LABOR’S FINANCIAL STATEMENT 2014

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We were proud to be part of a Labor Government that delivered 11 consecutive budget surpluses and maintained Victoria’s AAA credit rating.

We’ll also be proud to be part of a Labor team that, if elected to Government, will deliver further surpluses, maintain a AAA credit rating and create more jobs for Victorians.

Good economic management is about creating jobs, supporting skills, investing in industries and maintaining a steady pipeline of projects based on sound planning.

Under Labor, our state was the engine room of jobs. In 2009, 92 per cent of all new, full-time Australian jobs were created here in Victoria.

But over the last four years, the unemployment rate has increased while support for skills and industries has decreased. With no plan for jobs, our state simply isn’t as strong.

A Labor Government will get Victoria back on track and back to work. We’ll fight for every job and give every child the chance to get skills and build a better life.

We are pleased to present Labor’s Financial Statement 2014, which details our plans to fix our state and support our families while making sure our finances are healthy and stable.

Labor’s plans for our state are fully costed. They are affordable, they are achievable and they will make Victoria stronger and fairer and more liveable.

We’ll invest in our industries, support schools and TAFE, and help create 100,000 new jobs because a Labor Government will be all about putting people first.

FOREWORD

TIM PALLAS MPSHADOW TREASURER

ROBIN SCOTT MPSHADOW MINISTER FOR FINANCE

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PANEL OF REVIEW

Professor Robert Officer, AM

Bob Officer is among Australia’s best known financial academics and public administrators. He has played a substantive role in advising governments and regulatory bodies on a range of issues associated with infrastructure assets as well as consulting to public, private and government organisations on a vast range of financial and policy issues. Bob is an experienced Board member and Chair of several boutique fund managers, covering different financial instruments.

His previous and current roles include:

� Chairman, Victorian Commission of Audit (1992)

� Chairman, Victorian Funds Management Corporation (1995-2006)

� Chairman, National Commission of Audit (1996)

� Director, Transport Accident Commission of Victoria (1997-1998; 2006-2012)

� Board member, Transurban (2010-2012) � Professor Emeritus, University of

Melbourne

In 2012, Bob was made a Member of the Order of Australia (AM) for service to business and education in the field of financial economic theory; as a leader of public and private sector institutions; as an adviser to government; and as an academic administrator.

In 2003 Bob was awarded the Centenary Medal for services to the public sector.

James MacKenzie

James MacKenzie is one of Australia’s most experienced public company directors. A Chartered Accountant by profession, James is a noted leader in public administration and was also a Partner in both the Melbourne and Hong Kong offices of an international accounting firm now part of Deloitte.

His previous and current roles include:

� Chief Executive Officer, Transport Accident Commission of Victoria (1994-1997)

� Chief Executive Officer, Norwich Union Australia (1997-2001)

� Managing Director of Funds Management and Insurance, ANZ (2000-2001)

� Chairman, Transport Accident Commission of Victoria and WorkSafe Victoria (2000-2007)

� Director and Chairman, Mirvac Group (2005-2014)

� Member of the COAG Business Advisory Forum (2011-2013)

James is a Fellow of both the Institute of Chartered Accountants in Australia and the Australian Institute of Company Directors and was also a member of the Australian B20.

In 2001 James was awarded the Centenary Medal for services to public administration.

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SUMMARY OF LABOR’S 2014 ELECTION COMMITMENTS

RECURRENT FUNDING COMMITMENTSPage 1 of 1

Summary of Labor's 2014 Election Commitments ($m) 2014-15 2015-16 2016-17 2017-18 2018-19 Total

PEBU operating surpluses 1 092.4 2 294.4 2 679.6 2 965.2 n.p.

