BUILDING AUSTRALIA - INFRASTRUCTURE
The Government’s 10 year, $75 billion infrastructure plan will reduce congestion, better connect our regions, improve safety and create jobs.
Major projects underway
The following projects are collectively supporting up to 50,000 jobs;
Up to $5.3 billion for the Western Sydney Airport
$1.5 billion of funding and a $2 billion concessional loan for the WestConnex project in Sydney
$2.9 billion for the Western Sydney Infrastructure Plan
$500 million for the M80 Ring Road
$500 million for the Monash Freeway Upgrade
$6.7 billion for the Bruce Highway
$1.3 billion for the METRONET, including $490 million for the Forrestfield Airport Link
$1.6 billion for the Adelaide North-South Corridor
$400 million for the Midland Highway
$67 million for Capital Metro
$192 million for the Northern Australia Roads Program
The Government is delivering the Melbourne to Brisbane Inland Rail project by providing $9.3 billion. Preparatory work on Inland Rail is underway and construction is due to commence this year. Inland Rail will support an estimated 16,000 jobs during construction.
Western Sydney Airport
The Government is providing an investment of up to $5.3 billion to build Western Sydney Airport. Construction is due to commence this year and will be operational by 2026.
Western Sydney Airport will support up to 28,000 jobs by 2031 and will drive an extra 200,000 jobs and industry across the Western Sydney region.
New Infrastructure Initiatives
The Government is establishing the $3.5 billion Roads of Strategic Importance initiative.
Under this initiative, funding will be provided to upgrade key freight routes to improve road safety and better connect key sectors, such as agriculture and mining to export markets.
It includes $400 million for roads in Tasmania, $100 million for the Barton Highway that will benefit the Australian Capital Territory and New South Wales and $1.5 billion for roads in Northern Australia, which will create hundreds of jobs, including for Indigenous Australians.
A $1 billion Urban Congestion Fund will be established to bust congestion in cities, helping people get home safer and sooner.
The Government will provide $250 million to a newly established Major Project Business Case Fund for development and planning of nationally significant projects.
The Government will also provide a further $160 million to upgrade sections of Outback Way, taking total funding to $330 million.
New major projects
The Government is providing funding for new major projects including:
In NSW, the Federal and New South Wales Governments will be equal partners in funding the first stage of the North South Rail Link in Western Sydney. The Government is providing $971 million for the Pacific Highway Coffs Harbour Bypass, and $400 million to duplicate the Port Botany Rail Line.
in Victoria, a commitment of up to $5 billion to the Melbourne Airport Rail Link and funding of $1.75 billion for the North East Link.
in Queensland, an additional $3.3 billion for continuing upgrades of the Bruce Highway, including $800 million for the Cooroy to Curra Section D project, and $1 billion for the M1 Pacific Motorway between Eight Mile Plains and Daisy Hill and Varsity Lakes and Tugun.
in Western Australia, a further $1.05 billion for the METRONET rail project, $944 million for the Perth congestion package and $560 million for the Bunbury Outer Ring Road.
in South Australia, $1.4 billion for future priorities on the Adelaide North-South Road Corridor and $220 million for the Gawler Rail Line electrification.
in Tasmania, $461 million for the replacement of the Bridgewater Bridge and an additional $59.8 million for the second stage of the Tasmanian Freight Rail Revitalisation program.
in the Australian Capital Territory, $100 million for the Monaro Highway Upgrade.
in the Northern Territory, $180 million for the Central Arnhem Road Upgrade and $100 million for the Buntine Highway Upgrade.
Snowy Hydro purchase
The funding received by NSW and Victoria for their shares of Snowy Hydro — $4.2 billion and $2.1 billion respectively — will be invested into productive infrastructure in those States.