BAF Evaluation Criteria (Cth)

BAF Evaluation Criteria

formulated under s.120 of  the

Nation-building Funds Act 2008

For the purposes of the Nation-building Funds Act 2008, the BAF evaluation criteria are the criteria set out in Schedule 1 to this instrument.

This instrument commences on 1 January 2009.

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Anthony Albanese
Minister for Infrastructure, Transport, Regional Development and Local Government

18  December 2008

SCHEDULE

BAF EVALUATION CRITERIA

In accordance with the provisions of the Nation-building Funds Act 2008, Infrastructure Australia is asked to provide advice to Government on transport, communications, energy and water proposals (which relate to the creation or development of infrastructure) for funding from the Building Australia Fund against the following evaluation criteria.

Projects that do not meet the criteria in full may still be assessed as conditionally meeting the criteria if Infrastructure Australia considers the criteria will be met prior to funding commencing. 

Principle 1: Projects should address national infrastructure priorities

Evaluation Criterion 1: Extent to which projects address national infrastructure priorities:

a)   Project proposal should demonstrate a positive impact on national productivity and economic growth.

b)   Where applicable, project is expected to assist in: developing Australia’s cities or regions; and/or enhancing international competitiveness; and/or improving Australia’s ability to address climate change and adaptation effects.

c)   Project should fit with broader Commonwealth, State or Territory policies and/or plans.

d)   Project addresses a need that is not provided for through existing infrastructure.

Principle 2: Projects should demonstrate high benefits and effective use of resources

Evaluation Criterion 2:  Extent to which proposals are well justified with evidence and data.

a)   Proposal should demonstrate through a cost-benefit analysis that the proposal represents good value for money.

b)   Project should indicate an expectation of long term public benefits, taking into account economic, environmental and social aspects of the project.

Principle 3: Projects should efficiently address infrastructure needs

Evaluation Criterion 3:  Extent of efficiency and co-investment.

a)   Funding of the project by the Commonwealth may leverage other forms of funding including from the private sector and other levels of government.

b)   Projects should take account of relevant market structures and pricing mechanisms.

c)   Project delivers an effective and efficient response to addressing an identified infrastructure need.

Principle 4: Projects should demonstrate they achieve established standards in implementation and management

Evaluation Criterion 4:  Extent to which efficient planning and implementation has occurred.

a)   Project risks have been analysed.

b)   Consideration has been given to, where relevant, the requirements that will need to be addressed prior to construction of the project including relevant approvals, land acquisition and planning.