Capital Investment Plans (CIP)
The CIP data submission comprises Emerging Project, Budget Proposal and existing Capital Projects provided through the State financial management system (Prime). This information is used to prepare agency, cluster and whole of government level CIPs, which provide a summary of the total capital investment commitments and intentions over a 10-year time frame.
Asset Management Policy (TPP19-07)
The Government has approved a new asset management policy (TPP 19-07) which aims to drive better asset management through strengthening accountability, performance and capability across the public sector. The policy will reflect the Government's objective to achieve a consistent and improved approach to asset planning and delivery that is underpinned by the consideration of asset lifecycle costs, performance, risk and economic modelling to support the strategic priorities of the NSW Government.
The new policy published on this page is to replace the previous Total Asset Management policy. The requirements under TPP 19-07 replaces the previous requirements for agencies to submit Asset Strategy documents and Asset Utilisation Recycling Plans. The Asset Management Policy now requires agencies to submit fit-for-purpose Strategic Asset Management Plan (SAMP), an agency-level Asset Management Policy, Asset Management Plans (AMPs) and an Asset Register.
All Budget Material Agencies (as listed in NSW Budget Paper No. 1), except for state-owned corporations and public financial corporations, are considered within the scope of the policy and are required to adopt the core requirements.
Where agencies are grouped together to form a Cluster, the lead agency, in addition to their individual requirements, is expected to ensure their Asset Management Framework is consistent across the Cluster.
Agencies should contact either their relevant NSW Treasury analyst for guidance or email Infrastructure NSW on [email protected]
Restart NSW is a fund dedicated to delivering vital infrastructure projects like public transport, road improvements to reduce congestion, and freight and hospital upgrades for NSW, with 30 per cent of funds reserved for projects in regional areas.
All projects to be funded by Restart NSW will be considered as part of a detailed five-year Infrastructure Plan and 20-year State Infrastructure Strategy, with Infrastructure NSW to make recommendations as to which projects will be funded