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Funding and delivery

Greater Newcastle Future Transport Plan

Funding and delivery

Our commitment is to ensure the transport system is financially sustainable, meeting the needs of our customers and the community and enabling us to continue investing in services and infrastructure. That is why we have prioritised initiatives, to ensure we can stage delivery starting with those that we believe will deliver the greatest benefit.

As initiatives progress to business case phase, we will investigate a range of funding and delivery options to ensure value for money.

 

Staging of initiatives

Our plan prioritises initiatives on the basis of existing NSW Government commitments and the challenges addresses, in order to importance. Initiatives are staged over 0-10, 10-20 and 20+ year periods, with existing infrastructure commitments, upgrades, service and policy initiatives a key focus in the first decade.

Infrastructure initiatives deliver significant benefits for our customers and the community, but they are capital-intensive and take time to plan and deliver, which is why initiatives are staged. On corridors where major new infrastructure is not yet needed, upgrades to existing infrastructure or service improvements may suffice.

As we undertake more detailed planning, we will review the proposed staging to ensure we are achieving the best outcomes for our customers.

 

Sources of funding

One of our objectives is to ensure the transport system is financially sustainable through informed decision-making and services and infrastructure being delivered, operated and maintained in a way that is affordable over the long-term.

There are many sources of funding for transport projects. User charging will remain a source of funding but will be complemented by other measures as the way we build and operate transport becomes more sophisticated. Mechanisms such as value sharing and development of government land to fund transport infrastructure will be investigated as we look for innovative and efficient ways to fund our transport projects.

 

Delivery mechanisms

As part of evaluating initiatives, we will consider a range of delivery mechanisms, consistent with the directions in the Future Transport Strategy. Where appropriate, we will partner with industry to delivery transport initiatives – whether this be enabling new services and infrastructure to be developed by industry or continuing to engage the private sector to deliver, operate and maintain services and infrastructure.

Local Government will also be a key partner for delivery of the Greater Newcastle Future Transport Plan. For initiatives related to cycling paths, local road upgrades, local footpaths and travel demand management and behaviour change initiatives, local councils will be an essential partner.

 

Implementation

The Greater Newcastle Future Transport Plan will be implemented through collaborative governance arrangements. Essential to this process will be alignment with the DPE’s Greater Newcastle Metropolitan Plan – Implementation Plan 2018-2020, and engagement with key stakeholders including the Hunter Regional Leadership Executive, Hunter Development Corporation and local Councils.

Six principles for Future Transport

The Future Transport 2056 Strategy is focused on six key principles for the future of mobility in the state, which together aim to positively impact the economy, communities and environment of NSW.

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