Media release
FROM THE OFFICE OF THE SECRETARY
13 November 2014
RELEASE OF COSTING OF ELECTION COMMITMENT
Pursuant to section 6.45 of the 2014 Guidelines on the Caretaker Conventions the Department of
Treasury and Finance (DTF) today released the costing of the following election commitment of the
Liberal National Coalition Party of Victoria:
Coalition 018 – Country Roads and Bridges program
The election policy costing was completed in accordance with DTF’s Guidelines for managing
requests from a political party for costing of its own policies (the policy costing guidelines) available
at: www.dtf.vic.gov.au/election2014.
The completed costing is attached to this media release.
David Martine
Secretary
Department of Treasury and Finance
Consistent with the DTF policy costing guidelines, the contact for Parties requesting DTF costings is:
Mr Ismo Rama
Telephone: 9651 5368
Email: ismo.rama@dtf.vic.gov.au
For media inquiries please contact: Mr Bruce Atherton
Telephone: 0404 097 654
Email: bruce.atherton@dtf.vic.gov.au
Department of Treasury and Finance
1 Treasury Place Melbourne Victoria 3002
Ph: +61 3 9651 5111 Fax: +61 3 9651 2062
Website: dtf.vic.gov.au
Election 2014 – Policy costing
Title: Country Roads and Bridges Program
Party making the request
Name of policy
Description of policy
Date of public release of policy
Date of receipt of request
Additional information requested
(including date)
Additional information received
(including date)
Costing methodology used:
 scope of initiative;
 costing techniques;
Coalition
Country Roads and Bridges Program
Continue support for local country road improvements with grants for
Victoria’s 40 rural shires ($4 million each) to rehabilitate or replace
bridges and repair or upgrade local roads. Funding will assist rural shires
to ‘catch up’ with their infrastructure backlog.
23 October 2014
10 November 2014
NA
NA
The media release for this proposal states that $4 million will be
provided over four years to each of Victoria’s 40 rural shires, totalling
$160 million.
 policy parameters;
 statistical data used; and
 behavioural assumptions used (as
appropriate).
The cost of the proposed output initiative for the forward estimates period is set out below:
2014-15
($ million)
DTF costing of output initiative
2015-16
($ million)
2016-17
($ million)
40.0
40.0
Four year total
(2014-15 to
2017-18
2017-18)
($ million)
($ million)
40.0
120.0
The Coalition has included an estimate for 2018-19 of $40.0 million. DTF has undertaken a costing
of this figure and considers $40.0 million to be a reasonable estimate for 2018-19 and notes that
this would bring the total estimated cost of the proposal to $160.0 million over five years.
DTF comments section
Where relevant, includes separate
identification of revenue, expense, asset
and liability components.
Where appropriate, includes range for
the costing or sensitivity analysis.
Caveats or qualifications to the costing.
Associated material: Copy of request as
received by DTF and any additional
information requested by DTF from
party.
Costs are all output costs.
NA
NA
NA
Title: Country Roads and Bridges Program
1