Federal Budget supports Victoria's recovery plan

Victoria continues to benefit from the Liberal and Nationals Government’s record infrastructure investment, with funding for major new projects to be announced in this week’s 2021-22 Budget, securing Australia’s recovery. 

Key projects to be funded include:

  • $2 billion for initial investment in a new Melbourne Intermodal Terminal;
  • An additional $307 million for the Pakenham Roads Upgrade;
  • An additional $203.4 million for the Monash Roads Upgrade;
  • An additional $20 million for the Green Triangle and $15 million for the Melbourne to Mildura Roads of Strategic Importance corridors;
  • An additional $56.8 million for the Hall Road Upgrade;
  • An additional $30.4 million for the Western Port Highway Upgrade;
  • $17.5 million for the Dairy Supply Chain Road Upgrades; and
  • $10 million for the Mallacoota-Genoa Road Upgrade.

Prime Minister Scott Morrison said these projects will make Victorian roads safer, reduce travel times and support thousands of jobs across the state.

“From building the intermodal Melbourne needs for a better future for freight and productivity, to improving the key road connections in the outer suburbs and regional areas - these projects will support more than 3,000 direct and indirect jobs across Victoria,” Prime Minister Morrison said.

“Our record funding commitment is creating jobs, boosting business investment, while securing Australia’s COVID recovery.”

Deputy Prime Minister and Minister for Infrastructure, Transport and Regional Development Michael McCormack said the substantial injection of funding delivered in this year’s Budget is a key plank of the Government’s plan to help Australia bounce back stronger than ever from the COVID-19 pandemic.

“Our $2 billion investment in a new Melbourne Intermodal Terminal will transform the way freight moves, not just in Victoria but right across the country,” the Deputy Prime Minister said.

“The new Intermodal Terminal in Melbourne will create around 1,350 jobs during peak construction and a further 550 jobs during peak operation – that’s delivery in action.

“This Budget commits funding for various projects under key Roads of Strategic Importance initiatives on the Ballarat to Ouyen, Echuca to Robinvale, Green Triangle, Melbourne to Mildura, Stawell to South Australian border and Toowoomba to Seymour corridors.

“We are supporting Victorian workers and businesses to thrive in the post-pandemic future, backing them to lead the nation’s economic recovery.”

Treasurer Josh Frydenberg said the Government would make an initial investment of $2 billion to build a new intermodal terminal to meet the country’s future freight needs and to link up to the inland rail taking up to 5,500 trucks off Melbourne’s roads every day.

“Our record infrastructure investment not only creates jobs now, it also sets Australia up for the future,” the Treasurer said.

“An intermodal terminal in Melbourne will help to boost the productivity of the nation by helping businesses get their products to domestic and international markets faster following the completion of inland rail.”

Minister for Communications, Urban Infrastructure, Cities and the Arts Paul Fletcher said the Morrison Government will deliver a $510 million funding boost for two major infrastructure projects that will significantly improve congestion along a key commuter artery in south east Melbourne.

“An additional $307 million has been committed to the Pakenham Roads Upgrade project along with an additional $203.4 million allocated to the Monash Roads Upgrade project,” Minister Fletcher said.

“These projects will improve traffic flow at two sets of pinch points along the Monash Freeway, which build upon previous commitments and provide for more efficient, integrated delivery.”

The Australian Government looks forward to working constructively with the Victorian Government to deliver this infrastructure, supporting jobs and businesses right across Victoria.

For more information on investments in Victoria visit Infrastructure Investment Program

 

Victoria

     

New Projects

 

Total Australian Government Funding

($ million)

Total Funding

($ million)

Dairy Supply Chain Road Upgrades

 

17.5

34.9

Mallacoota-Genoa Road Upgrade

 

10.0

10.0

Monash Roads Upgrade

 

250.0

250.0

Outer Metropolitan Ring / E6 Corridor Detailed Business Case

10.0

20.0

Pakenham Roads Upgrade

 

380.0

380.0

Melbourne  Intermodal Terminal – Planning and Development

61.8

123.6

Melbourne Intermodal Terminal – Delivery

2,000.0

4,000.0

Total

 

2729.3

4818.5

 

 

 

 

Existing Projects Receiving Additional Funding

Additional Australian Government Funding

($ million)

Total Australian Government Funding

($ million)

Total Funding

($ million)

Commuter Car Park Upgrade

 

 

 

 

Belgrave/Lilydale Lines - Heathmont

3.9

18.9

18.9

 

Berwick Railway Station

49.2

64.2

64.2

 

Ferntree Gully

1.0

16.0

16.0

 

Frankston Line - Frankston

19.0

43.5

87.0

 

Ringwood

14.7

29.7

29.7

Forest Drive and Nepean Highway Intersection Upgrade

5.0

10.0

10.0

Green Triangle – Future Priorities

20.0

100.0

125.0

Hall Road Upgrade

56.8

141.3

282.5

Hume Freeway - O'Herns Road Interchange Upgrade

24.2

27.8

52.0

Melbourne to Mildura – Future Priorities

15.0

75.0

93.8

Plymouth Road Improvements

0.6

3.1

3.1

Princes Highway East

13.2

64.0

64.0

Princes Highway West

9.4

39.6

39.6

Uralla Road and Nepean Highway Intersection Upgrade

5.5

10.5

10.5

Western Port Highway Upgrade

30.4

57.5

115.0

Total

267.7

701.0

1,011.3

 

 

 

Total Australian Government Funding in 2021-22 Budget

$2.997 billion

         

 

 

 

Roads of Strategic Importance (ROSI) Allocations of Existing Funding

 

 

 

Total Australian Government Funding

($ million)

Total Funding

($ million)

Ballarat to Ouyen

   

 

Birchip-Rainbow Road - McLoughlans Road Intersection Upgrade

2.4

2.4

 

Scoping and Development

 

1.9

1.9

Echuca to Robinvale - Project Scoping

 

2.5

2.5

Green Triangle

 

 

 

 

Road Surface and Intersection Upgrades

 

7.4

7.4

 

Bridge Upgrades 

 

9.4

9.4

 

Scoping and Development

 

0.4

0.4

Melbourne to Mildura

 

 

 

 

Baileys Road Intersection, Sea Lake

 

3.0

3.0

 

Overtaking Lanes

 

12.5

12.5

 

Project Development and Preconstruction

 

4.4

4.4

 

Wide Centerline Treatment between Sunraysia Highway and Red Cliffs

 

2.8

3.8

Stawell to South Australian Border

 

 

 

 

Horsham Junction Upgrade

 

4.0

4.0

 

Nhill-Jeparit Road Intersection Upgrade

 

1.5

1.5

 

Project Scoping and Development

 

5.2

5.2

 

Seaby Street Intersection Upgrade

 

3.1

3.1

Toowoomba to Seymour - Victoria

 

 

 

 

Project Scoping and Development

 

3.0

3.0

 

Safety Barriers between Seymour and Shepparton

28.0

35.0

Total

 

91.5

98.5[1]

[1] Due to rounding, totals do not add.