Australia announces $5.4bn investment to boost transport infrastructure

Australia

October 08, 2020 – The Australian Government has announced a A$7.5bn ($5.4bn) investment to boost the transportation infrastructure across the nation.

 

The investment builds on a series of total infrastructure funds over A$11.3bn ($8.1bn) secured from the Commonwealth in response to the Covid-19 pandemic

 

The latest investment is expected to improve the national economy, deliver safer roads and create thousands of jobs as part of the Covid-19 economic recovery plan of the Federal Coalition.

 

Australian prime minister Scott Morrison said: “Federal Budget would deliver funding for infrastructure which supports the Government’s JobMaker plan and helps the nation recover from Covid-19.

 

“We have been working closely with state and territory governments to invest in the infrastructure that is ready to go and can help rebuild our economy and create more jobs.”

 

The government has provided nearly A$560m ($400.6m) for the Singleton Bypass on the New England Highway in New South Wales and A$528m ($377.7m) was provided for the Shepparton and Warrnambool Rail Line Upgrades in Victoria.

 

It has granted A$750m ($536.5m) funds for the first stage of the Coomera Connector (Coomera to Nerang) in Queensland and A$88m ($62.9m) for the Reid Highway Interchange with West Swan Road in Western Australia.

 

About A$200m ($143.1m) has been granted for the Hahndorf Township Improvements and Access Upgrade in South Australia and A$120m ($85.8m) was allotted to upgrade the Carpentaria Highway in the Northern Territory.

 

The government has provided funding of A$150m ($108m) for the Midway Point Causeway including McGees Bridge and Sorell Causeway as part of the Hobart to Sorell Roads of Strategic Importance corridor in Tasmania while A$88m ($63m) is granted for the Molonglo River Bridge in the Australian Capital Territory (ACT).

 

Scott Morrison added: “These projects will keep commuters safe on the road, get people home to their loved ones sooner and provide better transport links for urban and regional communities.

 

“As part of the Covid-19 economic recovery plan, we have invested an additional $11.3 billion focused on shovel-ready projects across the country.”

Source:- https://www.worldconstructionnetwork.com/news/australia-announces-54bn-investment-to-boost-transport-infrastructure/

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