Building the Australian Capital Territory's Transport Infrastructure for the 21st Century
BUDGET INFRA 05/2014
13 May 2014
Joint release with:
Minister for Infrastructure and Regional Development
The Abbott Government has made a record $292.7 million investment to build the infrastructure of the 21st Century for the Australian Capital Territory.
The funds provided in the 2014–15 Federal Budget are part of the Government's Economic Action Strategy to build a strong, prosperous economy, boost productivity and create thousands of new jobs.
The Australian Government's Infrastructure Investment Programme will provide economic benefits for the Australian Capital Territory.
Congestion in our towns and cities costs the economy billions of dollars every year in lost productivity.
Better roads means less congestion, faster travel times and lower fuel costs.
The Australian Government's investment in the Australian Capital Territory will also improve freight transport linkages to key domestic and export markets.
Australian Capital Territory projects include:
- Majura Parkway: Construction of an 11.5 kilometre, four lane dual carriageway road linking the Federal Highway with the Monaro Highway.
- Federal contribution: $111.1 million
$6.6 billion of new investment across Australia is being fast-tracked in the Budget to build much-needed economic infrastructure.
Funding will also continue over the next six years for road maintenance, with $2.5 billion for Roads to Recovery and $565 million for Black Spots projects, in addition to our new $300 million Bridges Renewal Programme.
The funds for the Australian Capital Territory are part of the Government's $50 billion infrastructure plan in the 2014–15 Budget.
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.