My speaking notes follow, below.
Planning and Governance
Indeed, IA 'damns with faint praise' when it concludes: "After accounting for these [risk and uncertainty] factors, Infrastructure Australia still has a high degree of confidence that the BCR is greater than 1.0:1 for the project".
According to IA, "Major risks for the project include costs, environmental approvals and community support", which doesn't leave much in the way of certainty, especially as the final link to the port has not yet been defined or costed.
IA could not state that the project is warranted because it didn’t have comparable information on alternatives and therefore could not assess whether other options would provide better value to the WA community.
The evaluated PFL project was selected from 12 possible ones on the basis of subjective criteria, with only the 'preferred' project being subject to full benefit-cost analysis.
Written and Posted by Ian Ker, Convenor, STCWA