Recurrent InitiativesSkills and Knowledge 20.0 127.9 152.5 183.4 211.9 695.7Jobs and Growth 29.5 265.2 269.6 248.6 248.8 1 061.7Health and Wellbeing 1.5 65.1 80.0 100.5 101.1 348.1World Class Transport 0.6 32.4 49.4 40.8 52.2 175.4A Safe and Just Society 20.0 72.3 84.4 100.4 118.5 395.7Sustainable and Liveable Communities .. 26.0 33.4 39.1 34.2 132.6Backing Rural and Regional Victoria .. 125.0 125.0 125.0 125.0 500.0Total Recurrent Initiatives 71.6 713.9 794.3 837.8 891.6 3 309.1Less savings and efficiencies .. 72.0 83.7 90.6 88.2 334.5Less reprioritisations 31.4 291.9 189.7 166.3 125.2 804.5Less existing funds in forward estimates .. 151.5 163.5 198.5 199.5 713.0Less draw-down on output contingencies 40.2 198.5 357.4 382.4 478.7 1 457.1Subtotal 71.6 713.9 794.3 837.8 891.6 3 309.1Net Recurrent Initiatives .. .. .. .. .. ..

Labor's Operating Surplus 1 092.4 2 294.4 2 679.6 2 965.2 n.p

Capital FundingPEBU Unallocated Capital Provision (1) 300.0 523.3 809.9 1 004.0Estimated TEI for new capital expenditure (2) 1 071.0 797.2 1 023.0 1 153.4 4 044.6

Asset contingency (3) 7 220.0

Capital Commitments funded from estimated TEI TEI ($m)Skills and Knowledge 898.0Jobs and Growth 26.2Health and Wellbeing 702.5World Class Transport 1 937.2A Safe and Just Society 66.7Sustainable and Liveable Communities 147.5Total Capital Commitment 3 778.1

Capital commitments to be funded from asset contingencyRail Enhancement Priorities 2 400 - 3 000

Contingent liabilities (4)

Victoria's share of Commonwealth infrastructure funding (5) 3 000.0

East-West Link - Eastern Section see note 6

Paramedics' work-value case see note 7

(1) Average cash flow plus conservative bias assumed in 2018-19(2) TEI derived from DTF's average expenditure profile of projects.

n.p. Not published in PEBU

Note: Totals may not add exactly due to rounding.

(3) As per 'decisions taken but not yet allocated' - PEBU page 59.

(5) Status of Commonwealth contribution for East West Link subject to negotiation with the Abbott Government on timing, alternative projects, GST offsets and shared liability.(6) As per PEBU page 69, the side-letter associated with the East-West link - Stage 1 is unable to be quantified.

(7) Adequate contingency has been set aside to fund the outcome of the paramedics' work-value case. However, due to independent arbitration the exact amount has not yet been determined.

(4) Adequate provision for capital and recurrent contingent liabilities has been identified within existing asset and ouput contingencies.

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RECURRENT FUNDING COMMITMENT ($m)Skills and Knowledge 2014-15 2015-16 2016-17 2017-18 2018-19 Total Tech schools - program component .. 1.00 1.02 11.53 11.82 25.37 Car registration discounts for trades apprentices .. 6.39 6.54 6.71 6.88 26.52Community service obligation funding for TAFEs 20.00 50.00 50.00 50.00 50.00 220.00

Affordable school uniforms .. 3.95 3.90 3.90 3.90 15.65 Mentoring program .. 1.30 0.30 .. .. 1.60 Glasses for kids .. 0.12 0.12 0.12 0.12 0.48 School breakfast clubs .. 1.50 3.20 4.50 4.50 13.70 Camps, sports and excursions .. 36.30 36.70 37.30 38.00 148.30Local Learning and Employment Networks (LLENS) .. 8.00 8.00 8.00 8.00 32.00

Doctors in schools .. .. 3.34 6.91 14.30 24.55John Monash Scholarship .. 0.50 0.50 0.50 0.50 2.00Young Farmer Scholarships .. 0.13 0.13 0.13 0.13 0.50Safe Schools Coalition Victoria expansion .. 0.24 0.25 0.27 0.28 1.04Build and upgrade kinders .. 5.00 10.00 15.00 20.00 50.00

