The Australian Government has released the 2022-23 Federal Budget and it includes a $3.3 billion funding for new and existing infrastructure projects across Victoria.
As part of the Australian Government’s plan for a stronger future, it will continue to invest in projects that will not only create jobs and drive economic growth but will also help keep commuters and freight safe and moving.
The significant budget allocated for Victoria is part of the $17.9 billion investment in infrastructure projects in every state and territory. This takes the Government’s national rolling 10-year infrastructure investment pipeline to a new record at $120 billion.
“A strong economy means a strong future.
“Continuing to provide record future funding for road and rail projects is a key part of our economic plan for the long term to keep our economy strong.
“By investing in these projects we are delivering the infrastructure that the Australian economy needs to grow, to get Australians home sooner and safer, and generate thousands of jobs and new opportunities for small businesses right across the State,” Prime Minister Scott Morrison said.
Key new projects in Victoria funded through the 2022-23 Budget include:
The multi-billion-dollar funding will also cover:
More than $35.5 billion has been invested across nearly 300 road and rail infrastructure projects in Victoria since 2013, with 99 projects already completed.
About 11,500 jobs are expected to be supported through Australian Government-funded projects that are currently underway in Victoria.
“Victoria is the freight and logistics capital of Australia. To maintain this advantage, the delivery of two modern and advanced intermodal terminals in the north and west of Melbourne to support Inland Rail, as well as east-west freight rail flows, is a priority.
“Our investment in two terminals and connecting infrastructure will help remove around 5,500 truck movements per day from metropolitan arterial roads in Melbourne in the next 15 years, significantly reducing congestion and emissions across the CBD, and improving safety,” Minister for Communications, Urban Infrastructure, Cities and the Arts Paul Fletcher said.
Below is a list of new and existing infrastructure projects that will receive funding through the $3.3 billion investment for Victoria.
New Projects
| Project Name | Total Australian Government Contribution | Additional Funding at 2022-23 Budget | Regional Status | Location |
| Melbourne Intermodal Terminal Package: | $3.113 billion | Both | Melbourne | |
|
$1.620 billion | $1.193 billion | ||
|
$280 million | |||
|
$740 million | |||
|
$920 million | |||
| Mickelham Road Upgrade | $109.5 million | Urban | Mickelham, Greenvale | |
| Commuter Car Park Upgrade - Frankston Line - Kananook | $18 million | Urban | Frankston | |
| Princes Highway East - Nowa Nowa Safety Upgrades | $500,000 | Regional | Nowa Nowa, East Gippsland |
Additional Funding for Existing Projects
| Project Name | Total Australian Government Contribution | Additional funding at 2022-23 Budget | Regional Status | Location |
| Pakenham Roads Upgrade | $391.5 million | $11.5 million | Urban | Pakenham, South East Melbourne |
| Ballarat to Ouyen - Future Priorities | $50.7 million | $45 million | Regional | North West VIC |
| Canterbury Road Upgrade | $47.6 million | $23.1 million | Urban | Eastern Melbourne |
| Princes Highway Intersection Upgrades - Pakenham to Beaconsfield | $21.6 million | $3.8 million | Urban | South East Melbourne |
| Commuter Car Park Upgrades - Hampton | $12.5 million | $8.5 million | Urban | South East Melbourne |
| Yarra Boulevard Upgrade | $7 million | $2 million | Urban | Kew, East Melbourne |
| Tortice Drive and Warrandyte Road Intersection Upgrade, Ringwood North | $4.8 million | $4.5 million | Urban | Ringwood North, East Melbourne |
Source: Minister for Infrastructure, Transport and Regional Development; Minister for Communications, Urban Infrastructure, Cities and the Arts