1. What we found
We consulted with the audited agencies and considered their views when reaching our conclusions. The agencies’ responses are in Appendix A.
Are agencies accepting our recommendations?
Acceptance rate
Responses to Performance Engagement Recommendations: Annual Status Update
Body
This limited assurance review assessed if public sector agencies are implementing our performance engagement recommendations in a timely way.
Appendix C. Scope of this audit
Click the link below to download a PDF copy of Appendix A. Submissions and comments.
Appendix B. Acronyms, abbreviations and glossary
Click the link below to download a PDF copy of Appendix A. Submissions and comments.
Appendix A. Submissions and comments
Click the link below to download a PDF copy of Appendix A. Submissions and comments.
2. Is the Metro Tunnel Project progressing as planned?
Conclusion
The tunnels and stations main works are currently progressing as planned and RPV and CYP’s systems for monitoring and achieving project requirements are effective.
However, the overall project is facing time and cost pressures and RPV has allocated almost all its MTP contingency funds. RPV has also descoped some MTP signalling works and wider network enhancements. RPV also needs to formalise agreements with precinct stakeholders to implement EMI mitigations before train testing starts in June 2023.
1. Audit context
The Metro Tunnel Project (MTP) is a $12.58 billion investment in Melbourne's passenger rail system. RPV is delivering the project. This report focuses on the main works package, which includes the twin tunnels, 5 new underground stations and other relevant construction.
CYP is delivering the design and construction of the tunnels and stations works package under a public–private partnership (PPP) contract signed with the state in December 2017 for $5.08 billion. The amended contract signed in December 2020 resulted in the state committing to pay up to an extra $1.37 billion.
Appendix A. Acronyms and abbreviations
Click the link below to download a PDF copy of Appendix A. Acronyms and abbreviations.
3. Financial audit work program
We deliver a range of attest services to public sector agencies. We conduct financial audits in accordance with the Australian Auditing Standards and relevant professional and legislative requirements.
2. Performance audit work program
As part of our performance audit work program, we plan to deliver 19 performance engagements in 2022‒23 and 18 in 2023‒24. In addition to the performance engagements set out in this section we also plan to deliver annually recurring limited assurance reviews and associated dashboards: