Through the 2022-23 Federal Budget, the Australian Government is investing in new and existing infrastructure projects in every state and territory, with the Australian Capital Territory receiving $51 million.
This significant funding commitment is part of the Government’s plan for a stronger future, delivered through projects that create jobs, drive economic growth as well as keep commuters and freight safe and moving.
Overall, $17.9 billion has been invested in new and existing projects across the nation and this builds on the national rolling 10-year infrastructure investment pipeline that increased from $110 billion to a new record $120 billion.
“With the unemployment rate already at an equal 48 year low, the measures in this Budget will create an additional 40,000 jobs across Australia, building on our world leading economic recovery.
“By enhancing transport connectivity, we’re strengthening our supply chains against challenges such as COVID-related disruptions and the impact of natural disasters. This gives businesses and consumers the confidence and certainty they need in uncertain times,” Treasurer Josh Frydenberg said.
Key new projects in ACT funded through the 2022-23 Budget include:
More than $1.3 billion has been invested in ACT infrastructure since 2013, across 29 road and rail infrastructure projects where 10 have already been completed.
Currently, transport infrastructure projects funded by the Australian Government that are under construction are expected to support approximately 300 jobs over the life of the projects.
“This funding comes on top of more than $2.1 billion in infrastructure commitments by the Liberal-National Government in ACT in recent years – the largest investment in Canberra in a generation.
“This includes the $115 million Monaro Highway upgrades, $51 million for the Tuggeranong Parkway, $26.5 million for the duplication of William-Hovell Drive, the $500 million redevelopment of the Australian War Memorial, and $137 million for upgrades to Commonwealth Avenue Bridge,” Senator for the ACT Zed Seselja said.
Below is a list of new projects that will receive funding through the $51 million investment for the Australian Capital Territory.
New Projects
| Project Name | Total Australian Government Contribution | Regional Status | Location |
| Athllon Drive Duplication | $46.7 million | Urban | Woden, Mawson and Kambah |
| Kent Street and Novar Street Intersection Upgrades | $2.8 million | Urban | Yarralumla and Deakin |
| Inner Canberra Corridor Planning Package | $1.5 million | Urban | Acton, Campbell and Pialligo, and Lyneham |
Source: Minister for Infrastructure, Transport and Regional Development; Minister for Communications, Urban Infrastructure, Cities and the Arts