As a Council of Australian Governments' (COAG) Infrastructure Working Group (IWG) initiative, the Victorian Department of Treasury and Finance and the Commonwealth Department of Infrastructure and Transport were tasked to investigate opportunities for improving the efficiency and effectiveness of market engagement and tendering strategies for Traditional Contracting, particularly Design & Construct.
Patronage forecasts for Australian toll road projects have proven inaccurate and over-optimistic in recent years. Improving approaches to managing demand forecasting and patronage risk for infrastructure projects is essential to increase investor confidence and deliver the transport infrastructure required to boost economic activity.
