Big win for construction sector in Victorian state budget
The Master Builders industry association has welcomed the Victorian Government’s pledge of unprecedented funding levels for major construction in yesterday’s 2014-15 State Budget, saying it represents a big win for the construction sector and provides a pipeline of major projects that will secure 18,000 jobs
"The Napthine Government has unveiled an ambitious infrastructure agenda that will stimulate investment and drive new jobs into Victoria’s construction industry," Master Builders CEO Radley de Silva says.
"It is vital we build the infrastructure our growing state needs to enshrine Melbourne’s place as the world’s most world liveable city. Proceeds from years of prudent financial management can now be reinvested into the infrastructure projects our community needs and deserves."
The State Budget paves the way for up to $27 billion for new infrastructure projects, including:
- The Melbourne Metro Rail Project, including a rail link to Melbourne Airport, worth up to $11 billion
- Upgrades to the Cranbourne and Pakenham rail lines, featuring four level crossing upgrades, at a cost of up to $2.5 billion
- The next stage of works for the East West Link second stage between CityLink and the Western Ring Road, expected to cost up to $10 billion and support 3000 jobs at the peak of construction
- More lanes along the CityLink-Tullamarine corridor, worth $850 million
- The Princes Highway between Winchelsea and Colac will be duplicated along 37km of its length in a $362 million project set to support up to 250 jobs
- New schools to be constructed in Melbourne’s growth areas, worth $500 million
- Redeveloping the Latrobe Regional Hospital at a cost of $73 million.
"Our industry is excited to build these city-shaping major projects, which will provide long-term solutions for Victorians battling chaotic congestion or facing overcrowded trains," De Silva says. "Master Builders has been calling for the Victorian Government to address our state’s infrastructure backlog and it’s fantastic to see them stepping up to the plate to tackle this issue."
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