Deloitte speeding ahead with public sector transport and infrastructureDOWNLOAD
Wednesday, 31 August 2011: Professional services firm Deloitte today announced the appointment of a senior infrastructure and transport expert Luke Houghton as leader of Deloitte’s Public Sector transport and infrastructure industry practice.
Announcing the appointment, Simon Cook, National Leader of Deloitte’s Public Sector practice said, “Luke's appointment as Public Sector Transport and Infrastructure Leader aligns with Deloitte’s strategy to aggressively grow the firm’s foothold in major public sector projects occurring across Australia at both Federal and State levels.
“We are seeing a significant reassessment by State Governments of their transport priorities as they consider their infrastructure programs. The commercial advisory expertise Luke and the team brought with them from SAHA International nine months ago, combined with the economics forecasting and modelling skills of Deloitte Access Economics significantly boosts the policy advisory program implementation and evaluation now demanded by State and Federal governments,” Simon Cook said.
According to Luke Houghton, the transport and infrastructure landscape is changing across the country as governments are faced with ageing infrastructure, lack of infrastructure and a scarcity of funds. As a result governments need to revisit how infrastructure is prioritised and financed.
The latest Deloitte Access Economics Investment Monitor which highlights the value of investment projects across the country shows they have lifted by 8.4% over the past three months to $831.7 billion, with resources and infrastructure leading the charge.
Luke Houghton added, “We are seeing significant investment and planning underway in transport, ports, energy, water and telecommunications led by new areas of government spending.
“Repairs and planning are underway to road and rail infrastructure around Queensland following the floods earlier this year, with major transport projects including the $1.9 billion Cunningham Arterial in Queensland due to be completed by the end of 2012, along with the $1.7 billion Hunter Expressway in NSW.
“Our focus is on Private Public Partnerships (PPPs), commercial advisory, policy and strategy. The Deloitte team of 37 experts has worked with Infrastructure Australia, Infrastructure NSW, Coordinator-General Queensland and Treasury departments across the country demonstrating our knowledge of the market and the challenges faced by our public sector clients.
“This is at a time of ongoing uncertainty and volatility in capital markets, where it is more critical than ever that infrastructure projects deliver both value for money and a safe return on investment,” Houghton said.
Houghton has more than fifteen years of consulting experience with major transport, finance, strategy and infrastructure projects, including extensive experience in project management and structuring project financing across a range of industries, as well as determining procurement, risk and mitigation strategies.