The latest Budget has allocated $16.5 billion for new and existing infrastructure projects over the next 10 years
The latest federal Budget announced a provision of $16.5 billion for new and existing projects across Australia over the next 10 years.
Of this total, $4.6 billion will be invested in 69 new projects, including:
- $1.9 billion for Western Sydney road and rail infrastructure
- $300 million for Metronet to deliver a capacity signalling program in Western Australia
- $177 million to deliver bridge and intersection upgrades along the Warrego Highway in Queensland
- $80 million to upgrade the Lyell Highway between Granton and New Norfolk in Tasmania
- $120 million for the Princes Highway to deliver interchange upgrades at Mount Barker and Verdun in South Australia
- $50 million to plan for Stage 2B of the Canberra Light Rail
- $12 million for the Bridgewater Road and Portland Ring Road intersection upgrade in Victoria.
This also includes $540 million to improve the reliability of the Australian Rail Track Corporation’s interstate freight rail network, including $150 million to upgrade the Maroona to Portland Line in Victoria.
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The government is also investing $10.1 billion into current projects, including an additional:
- $3.25 billion for North East Link in Victoria
- $1.4 billion for Metronet projects in Western Australia
- $1.15 billion towards the Direct Sunshine Coast Rail Line in Queensland
- $50 million to ensure the delivery of the existing Appin Road project in New South Wales
- $27.1 million to deliver the duplication of William Hovell Drive in the ACT.
To support the enabling infrastructure for housing, the Budget also makes available $1 billion for states and territories to deliver enabling infrastructure through the Housing Support Program – Priority Works Stream.
Funding under the Black Spot Program for increased road safety will increase from the current commitment of $110 million to $150 million per year.
To ease the administrative burden on applicants, the government has merged the Heavy Vehicle Safety and Productivity Program and the Bridges Renewal Program into a new Safer Local Roads and Infrastructure Program with at least $200 million available each year.