Over $100 Billion Allocated for Infrastructure Construction, Upgrades and Redevelopment

Over the next ten years the Federal Government has pledged $100 Billion Dollars for infrastructure investment, alongside the state investment the figure increases to well over $100 billion.

So Where's this money going to be spent? In short: Roads and Rail.

 

Road Infrastructure Investment:

• $3 billion for the Urban Congestion Fund, this now sits at $4billion including previous investment.

• $2.2 billion Road Safety Package

• $1 billion Roads to Recovery program, 

• $1 billion for the next phase of the Roads of Strategic Importance initiative

• $2.6 billion for the Queensland Gateway

• $1 billion for the upgrades Princes Highway

• $1.14 billion towards Melbourne's suburban road upgrades

• $275 million towards the Bridges Renewal Program

• $550 million for the Black Spot Program

• $2.2 billion for the Road Safety and Upgrade Package

• $275 million towards the Heavy Vehicle Safety

• $275 million towards the Productivity Program 

• $500 million for a National Commuter Car Park Fund

• $1.6 billion towards Perth rail infrastructure and Tonkin Highway

 

Rail Infrastructure Investment:

• $2 billion for fast rail from Melbourne to Geelong

• Funds allocated for the National Faster Rail Agency

• Work is underway to develop fast-rail corridors in other areas including: Sydney to Wollongong, Newcastle, Bathurst, Orange and Parkes. Brisbane to the Sunshine Coast and Gold Coast. Melbourne to Shepparton, Traralgon and Wodonga

• $44 million for strategic business cases

• $206 million to the Building Better Regions Funds (BBRF)

 

Other Infrastructure Investment:

$16.5 million for National Freight and Supply Chain Strategy

$100 million for regional airport upgrades

$3.8 million in 2019-20 to support regulatory oversight and environmental management.

$4 million for a Women Aviation Fund

$6.3 billion in drought support

$3.3 billion for flood support

$9.6 million over five years to establish the North Queensland Water Infrastructure Authority

 

Josh Fydenberg, Federal Treasurer, stated that, “We will deliver new infrastructure projects to ease congestion in our cities; to unlock the potential of our regions; to better manage population growth; to improve safety on our roads.

“Cranes, hard hats and heavy machinery will be seen across the country, as we build Australia for current and future generations.”