Latest Snapshot for the National Infrastructure Pipeline is now available

The latest Snapshot for the National Infrastructure Pipeline is now available.

The December 2025 update shows continued movement within the Pipeline, with more initiatives securing funding and progressing into delivery. Overall Pipeline value decreased slightly due to cost updates and project completions. Key changes since September 2025 include:

• Initiatives with committed funding or a funding source increased by $3.8 billion. Initiatives with committed funding or a confirmed funding source totalled $185 billion, up $3.8 billion from September. This includes $2.4 billion of initiatives that moved from having no confirmed funding source to having one in December.
• Fully funded initiatives increased by $3.6 billion. The value of initiatives reported as fully funded rose by $3.6 billion, including $3.3 billion from initiatives progressing through planning to gain firm funding commitment for completion.
• Initiatives under construction increased by $7.4 billion. Initiatives recorded as under construction totalled $68.4 billion, an increase of $7.4 billion since September, reflecting the total value of work currently being delivered.
• Total Pipeline value decreased by $7.4 billion to $268 billion. The value of initiatives without confirmed funding sources decreased by $11.2 billion, largely due to updated cost estimates. Together with $2.5 billion of completed initiatives exiting the Pipeline and other changes, the overall Pipeline value decreased from $275.1 billion in September to $267.7 billion in December.