Establish the Victorian Skills Commissioner .. 2.00 2.00 2.00 2.00 8.00Independent school capital works .. 10.00 25.00 35.00 50.00 120.00Music in schools .. 0.50 0.50 0.50 0.50 2.00International student welfare grants .. 1.00 1.00 1.00 1.00 4.00

Sub total 20.00 127.92 152.50 183.37 211.93 695.71

Jobs and Growth 2014-15 2015-16 2016-17 2017-18 2018-19 Total Back to Work Act .. 50.00 50.00 .. .. 100.00 Premier’s Jobs and Investment Panel (including Start-up Victoria) 8.00 110.00 110.00 140.00 140.00 508.00 Future Industries Fund (including New Energy Jobs Fund) .. 50.00 50.00 50.00 50.00 200.00 Introduce inbound trade missions .. 3.00 3.00 3.00 3.00 12.00 Expand Victorian Government Business Office program .. 1.44 1.47 1.51 1.55 5.97 Parliamentary Budget Office .. .. 4.40 3.30 3.30 11.00China and India Scholarship Program .. 1.00 .. .. .. 1.00Melbourne's North Innovation and Investment Fund 10.50 .. .. .. .. 10.50Newstead solar .. .. 0.10 0.10 .. 0.20Macedon solar .. .. 0.10 .. .. 0.10Establish Infrastructure Victoria 10.00 10.00 10.00 10.00 10.00 50.00Engaging with the mining sector 1.00 .. .. .. .. 1.00

Establish Projects Victoria .. 2.50 2.50 2.50 2.50 10.00 TAC International .. .. .. 0.50 .. 0.50 Make Grand Final Friday a public holiday .. 22.04 22.59 23.15 23.73 91.51 Make Easter Sunday a public holiday .. 11.02 11.29 11.58 11.87 45.76Music Works .. 3.15 3.15 3.00 2.88 12.18Ethical clothing .. 1.00 1.00 .. .. 2.00

Sub total 29.50 265.15 269.60 248.64 248.83 1 061.72

Health and Wellbeing 2014-15 2015-16 2016-17 2017-18 2018-19 Total Restore funding for the whooping cough vaccine .. 2.00 2.10 2.10 2.20 8.40 1000 public access defibrillators .. 0.65 0.67 0.69 0.71 2.72Hospital beds rescue fund .. 50.00 50.00 50.00 50.00 200.00Response time rescue fund - new program funding .. .. 10.00 25.00 25.00 60.0024/7 Super Pharmacies .. 2.43 5.04 10.42 10.78 28.67Support services for paramedics .. 0.31 0.33 0.34 0.35 1.33

National Centre for Farmer Health .. 1.00 1.00 1.00 1.00 4.00 WorkSafe Package .. .. 2.11 2.17 2.23 6.51 Social inclusion mental health support services .. 1.20 1.23 1.26 1.29 4.98 SunSmart - new program funding .. 1.25 1.25 1.25 1.25 5.00Reopen the Hazelwood Mine Fire inquiry 1.50 .. .. .. .. 1.50Genomic testing .. 6.25 6.25 6.25 6.25 25.00

Sub total 1.50 65.09 79.98 100.48 101.06 348.11

RECURRENT FUNDING COMMITMENTS ($m)

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World Class Transport 2014-15 2015-16 2016-17 2017-18 2018-19 Total HomeSafe – 24 hour public transport on weekends .. 25.00 25.00 .. .. 50.00Grant for VTA Logistics cadetship program .. .. .. 1.00 .. 1.00Geelong Ring Road extension - planning .. .. .. 4.00 .. 4.00

Romsey intersection - planning .. .. 0.20 .. .. 0.20Bus package .. 5.00 20.00 25.00 35.00 85.00

Hardship support for taxi licence owners .. 1.00 1.00 1.00 1.00 4.00 Bendigo Metro Rail .. 0.27 0.56 0.58 0.59 2.00Rolling Stock - Stage 1 - operating component .. .. 0.36 6.86 13.17 20.39

Expanding public transport concessions for veterans 0.56 1.14 1.20 1.26 1.32 5.47 Active Transport Victoria .. .. 1.10 1.10 1.10 3.30

