The Australian Government has announced that it will be committing $9.6 billion on vital infrastructure projects across the nation through the 2022-23 Federal Budget.
Highlights of the funding commitments include:
The Federal Government will be working in partnership with State and Territory Governments to deliver the best value for taxpayers’ dollars as well as the best outcomes for Australians.
“Sound and planned infrastructure investment in Australia creates jobs, builds opportunity and unlocks economic growth and productivity for our cities and our regions.
“It’s about making journeys quicker, but also making sure people can get home to their families safely.
“Through our first Budget, my team is getting on with the job of delivering projects in consultation with Infrastructure Australia and all levels of Government to make a real difference to the lives of Australians,” Prime Minister Anthony Albanese said.
Each state and territory have been allocated funding from this significant investment to deliver critical infrastructure.
$2.57 billion for Victoria
This funding commitment includes $330 million to upgrade important road infrastructure, including:
Thousands of jobs are set to be created through the Camerons Lane Interchange as well as unlock the potential of Melbourne’s north all the while enabling the State Government to deliver a full diamond interchange with the Hume Highway.
The second stage of the Barwon Heads Road duplication, on the other hand, will provide communities with quicker and safer travels to and from home. Lastly, the Ison Road Overpass will provides better access for residents to surrounding areas and help alleviate congestion in central Werribee.
The Budget for Victoria will also include $2.2 billion for the delivery of the Suburban Rail Loop.
“Investing in the Suburban Rail Loop is a once-in-a-generation opportunity to reshape the way Victoria grows.
“Victoria is projected to grow to 11.2 million residents by 2056 and Greater Melbourne to reach around 9 million people – similar size to London today.
“This visionary project is needed to keep Victoria moving in the face of this expected growth,” Infrastructure, Transport, Regional Development and Local Government Minister Catherine King said.
$2.5 billion for the Northern Territory
Funding allocated for the Northern Territory will include:
Construction of a common user marine infrastructure at Middle Arm will help open new export opportunities in the Territory for commodities – including green hydrogen and critical minerals – along with associated downstream opportunities for onshore processing and low-emission manufacturing.
The additional funding for the Tanami Road and Central Arnhem Road will continue delivering strategic upgrades that will support Indigenous and remote communities and businesses while also improving flood immunity and reliability.
“These investments will ensure local communities have year-round access to the services they need.
“The Australian Government is working closely with state and territory governments to deliver projects that bring most benefit to communities around Australia.
“Through its first Budget, our Government is getting on with the job working collaboratively with all levels of Government and in consultation with Infrastructure Australia to deliver projects that will make a real difference to the lives of all Australians,” Minister Catherine King said.
$1.4 billion for Queensland
Through the 2022-23 Federal Budget, Queensland will be allocated $1.4 billion to deliver vital infrastructure projects across the State.
The significant funding commitment includes:
Some funding will also be allocated for the completion of detailed planning works for the next stage of the Ipswich Motorway.
“Our Bruce Highway investment will help locals across Brisbane’s north spend less time on the road and more time at home.
“We are getting on with the job of delivering the right infrastructure in the right place to help ensure Queenslanders spend less time on the roads and get home safely every trip,” Minister Catherine King said.
$1 billion for New South Wales
The billion-dollar funding commitment for New South Wales will deliver vital infrastructure projects that will not only improve suburban liveability, but will also create jobs and opportunities for new skills as well as help build a better future in regional and urban NSW.
This funding includes $300 million for the Western Sydney Roads Package, which will provide:
The Australian Government is focused on making high speed rail a priority by introducing legislation that will establish the High Speed Rail Authority.
The 2022-23 Budget for New South Wales also includes a $500 million investment to start corridor acquisition, planning and early works for high speed rail connections between Sydney, the Central Coast and Newcastle.
“Recent months have been a sobering reminder of the need to deliver infrastructure planning and investment that take flood and other extreme weather events into account, making our commitment to the Castlereagh Connection particularly vital.
“The NSW Government’s projections show the population of the Central Coast and the Hunter Valley growing by some 200,000 by 2040, making better transport connections a necessity.
“Our Government has a vision of a brighter future for our regions, with fast rail connections offering people more choice of where to live and work,” Minister Catherine King said.
$685 million for Tasmania
The Australian Government is delivering its election commitments for Tasmania through a funding injection of $685 million for vital infrastructure projects.
The significant funding commitment for Tasmania will include:
The Australian and Tasmanian Governments will work closely to target the highest-priority locations to receive road upgrades that will improve travel times and safety.
“We will work in partnership with the Tasmanian and local governments to deliver these commitments, and we will ensure we consider Hobart’s congestion needs in our overall approach to road funding in Tasmania,” Minister Catherine King said.
$670 million for Western Australia
The $670 million investment committed through the 2022-23 Federal Budget will deliver vital infrastructure projects across the State such as an electric bus network for Perth.
The funding will include:
Funding for the electric bus network for Perth will deliver upgrades to bus depots as well as install charging infrastructure. This investment will ensure that the bus depots are future ready.
The first of several locally manufactured buses are expected to start rolling off from the assembly line in 2024-25. These buses will be used in the Perth CBD and the remainder will service the Perth metropolitan area.
Local workers will build Perth’s next generation public transport. More than 100 jobs are set to be created through this initiative and over 300 existing workers will transition to jobs in cleaner technology.
“Our Government will upgrade key road corridors across the state, getting locals home more safely and more quickly.
“Our commitment to bus charging infrastructure recognises Western Australia’s strong local manufacturing industry and position as a global leader in battery meterial,” Minister Catherine King said.
$660 million for South Australia
Through the 2022-23 Budget, the Australian Government is committing $660 million towards critical infrastructure in South Australia. This includes:
These projects will help remove major blockages for locals on their daily commutes, improve safety for motorists and pedestrians as well as create business opportunities across the region by providing improved transport flows and better amenities.
“Good roads are the lifeblood of communities across SA – and improving safety and travel time is really important for local families and the economy.
“Our Government will upgrade important road corridors across the state, getting locals home more safely and more quickly.
“These significant infrastructure projects will help future proof the region and give residents and businesses back their time – less time stuck in traffic and more time doing the things they want to do,” Minister Catherine King said.
Source: Minister for Infrastructure, Transport, Regional Development and Local Government (1, 2, 3, 4, 5, 6, 7, 8); Infrastructure Magazine
The Australian and Queensland Governments are jointly investing approximately $300 million as additional funds to deliver new road safety upgrades as well as jobs across the State.
Hundreds of jobs are set to be created and improved road safety will soon be delivered across South Australia as the State Government invests $100 million towards vital road maintenance and upgrade works.
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.
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