Cross River Rail

Cross River Rail

Client | Queensland Government
Location | Brisbane, Queensland
Role | Project Director, Business Case Manager, Risk Manager

The joint Commonwealth-State funded Detailed Feasibility Phase for Cross River Rail was the proposed 18 kilometre north-south rail line in Brisbane’s inner city, including 10 kilometres of underground tunnel and four underground stations, that would almost double the capacity of the rail network and provide a dedicated freight line to the Port of Brisbane.

The engagement included directing the project, the development of a detailed business case under the Queensland Government’s Value-for-Money Framework and a submission to Infrastructure Australia under the Reform and Investment Framework and the National PPP Policy and Guidelines.

In 2012, Cross River Rail was the highest priority project in the nation, with Infrastructure Australia recognising the project as “Ready to Proceed”.

Scope of Work

  • Project directorship for the detailed feasibility phase and management of the investment and finance team
  • Detailed project risk assessment and valuation
  • Development of a preliminary evaluation and business case under the Commonwealth’s National PPP Guidelines and Queensland Governments Project Assurance and Value-for-Money Frameworks
  • Development of multi-faceted project funding strategies including Commonwealth and Queensland Government funding options, utilisation of private funding, value capture opportunities, property development and ancillary revenue opportunities
  • Direct leadership of legal, economics, finance, commercial, property development, risk estimation, cost estimation consultancies and government employees
  • Coordination and management of inputs from a multi-disciplinary project team including directing and working with transport planners, environmental analysis, property management teams, tunneling engineers, precinct planners and train system operations

Key Achievements

  • Project directorship of a large multi-disciplinary project team
  • Development of a high quality Preliminary Evaluation of the project in the first three months of engagement
  • Development of a high quality Business Case which included a detailed analysis of –
    • strategic options including transport, city building and economic benefits generated by the project
    • value created by the project including strategies for value capture
    • legal, legislative, due diligence and public interest issues
    • whole-of-life financial and risk analysis including broader whole of network and budget impact analysis
    • market analysis and delivery strategy development including consideration of a number of delivery options and staged delivery of the project
    • funding strategy including the possible use of private finance
    • benefits realisation strategy
  • Development of funding submissions to the Queensland Government
  • Establishment and project management of the Investment and Finance Team, and development of the Investment and Finance Team Project Plan
  • Development of a detailed submission to Infrastructure Australia in November 2011 which resulted in Infrastructure Australia assessing the project as being the highest priority infrastructure project in the nation and being “Ready to Proceed”