Title page
Contents
Chair's foreword 3
Membership of the Committee 8
Terms of reference 9
List of abbreviations 10
List of recommendations 11
1. Introduction 13
Key terminology 13
Financing and funding 13
Rail speed 14
Background 15
Relevant agencies 15
Previous committee reports 16
Infrastructure investment and economic recovery 21
Conduct of the inquiry and report structure 22
2. Funding and financing faster rail 24
Overview 24
Key themes 25
Innovative approaches by government 27
Private sector investment 30
Role for government 32
Government funding 32
Cooperation between all levels of government 34
Value sharing 37
Rail stations and precincts 38
Just, equitable and fair portion 42
Value capture mechanisms 43
Tax Increment Financing 44
Victorian Value Creation and Capture Framework 45
ACT Lease Variation Charge 46
Rezoning opportunities 47
Value sharing considerations and limitations 48
Missed opportunities for sharing value uplift 48
Timing considerations 50
Value capture limitations 52
Value creation and capture recommendations by previous committee 54
Committee comment 56
Appendix A - List of submissions 60
Appendix B - Public hearings and witnesses 62