Budget to spend a lot on infrastructure | Liverpool City Champion
The federal budget will include at least $ 5 billion in funding for infrastructure projects aimed at making roads safer, reducing commute times and supporting thousands of jobs.
“Our record-breaking funding commitment is creating jobs, boosting business investment, while ensuring the recovery of COVID in Australia,” Prime Minister Scott Morrison said.
Deputy Prime Minister and Minister for Infrastructure Michael McCormack said the substantial new funding is a key part of the government’s plan to help Australia recover from the pandemic stronger than ever.
“More money for infrastructure means more jobs, more local purchases and a better future for businesses across the country and that is why this investment is the centerpiece of our national economic recovery plan,” said Mr McCormack.
Treasurer Josh Frydenberg will deliver his third budget on Tuesday.
KEY PROJECTS TO BE FUNDED INCLUDE:
* Initial investment of $ 2 billion for a new intermodal terminal in Melbourne
* $ 2.03 billion for the modernization of the Great Western Highway – from Katoomba to Lithgow – construction of eastern and western sections in New South Wales
* $ 400 million for the modernization of the domestic freight route (Mungindi to Charters Towers) in Queensland
* $ 161.6 million for the Truro bypass in South Australia
* $ 160 million for agricultural supply chain improvement – “ Package 1 ” in Western Australia
* $ 150 million for the modernization of the national network highway (phase 2) in the Northern Territory
* $ 80 million to improve Bass Highway safety and freight efficiency in Tasmania
* $ 26.5 million for the duplication of William Hovell Drive in ACT
Australian Associated Press