Sub total 0.56 32.41 49.42 40.80 52.18 175.36

A Safe and Just Society 2014-15 2015-16 2016-17 2017-18 2018-19 Total450 new fire fighters .. 13.20 26.40 42.70 59.00 141.30Additional police resources - operating component .. 23.23 37.81 38.09 39.43 138.56

Support for fire fighters with PTSD .. .. 0.10 0.10 .. 0.20Presumptive rights for fire fighters .. .. 12.90 13.30 13.80 40.00

Funding for children's services .. 2.50 .. .. .. 2.50Support services for women .. 2.50 .. .. .. 2.50

Boost to Domestic Violence Victoria .. 0.36 0.36 0.36 0.36 1.44Pet Welfare .. 0.03 0.03 0.03 0.03 0.10

Family Violence duty lawyers at community legal centres .. 1.20 .. .. .. 1.20Men's behaviour change program .. 0.50 .. .. .. 0.50

Family violence personal safety .. 0.90 .. .. .. 0.90Coroners Court Death Review Unit .. 0.30 0.30 0.30 0.30 1.20Victorian Court Safety Audit .. 0.08 .. .. .. 0.08Family Violence Royal Commission 20.00 20.00 .. .. .. 40.00

Crack down on puppy farms .. 2.00 1.00 1.00 1.00 5.00Ballarat Centre Against Sexual Assault .. 0.13 0.13 0.13 0.13 0.50

Community ice action groups .. 0.13 0.13 0.13 0.13 0.50Office of the Public Access Commissioner .. 3.00 3.00 3.00 3.00 12.00Law Handbook .. 0.05 0.05 0.05 0.05 0.20Community Legal Centre Assistance Fund .. 1.00 1.00 .. .. 2.00Emergency Medical Response expansion .. 1.25 1.25 1.25 1.25 5.00

Sub total 20.00 72.34 84.45 100.43 118.47 395.68

Sustainable and Liveable Communities 2014-15 2015-16 2016-17 2017-18 2018-19 TotalCommunity Sports Infrastructure Fund (including female facilities) .. 20.00 25.00 30.00 25.00 100.00Beth Weizmann Centre security enhancements 0.50 .. .. .. 0.50Indian Cultural Precinct .. .. 0.50 .. .. 0.50

Grant to Country Women’s Association .. .. .. 0.05 .. 0.05Audit of Victorian heritage buildings .. 0.15 .. .. .. 0.15Gatwick Hotel funding .. 0.15 0.15 0.15 0.15 0.60Simonds Stadium - operational costs .. 1.00 1.10 1.30 1.40 4.80Homes for Homes .. .. 0.50 .. .. 0.50Rooming House upgrade program .. .. 2.00 4.00 4.00 10.00Long Tan Anniversary Parade .. 0.50 0.50 .. .. 1.00Veterans Welfare Grants .. 0.10 0.10 0.10 0.10 0.40Endeavour Hills Community Precinct grant .. 0.05 .. .. .. 0.05Phase out commercial netting in the bay (first four years) 2.50 2.50 2.50 2.50 10.00Multicultural grants (including school security) .. 1.00 1.00 1.00 1.00 4.00

Sub total .. 25.95 33.35 39.10 34.15 132.55

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Backing Rural and Regional Victoria* 2014-15 2015-16 2016-17 2017-18 2018-19 Total

Regional Infrastructure Fund 62.50 62.50 62.50 62.50 250.00Ballarat Station Redevelopment 25.00Harcourt Mountain Bike Trail 1.00Euroa Saleyards 0.50Wangaratta Saleyards 0.50Geelong Performing Arts Centre 30.00Gippsland Logistics Precinct 10.00Sovereign Hill by Night 8.00Grampians Peak Trail 19.00Eureka Stadium and other Ballarat sporting infrastructure 31.50Bendigo Aspire Project 5.00Ararat Arts Precinct Development 3.70Wallan Town Centre 1.50Wedderburn Streetscaping 0.50Leopold Hub 3.00

