[adning id=”12070″]

[adning id=”12070″]

Nation gets $7.5bn transport infrastructure facelift

A $7.5 billion new investment in national transport infrastructure will boost the national economy, deliver safer roads and create thousands of jobs as part of the Federal Coalition’s COVID-19 economic recovery plan.

The funding to be delivered in Tuesday’s Budget builds on a series of infrastructure investments from the Commonwealth in responding to the COVID-19 pandemic which now total more than $11.3 billion.

There will be key investments across all states and territories including:

  • $560 million for the Singleton Bypass on the New England Highway in New South Wales;
  • $528 million for the Shepparton and Warrnambool Rail Line Upgrades in Victoria;
  • $750 million for Stage 1 of the Coomera Connector (Coomera to Nerang) in Queensland;
  • $88 million for the Reid Highway Interchange with West Swan Road in Western Australia;
  • $200 million for the Hahndorf Township Improvements and Access Upgrade in South Australia;
  • $150 million for the Midway Point Causeway (including McGees Bridge) and Sorell Causeway as part of the Hobart to Sorell Roads of Strategic Importance corridor in Tasmania;
  • $120 million to upgrade the Carpentaria Highway in the Northern Territory; and
  • $88 million for the Molonglo River Bridge in the ACT.

Prime Minister Scott Morrison said Tuesday’s Federal Budget would deliver funding for infrastructure which supports the Government’s JobMaker plan and helps the nation recover from COVID-19.

“We have been working closely with state and territory governments to invest in the infrastructure that is ready to go and can help rebuild our economy and create more jobs,” the Prime Minister said.

“These projects will keep commuters safe on the road, get people home to their loved ones sooner and provide better transport links for urban and regional communities.

“As part of the COVID-19 economic recovery plan we have invested an additional $11.3 billion focused on shovel-ready projects across the country.

“This investment through Tuesday’s Budget will boost the national economy and is part of our plan to support an estimated 30,000 direct and indirect jobs across the nation.”

Treasurer Josh Frydenberg said the Government is focused on creating jobs and rebuilding our economy.

“Infrastructure helps to create jobs and to get people where they want to go sooner and safer,” the Treasurer said.

“These commitments will help to get the economy moving.”

Deputy Prime Minister and Minister for Infrastructure, Transport and Regional Development Michael McCormack said the Government is focused on delivering priorities and boosting local jobs as part of Australia’s road to recovery.

“We will draw on local businesses to stimulate local economies through these projects,” the Deputy Prime Minister said.

“Infrastructure means jobs, it means livelihoods, it means stronger local communities and it means building a better and more secure future for our nation.”

Minister for Population, Cities and Urban Infrastructure Alan Tudge said the Government was driving the delivery of major infrastructure projects to map the economic road back from the pandemic, building the economy and providing certainty for business over the long term.

“These new investments lock in billions across our infrastructure pipeline over 10 years,” Minister Tudge said.

“We will continue to invest in the key priority projects which help drive the economy and create jobs across our states and territories.”

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on email
Email
Share on print
Print

Leave a Comment

Your email address will not be published. Required fields are marked *

SUBSCRIBE FREE
SME NEWS BRIEFS

Get breaking news delivered
  • This field is for validation purposes and should be left unchanged.

RECEIVE GOVT GRANT OF $10K to $250K*.

Austrade Approved Business Events
AVAILABLE NOW APPLY BEFORE 30th MARCH 2021 (Condition apply)

  • ABF Events are approved and listed below have been certified by Austrade on the Schedule of Approved Business Events.
  • This allows exhibitors, sponsors, delegates and partners to participate in the Business Events Grant Program. Note event bookings need to be confirmed ASAP to participate in the grant program
  • The program provides 50% rebate (based on a minimum spend of $20k) for approved items including ABF event-media packages, exhibition stands, corporate function tables, delegate registrations.
  • Govt Grant applications are now open until the 30 March. Please contact ABF to discuss how we can assist, we have experts to assist grant applications.
  • Grant funding will cover up to 50% of eligible expenditure incurred in participating at pre-approved business-to-business events as buyers or sellers during the 2021 calendar year.  All grant applications must be submitted for approval via the following link: https://business.gov.au/grants-and-programs/business-events-grants
  • For further information please see this fact sheet.