Building Australia's Transport Infrastructure for the 21stÂ Century
BUDGET INFRA 01/2014
13 May 2014
Joint release with:
Minister for Infrastructure and Regional Development
The Abbott Government has delivered a record $50 billion investment in the Budget to build the infrastructure of the 21st century.
Delivering modern infrastructure is a crucial part of the Government's Economic Action Strategy to boost economic growth and prosperity, increase productivity and create thousands of new jobs.
Building better roads will make it easier for freight to move around our cities and our states. It also helps cut fuel costs and reduces travel times for commuters so they can spend more time with their families.
The record investment will support more than $125 billion of construction activity as part of the Government's Infrastructure Investment Programme.
Key projects include:
- Bruce Highway (QLD): 45 new projects or programmes of works on the Bruce Highway, plus funding to complete 16 ongoing projects through the 10 year Fix the Bruce Highway plan to improve the safety and reliability of the Highway for all users.
- Federal contribution: $6.7 billion
- Pacific Highway duplication (NSW): Completion of the upgrade of the Pacific Highway to a dual carriageway by the end of the decade.
- Federal contribution: $5.64 billion
- East West Link (VIC):Â Construction of the Eastern Section (Stage 1) of the East West Link from Eastern Freeway in Clifton Hill to CityLink in Parkville (approximately 6 kilometres) and acceleration of delivery of the Western Section (Stage 2) from the Port of Melbourne to the Western Ring Road in Sunshine West
- Federal contribution: $3 billion
- North South Corridor Adelaide (SA): Darlington upgrade of South Road between the Southern Expressway and Sturt Road to expressway standard, with grade separations at Flinders Drive and Sturt Road and an interchange connection with the Southern Expressway and also to complete the Torrens Road to River Torrens project
- Federal contribution: $944 million
- Gateway (WA): A major upgrade of the roads around Perth Airport, in particular, around the southern access to the airport, including widening and new and upgraded interchanges on the Tonkin and Leach Highways.
- Federal contribution: $611.4 million in addition to the $63.6 million already provided
- Midland Highway (TAS): Upgrades to improve the safety and efficiency and facilitate forecast increase in freight and passenger movements.
- Federal contribution: $400 million
- Majura Parkway (ACT): Construction of an 11.5 kilometre, four lane dual carriageway road linking the Federal Highway with the Monaro Highway.
- Federal contribution: $111.1 million
- Northern Territory Roads Package: Strengthening and widening of road pavements, flood immunity improvements and fatigue management measures such as upgrading rest areas and intersection improvements.
- Federal contribution: $77 million
An additional $6.6 billion of new investment is being fast-tracked in the Budget to build much-needed economic infrastructure that will create more jobs, productivity enhancements and other economic benefits.
By working with state and territory governments on new financing and delivery arrangements for projects like WestConnex in Western Sydney, we can invest in more infrastructure and build it faster.
Funding will also continue over the next six years for road maintenance, $2.5 billion for Roads to Recovery and $565 million for Black Spots, in addition to our new $300 million Bridges Renewal Programme.
The Abbott Government's record investment is welcome news for motorists and freight transporters because transport infrastructure is essential to the prosperity of our national economy.
The new Infrastructure Investment Programme will deliver $40.8 billion between 2013–14 and 2018–19, with a further commitment of $4.5 billion budgeted for 2019–20 onwards.
Despite the Budget mess left by Labor, the Abbott Government is embarking on a significant platform of projects to drive economic growth, slash travel times in our major cities and create thousands of jobs for a more productive future.