Total committed 139.20

Regional Jobs Fund 50.00 50.00 50.00 50.00 200.00Food Source Victoria 5.00 5.00 5.00 5.00 20.00Victorian Defence Procurement Office 1.25 1.25 1.25 1.25 5.00Frewstal Lamb and Sheep Processing 0.50Wine Victoria Strategies 1.00LaTrobe Valley clinic 1.00Stawell particle physics laboratory 1.75Geelong Regional Innovation and Investment Fund 7.50VACC LPG Industry study 0.06Manufacturing hub in Geelong 3.00

Horticultural Research Foundation 1.00Total committed 40.81

Stronger Regional Communities Fund 12.50 12.50 12.50 12.50 50.00 Victorian Open Golf Tournament 1.40Regional Community Leadership Program 2.00 2.00 2.00 2.00 8.00Support for Regional Planning 1.50Stawell Gift 0.60Passions and Pathways 0.15Career Horizons 0.30Rural Councils Victoria 3.50Wandong/Wallan/Heathcote Rail trail 0.15Go Goldfields 2.00Ararat Freight and Logistics feasibility study 0.10

Total committed 17.70

Sub total .. 125.00 125.00 125.00 125.00 500.00

RECURRENT FUNDING COMMITMENTS ($m) - continued RECURRENT FUNDING COMMITMENTS ($m) - continued

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REPRIORITISATIONS AND DEFERRALS

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Saving lives on our Roads 2014-15 2015-16 2016-17 2017-18 2018-19 TotalCrash and Trauma Education Centre .. 8.23 8.44 8.65 8.86 34.18Free licences for young drivers .. 1.70 1.79 1.69 1.80 6.98Practical driver training for Year 10s .. 6.17 6.11 6.01 6.14 24.43Renew the L2P program .. 4.00 4.00 4.00 4.00 16.00Youth Road Safety Grants .. 0.40 0.40 0.40 0.40 1.60Youth Road Safety Communication Fund .. 0.50 0.50 0.50 0.50 2.00

Sub total .. 21.00 21.24 21.25 21.70 85.19Funding from the Transport Accident Commission .. 21.00 21.24 21.25 21.70 85.19

Net impact .. .. .. .. .. ..

Total 71.56 713.86 794.29 837.81 891.61 3,309.12

Savings & efficiencies 2014-15 2015-16 2016-17 2017-18 2018-19 TotalMore efficient government car fleet arrangements .. 9.30 11.00 12.70 5.10 38.10Reduce government travel expenses .. 0.40 0.40 0.40 0.40 1.60Reduce the number of executive officers .. 8.70 10.40 10.40 10.40 39.90Reduce the use of labour hire firms .. 7.40 7.40 7.40 7.40 29.60Implement electronic purchasing across the VPS .. 2.00 10.20 15.40 20.50 48.10

Cease producing hard-copy government reports for tabling in Parliament .. 1.10 1.10 1.10 1.10 4.40Disband the Construction Code Compliance Unit .. 2.00 2.10 2.10 2.20 8.40Freedom of Information Commissioner 2.70 2.70 2.70 2.70 10.80

Abolish taxpayer funded political advertising .. 38.40 38.40 38.40 38.40 153.60Sub total .. 72.00 83.70 90.60 88.20 334.50

Reprioritisations 2014-15 2015-16 2016-17 2017-18 2018-19 Total Reform industry and innovation policy .. 162.00 162.00 142.00 142.00 608.002014 PEBU initiatives being replaced by alternative Labor policy 9.70 12.60 6.10 5.60 .. 34.00

Reprioritise PEBU initiatives 21.70 73.70 17.10 12.10 .. 124.60Reprioritise 2014-15 budget initiatives .. 24.60 6.60 6.70 .. 37.90Programs deferred pending outcome of Family Violence Royal Commission .. 19.00 ( 2.10) ( 0.10) ( 16.80) ..

