costs Environmental impacts

  • THE IMPORTANCE OF MELBOURNES CBD

    States economic and cultural hub home to many iconic institutions, destinations

    Economy evolving towards inner-city produced, knowledge-based services

    Manufacturing relocating to the west of Melbourne

    CBD needs to continue to grow and realise its full job growth potential

    CENTRAL MELBOURNE IS SET TO BECOME AUSTRALIAS LARGEST BUSINESS CENTRE WITH JOBSPROJECTED TO GROW TO ALMOST 900,000 BY 2051

  • BUSINESS CASE RECOMMENDATION

  • Melbourne Metro: Meets a pressing need to increase capacity of the metropolitan

    rail network Represents the best option identified to deliver the objectives of

    rail investment Is economically viable and backed by a strong strategic case Is deliverable within the cost and timeframes proposed Fits with the strategic policy objectives of Federal, State and

    Local Governments Delivers substantial social, environmental and economic

    benefits Is widely supported by stakeholders and the community

    BUSINESS CASE RECOMMENDATION

  • Benefit to Cost Ratio of 1.1 Benefit to Cost Ratio of 1.5 when

    wider economic benefits are included

    Creates 3,900 additional jobs (net) across Victoria and 4,700jobs (net) nationwide at the peak of construction.

    Expected to increase Victorian GSP by $7 billion in present value terms

    ECONOMIC CREDENTIALS

    A BCR GREATER THAN 1.0 INDICATES BENEFITS OUTWEIGHCOSTS FOR EVERY DOLLAR SPENT; MELBOURNE METRO WILL DELIVER A NETECONOMIC BENEFIT TO THE VICTORIAN COMMUNITY

  • Detailed financial model used to assess Melbourne Metro

    A $10.9 billion transformative infrastructure project for Melbourne and Victoria

    Rolling Stock - Government has committed $1.3 billion to build a new fleet of 37 HCMTs to operate on the Cranbourne / Pakenham Line.

    COST

  • SCOPE

  • ACCESS TO STRATEGIC LOCATIONS

  • ARDEN

  • PARKVILLE

  • CBD NORTH

  • CBD SOUTH

  • DOMAIN

  • KEY BENEFITS

  • BENEFITS OF MELBOURNE METRO INCLUDE:

    Enhancing Melbournes liveability and Victorias prosperity by improving access to jobs, education, health, sport and culture

    Expanding the inner core of the rail network to meet demand in the growth corridors to the north, west and south-east of Melbourne

    More evenly distributing passenger flow and easingovercrowding in the inner core of the network

    Creating education and job opportunities in citys inner west for Melbournes key population growth corridor to the north-west

    Improving access to the CBD and Parkville to support Victorias growing knowledge economy

  • BENEFITS OF MELBOURNE METRO INCLUDE:

    Upgrading rail capacity into and out of five existing and emerging national employment clusters (Parkville, Monash, Dandenong South, Sunshine, and East Werribee)

    Reshaping travel demand to enable a future opportunities for the tram network by moving services to the west of the CBD

    Relieving tram crowding and congestion on St Kilda Road and Swanston Street

    Improving capacity, reliability and punctuality for rail passengers

  • CAPACITY BENEFITS IN NUMBERS

    From day one of Melbourne Metros opening, 39,000 extrapassengers will be able to travel on the rail network during each peak period

    Capacity for around 12,000 of the extra 39,000 passengers delivered directly on the new stand-alone Melbourne Metro (Sunshine Dandenong) line; remaining 27,000 uplift achieved on other lines Upfield,Craigieburn, Werribee, Sandringham and Frankston

    Melbourne Metro will create different travel patterns for commuters, leading to a 20% decrease in crowding across existing CBD stations

  • NEXT STEPS

  • NEXT STEPS

    Environment Effects Statement on exhibition Procurement Major early works (site preparations) in 2017 subject to

    planning approval Major Works in 2018

  • QUESTIONS?