The investment in infrastructure budget breakdown, here are the facts!
A record investment in infrastructure has been introduced as part of the 2021-22 Budget, with a goal to support and secure jobs, drive growth and help rebuild Australia’s economy from the COVID-19 pandemic.
This $110 billion, 10-year infrastructure pipeline forms part of our Economic Recovery Plan and will secure Australia’s world-leading economic recovery by delivering nation-building infrastructure projects, water security to inland Australia, meeting our national freight challenge and getting Australians home sooner and safer.
This includes an additional $15.2 billion in new commitments to infrastructure projects through the 2021-22 Budget, supporting an estimated 30,000 jobs across Australia.
Delivering the nation-building projects Australia needs
The Government is focusing on new commitments in major infrastructure projects right across the country, including:
- $2.0 billion for Great Western Highway Upgrade – Katoomba to Lithgow – Construction of East and West Sections in New South Wales;
- $2.0 billion investment to deliver a new Melbourne Intermodal Terminal
- $400.0 million for Bruce Highway Additional Funding in Queensland;
- $237.5 million for METRONET: Hamilton Street / Wharf Street Grade Separations and Elevation of Associated Stations in Western Australia;
- $161.6 million for the Truro Bypass in South Australia;
- $150.0 million for National Network Highway Upgrades (Phase 2) in the Northern Territory;
- $80.0 million for Bass Highway Safety and Freight Efficiency Upgrades in Tasmania; and
- $26.5 million for William Hovell Drive Duplication in the Australian Capital Territory.
Investment into programs also include:
- Life-Saving Road Safety Program
- Local Roads and Community Infrastructure Program
- New and augmented water infrastructure projects
- The Building Better Regions Fund
For the full article and break down of state by state budget and projects read here: https://minister.infrastructure.gov.au/mccormack/media-release/infrastructure-investment-securing-australias-economic-recovery