The Australian Government is committed to efficiently drawing on innovative funding and financing mechanisms, including value capture, to help deliver the infrastructure upgrades needed to support Australian communities. Value capture is an important alternative source of funding for infrastructure development which can provide a more efficient and equitable approach to infrastructure development and delivery. Considering value creation and capture opportunities in investment decisions encourages reforms through more integrated urban and land use planning practices, and enables greater private sector involvement in the funding and delivery of infrastructure.
The Australian Government recognises that the key to a good value capture strategy is that value capture mechanisms should demonstrate a clear link between any contributions to a project being sought from beneficiaries and the additional benefits created by the project.
Following the release of the Discussion Paper on Using Value Capture to help Deliver Major Land Transport Infrastructure PDF: 2564 KB , the Australian Government undertook extensive consultation with stakeholders in April 2017. This Discussion Paper, the House of Representatives Committee's Review Harnessing Value, Delivering Infrastructure, and the Infrastructure Australia's Discussion Paper, Capturing Value, have help laid the ground work for future development of value capture in Australia.
The Government is now using the findings of this consultation within its major investment programs. This includes considering opportunities to use value capture to help deliver the major, transformational infrastructure projects being developed across the country.