Western Australia will be seeing a major boost in infrastructure and jobs, with a record $5.4 billion infrastructure package that will build major infrastructure, creating thousands of jobs as well as stimulate economic growth and address road congestion across the State.
This infrastructure package is going to be delivered by the Australian and Western Australian Governments. A $3.2 billion funding has been allotted for this from the Commonwealth Budget 2018-19. This funding follows on from last year’s Budget investment of $2.3 billion ‘Boosting Jobs, Busting Congestion’ package.
Listed below are the projects covered by the multi-billion dollar investment.
METRONET
Roads
Funding for these METRONET and road projects will also be provided by the State Government - which is subject to normal State Budget processes - with further funding to be possibly sought from existing Federal Government infrastructure programs.
The cost estimates are indicative and the State Government will be providing the final costs for the projects through the usual business case development.
Myalup-Wellington Dam Project
Approximately $140 million in federal funding will be provided by the Australian Government to develop the Myalup-Wellington Dam Project, with up to $50 million in concessional loan.
The Myalup-Wellington Dam Project will be diverting high saline inflows upstream from Wellington Dam for desalination. This process will improve the quality of water that is stored in and released from the dam for agricultural use.
GST Top-up payments towards WA Hospital Infrastructure
The Turnbull Government has agreed to allocate $188.9 million from the federal WA GST top-up payment for a number of hospital infrastructure project, including:
These projects included in the WA infrastructure package will help provide better connection to the fast-growing areas in the north and south of Perth and improve various major freight routes. The infrastructure package will also deliver jobs and improve amenities as well as unlock future regional and urban development opportunities across the State.
The WA State Budget 2018-19 is set to be announced on 10 May 2018.
Watch this space for the latest industry news and project updates by subscribing to Felix Project News today.
Source: Government of Western Australia
The Australian Government has announced the 2021-22 Budget and it includes a record investment in infrastructure that will support and create jobs as well as drive growth and help rebuild the economy following the COVID-19 pandemic.
South Australia is having a major infrastructure blitz as works progress on 90 individual road or rail upgrade projects with a combined value of over $1.5 billion.
Infrastructure Australia has released its annual Infrastructure Priority List and the Australian Government welcomes this announcement that will assist in the strategic delivery of infrastructure that will help build the nation.
If you're looking to contact us about other matters, please contact us.