Sub total 31.40 291.90 189.70 166.30 125.20 804.50

Existing funds in forward estimates 2014-15 2015-16 2016-17 2017-18 2018-19 TotalRegional Growth Fund .. 125.00 125.00 125.00 125.00 500.00Victorian Property Fund .. 5.00 8.00 22.00 22.00 57.00Recreational Fishing Licence Fund 2.50 2.50 2.50 2.50 10.00Community Support Fund .. 19.00 28.00 49.00 50.00 146.00

Sub total .. 151.50 163.50 198.50 199.50 713.00

Total 31.40 515.40 436.90 455.40 412.90 1 852.00

Net Impact 40.16 198.46 357.39 382.41 478.71 1,457.12

* Cash flows subject to finalisation of project milestones.

Note: Totals may not add exactly due to rounding.

RECURRENT FUNDING COMMITMENTS ($m) - continued REPRIORITISATIONS AND DEFERRALS ($m)

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Deferred pending recommendations of Family Violence Royal Commission 2014-15 2015-16 2016-17 2017-18 2018-19Education pilot for children impacted by family violence 0.50 1.00 0.50 .. ..

Crisis accommodation support for women and children .. 1.00 1.00 1.10 ..Enhanced access to support services 1.00 2.30 1.20 3.30 ..

Individualised responses for Aboriginal people .. 0.60 0.60 0.60 .. Multi‑Disciplinary Centres – expanding the scope to include family violence .. 0.60 0.60 0.60 ..Multi‑Disciplinary Centres – new centre .. 1.80 1.80 1.80 ..

Performance framework and monitoring 0.70 0.70 0.70 0.70 ..Proven prevention and local coordination 1.20 4.30 4.30 3.10 ..

Statewide behaviour change campaign 3.00 3.00 2.50 2.00 .. Crime prevention initiatives .. 2.40 2.40 2.40 .. Evaluation of justice‑related family violence responses 0.30 0.40 0.40 0.30 .. Targeted programs for offenders in correctional settings .. 0.90 0.90 0.90 .. PEBU funding profile 6.70 19.00 16.90 16.80 .. Post Royal Commission funding profile 6.70 .. 19.00 16.90 16.80Net impact .. 19.00 ( 2.10) ( 0.10) ( 16.80)

2014 PEBU initiatives being replaced by alternative Labor policy 2014-15 2015-16 2016-17 2017-18 2018-19Family violenceFlexible post‑crisis responses for women and children .. 3.80 .. .. ..Legal Aid expansion .. 1.60 .. .. ..

Coroners Court family violence review expansion .. 0.20 0.20 0.20 ..Ice strategyIce crime prevention grants 0.60 0.70 0.40 0.20 ..Community education forums 0.70 0.70 0.70 0.70 ..

Jobs in the 21st Century Victorian Government Business Offices 0.40 1.10 0.50 0.50 .. Inbound and outbound trade mission program 3.00 3.00 3.00 3.00 ..Other Simonds Stadium 5.00 .. .. .. .. Building on reform of illegal puppy and kitten farms .. 1.50 1.30 1.00 ..Total 9.70 12.60 6.10 5.60 ..

2014 PEBU initiatives to be reprioritised 2014-15 2015-16 2016-17 2017-18 2018-19Jobs in the 21st century International and domestic engagement 1.20 0.60 0.60 0.60 .. Skills of the Future Fund 7.50 .. .. .. ..Automotive supply chain support program 2.00 2.00 .. .. ..

Manufacturing, Innovation and Technology Fund 5.00 5.00 10.00 10.00 .. Victorian Industry Participation Officers 1.00 1.00 1.00 1.00 .. More Decisions Support: Your Future Your Choice 0.50 1.00 1.00 0.50 ..Other Resourcing schools to raise performance .. 59.60 .. .. .. Independent public schools 4.50 4.50 4.50 .. ..Total 21.70 73.70 17.10 12.10 ..

