State budget 2021-22 State Capital Program

The State Capital Program (Budget Paper No. 4) summarises the capital projects the Government will be undertaking in 2021-22 and future years.Budget Paper No. 4 includes:projects and programs of work to commence in 2021-22;individual state capital programs and projects currently under way; andprograms expected to be completed in 2021-22.The information is current as at 12 May 2021.For a number of projects, the total estimated investment (TEI) is expressed as 'tbc'. For the purpose of the attached dataset, the totals include expenditure for projects with ‘tbc’ cash flows with the exception of Justice and Community Safety, which does not report 'tbc' funding at this time as commercial arrangements are still to be finalised.In Chapter 2 General government capital program 2021-22 and Chapter 3 Public non-financial corporations capital program 2021-22, some project information may not be reported for the following reasons:where a project is subject to further planning and development;due to undertaking a procurement process where disclosure of capital costs may impact potential pricing of tenders from the market; andwhere funding based on a preliminary cost estimate has been placed in contingency and not specifically disclosed and will require final consideration before the total estimated investment is disclosed.In addition to Definitions and style conventions contained in Budget Paper No. 4, below are definitions of key terms to further assist understanding of the State Capital Program and the attached dataset.Definition of key termsGovernment Infrastructure Investment – represents the sum of purchases of non-financial assets, net cash flows from investments in financial assets for policy purposes, and sales of non-financial assets (net government infrastructure investment which is sourced from the general government cash flow statement). In addition, investment in government infrastructure also includes public private partnerships infrastructure investment.PPP Infrastructure Investment – represents the annual capital expenditure cash flows modelled in the financial model forming part of a public private partnership (PPP) contract, exclusive of capitalised interest and any Victorian Government capital contribution. This amount is separately calculated and is not sourced from a particular line of a financial statement. The value of this line varies from year to year depending on the number, size and timing of projects being delivered as PPPs. The list of PPP projects currently underway is contained in Budget Paper No. 4.Generally, the amount is the same as it relates to projects in Chapters 2 and 3. At times, there may be differences as the investment may be broader than an individual project (e.g. equity investment), or the entity may also contribute some of its own funds to a project in addition to the general government contribution.

《州资本计划》（预算文件第4号）概述了维多利亚州政府将于2021-2022财年及未来年度推进的资本项目。预算文件第4号涵盖以下内容：
1. 将于2021-2022财年启动的项目与工作规划；
2. 当前正在推进的本州资本计划及单个项目；
3. 预计于2021-2022财年完成的规划项目。
本文件所载信息的有效截至日期为2021年5月12日。
针对部分项目，其总估算投资额（Total Estimated Investment，TEI）标注为“待确认（tbc）”。就本附件数据集而言，统计总额包含现金流标注为“待确认”的项目支出，但司法与社区安全领域除外：该领域目前尚未披露“待确认”资金，因其商业安排仍待最终敲定。
在第2章《2021-2022财年一般政府资本计划》及第3章《2021-2022财年公共非金融企业资本计划》中，部分项目信息未予披露，原因如下：
- 项目尚需开展进一步规划与开发；
- 正处于采购流程中，披露资本成本可能影响市场潜在投标报价；
- 基于初步成本估算的资金已纳入应急储备，未予单独披露，且需在披露总估算投资额前完成最终审议。
除预算文件第4号中已载明的定义与格式规范外，下文将对核心术语进行界定，以助于进一步理解本州资本计划及附件数据集。
### 核心术语定义
1. **政府基础设施投资（Government Infrastructure Investment）**：指非金融资产采购支出、用于政策目的的金融资产投资净现金流，以及非金融资产出售收入的总和（即源自一般政府现金流量表的净政府基础设施投资）。此外，政府基础设施投资还包含公共私营合作制（Public Private Partnership，PPP）基础设施投资。
2. **公共私营合作制基础设施投资（PPP Infrastructure Investment）**：指纳入公共私营合作制（PPP）合同配套财务模型的年度资本支出现金流，不含资本化利息及维多利亚州政府的资本出资额。该金额另行核算，并非源自单一财务报表项目。其数值每年随PPP项目的数量、规模及实施时点的变动而调整。当前正在推进的PPP项目清单载于预算文件第4号。通常情况下，该金额与第2、3章所载项目对应金额一致；但在部分情形下可能存在差异，例如投资范围超出单个项目（如股权投资），或项目主体除一般政府出资外，还投入了自有资金。