The Federal Government is investing an additional $2.7 billion on infrastructure projects over the forward estimates in the 2024-25 Mid-Year Economic and Fiscal Outlook, with priority projects to include road safety works as well as freight network upgrades.
This package aims to help sustain the current 10-year, $120 billion infrastructure investment pipeline by prioritising major projects.
The additional funding will help to accelerate works on landmark projects, such as the Bruce Highway in Queensland, the North South Corridor in South Australia and the Carpentaria Highway in the Northern Territory.
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Through this funding, the Federal Government is also aiming to boost and index road maintenance funding on the National Land Transport Network, to ensure the delivery of 53 already underway projects. This includes greater support for works from fixing potholes to road sealing.
A public transport focus is also aiming to get more people off the roads, by providing more affordable commuter options.
The Federal Government says it’s still committed to delivering nationally significant infrastructure projects that enhance productivity and resilience, improve liveability, and promote sustainability.
To access funding breakdowns for each state and Territory, click here.