2014-15 budget initiatives to be reprioritised 2014-15 2015-16 2016-17 2017-18 2018-19 Urban fringe weed management .. 1.00 1.00 1.00 .. Mode shift incentive scheme .. 5.00 5.00 5.00 ..Victorian Design Review Panel .. 0.60 0.60 0.70 ..

Strategic sporting infrastructure program .. 18.00 .. .. ..Total .. 24.60 6.60 6.70 ..

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CAPITAL FUNDING COMMITMENTSPage 1 of 1

CAPITAL FUNDING COMMITMENT ($m TEI)

Skills and KnowledgeSchool Capital package 510.00Extra school capital 20.00Tech schools - capital component 100.00TAFE capital fund 100.00

State Library redevelopment 50.00School asbestos removal program 100.00Doctors in schools 18.00

Sub total 898.00

Jobs and GrowthPortarlington Safe Harbour 12.00Save Sunvale Primary site 4.20Contemporary Music Hub 10.00

Sub total 26.20

Health and WellbeingWestern Women's and Children's Hospital 200.00Victorian Heart Hospital 150.00Moorabbin Hospital imaging and outpatients expansion 16.15Ballarat Health Cardiovascular Services 10.00

Casey Hospital expansion 106.30Angliss ICU and Short Stay Unit 20.00Orygen Youth Mental Health 60.00SunSmart - capital component 10.00Health Service Violence Prevention Fund 20.00Aikenhead biomedical engineering 60.00

Maroondah Breast Cancer Centre 10.00Ambulance branch upgrades 20.00Ambulance vehicles and equipment 20.00

Sub total 702.45

World Class TransportMetro rolling stock - Stage 1 310.00

Regional rolling stock - Stage 1 40.00Melbourne Metro - planning and early works 300.00West Gate Distributor 500.00

Streamlining Hoddle St 60.00Railway station car parking fund 20.00Bus package - capital component 15.00

Chandler Hwy Bridge duplication 110.00Bolton St Eltham upgrade 10.50Thompsons Rd duplication 175.00

Napier St Bendigo upgrade 17.22Road and Rail minor works fund 80.00

Huntingdale Bus Interchange - state contribution 4.80Frankston Station precinct redevelopment 50.00Drysdale Bypass construction 109.00

Yan Yean Rd duplication 95.00O'Herns Rd upgrade - state contribution 40.70

Sub total 1 937.22

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A Safe and Just SocietyMernda Police Station 15.00

Police communications upgrade 10.00Huntly Fire Station 3.70

Morwell Fire Station - additional funding 3.00CFA and SES capital grants 6.00

Additional police resources - capital component 10.00CFA trucks 18.00CFA amenities grants 1.00

Sub total 66.70

Saving lives on our RoadsCrash and Trauma Education Centre 45.88New booze buses 15.00

Sub total 60.88Funding from the Transport Accident Commission 60.88

Net impact ..

Sustainable and Liveable Communities Better Infrastructure for national parks 5.00Junction Oval redevelopment 25.00Simonds Stadium 70.00Inner city netball 9.60Chinese aged care land bank 2.50Save the Palais 13.40Better Fishing Facilities 10.00Golf Centre of Excellence 10.00Canadian State Park 2.00

Sub total 147.50

Total 3 778.07

Rail Enhancement PrioritiesLevel Crossing Removal Program - Stage 1 2 000 - 2 400Mernda Rail extension 400 - 600

Sub Total 2 400 - 3 000

Guaranteed funding from the BRVRegional Roads Fund - stage 1 500.00Outer-suburban Roads Fund - stage 1 500.00

Sub Total 1 000.00

CAPITAL FUNDING COMMITMENTS TEI ($m) CAPITAL FUNDING COMMITMENTS - continued TEI ($m)

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ACRONYMSPEBU Pre-election budget update

BRV Better Roads Victoria trust account

TEI Total estimated investment

SES State Emergency Service

CFA Country Fire Authority

ICU Intensive care unit

DTF Department of Treasury and Finance

VTA Victorian Transport Association

PTSD Post traumatic stress disorder

VACC Victorian Automobile Chamber of Commerce

VPS Victorian Public Service

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