Federal Budget 2022: Infrastructure to receive 17.9B boost

The 2022–23 Budget takes the Federal Government’s 10-year infrastructure investment pipeline from $110 billion to over $120 billion.

Existing and new infrastructure projects across Australia are set to receive a $17.9 billion funding boost from the Federal Government, bringing the Government’s rolling 10-year infrastructure investment pipeline from $110 billion to over $120 billion.

With the Federal Government due to hand down its 2022-23 Budget in Parliament on March 29, infrastructure funding commitments form a key part of the coalition’s plans for economic recovery and growth, Prime Minister Scott Morrison said.

“Continuing to provide record future funding for road and rail projects is a key part of our economic plan for the long term to keep our economy strong, the Prime Minister said.

“by investing in these projects we are delivering the infrastructure that the Australian economy needs to grow, to get Australians home sooner and safer, and generate thousands of jobs and new opportunities for small businesses right across the country.”

A state-by-state break-down of key commitments for new and existing infrastructure projects follows:

 

Victoria

New projects: Key new projects funded in Victoria in the 2022–23 Budget include:

  • $3.1 billion in new commitments to deliver the $3.6 billion Melbourne Intermodal Terminal Package:
  • $1.2 billion for the Beveridge Interstate Freight Terminal in Beveridge, taking the total investment to $1.62 billion;
  • $280 million for Road Connections, including Camerons Lane Interchange, to the Beveridge Interstate Freight Terminal;
  • $740 million for the Western Interstate Freight Terminal in Truganina;
  • $920 million for the Outer Metropolitan Ring – South Rail connection to the Western Interstate Freight Terminal;
  • $109.5 million for the Mickleham Road Upgrade.

 

Existing projects:The Budget also includes additional funding for existing projects, including:

  • $45 million for the Ballarat to Ouyen – Future Priorities;
  • $23.1 million for the Canterbury Road Upgrade.

This brings the Coalition’s total infrastructure investment in Victoria since 2013 to more than $35.5 billion across nearly 300 road and rail infrastructure projects, with 99 projects having been completed in the period.

 

New South Wales

New projects: Among key new projects funded in New South Wales in the 2022–23 Budget is:

 

Existing projects: The Budget also includes additional funding for existing projects, including:

  • $352 million for the Milton Ulladulla Bypass;
  • $300 million for the Grade Separating Road Interfaces;
  • $65 million for the M5 Motorway – Moorebank Avenue – Hume Highway Intersection Upgrade.

This brings the Coalition’s total infrastructure investment in New South Wales since 2013 to more than $48.5 billion across 240 road and rail infrastructure projects, with 106 projects completed over this period.

 

Queensland

New projects: Key new projects funded in Queensland in the 2022–23 Budget include:

  • $1.6 billion for the Brisbane to the Sunshine Coast rail extension;
  • $1.121 billion for the Brisbane to the Gold Coast Faster Rail Upgrade;
  • $150 million for the Brisbane Metro – Woolloongabba Station; $396 million for the South East Queensland City Deal;
  • $27.2 million for three business cases for upgrades on the Bruce Highway between Anzac Avenue and Caboolture Bribie Island Road;
  • $22.5 million for Brisbane Olympic and Paralympic Games 2032 business case development;
  • $20 million for safety upgrades on the Brisbane Valley Highway.

 

Existing projects: The Budget also includes additional funding for existing projects and Roads of Strategic Importance corridors, including:

  • $68.5 million for the Cooktown to Weipa Corridor Upgrade – bringing the total Australian Government funding to the corridor to $258.5 million;
  • $11.5 million for the Tennant Creek to Townsville Corridor Upgrade – bringing the total Australian Government funding to the corridor to $211.5 million.

This brings the Coalition’s total infrastructure investment in Queensland since 2013 to more than $35.9 billion across 349 road and rail infrastructure projects, with 155 projects having been completed in the period.

 

Western Australia

New projects: Key new projects funded in Western Australia in the 2022–23 Budget include:

  • $145 million for the Thomas Road South Western Highway to Tonkin Highway and interchange at Tonkin Highway;
  • $140 million for Regional Road Safety Upgrades;
  • $100 million for the METRONET: Morrison Road Level Crossing Removal;
  • $50 million for the Tonkin Highway – North Ellenbrook Interchange;
  • $48 million for the Moorine Rock to Mt Holland Road Upgrades;
  • $40 million for the Newman to Katherine Corridor Upgrade – Great Northern Highway Upgrade – Newman to Port Hedland Overtaking Lanes.

 

Existing projects: The Budget also includes additional funding for existing projects, including:

  • $320 million for the Bunbury Outer Ring Road (Stages two and three);
  • $200 million for the Tonkin Highway Stage three Extension;
  • $178 million for the Pinjarra Heavy Haulage Deviation – Stages one and two;
  • $135 million for the METRONET: Thornlie-Cockburn Link;
  • $116 million for the METRONET: High Capacity Signalling;
  • $90 million for the METRONET: Yanchep Rail Extension.

This brings the Coalition’s total infrastructure investment in Western Australia since 2013 to more than $20.2 billion across 152 road and rail infrastructure projects, with 50 projects having been completed in the period.

 

South Australia

New projects: Key new projects funded in South Australia in the 2022–23 Budget include:

  • $200 million for the Marion Road – Anzac Highway to Cross Road;
  • $120 million for the Adelaide Hills Productivity and Road Safety Package
  • $60 million for the South East Freeway Managed Motorways – Stage two;
  • $60 million for the Targeted Investments to Improve National Supply Chain Resilience;
  • $16 million for the Main South Road Productivity Package.

Existing projects: The Budget also includes $2.264 billion in additional funding for the North South Corridor – Torrens to Darlington, $40 million in additional funding for Horrocks Highway Corridor, and $20 million in additional funding for the Marion Road and Sir Donald Bradman Drive Intersection Upgrade.

This brings the Coalition’s total infrastructure investment in South Australia since 2013 to more than $13.7 billion across 95 road and rail infrastructure projects, with 39 projects having been completed in the period.

 

ACT

New projects: Key new projects funded in the ACT in the 2022–23 Budget are:

  • $46.7 million for the Athllon Drive Duplication;
  • $2.8 million for the Kent Street and Novar Street Intersection Upgrades;
  • $1.5 million for the Inner Canberra Corridor Planning Package.

This brings the Coalition’s total infrastructure investment in the ACT since 2013 to more than $1.3 billion across 29 road and rail infrastructure projects, with ten projects having been completed in the period.

 

Northern Territory

New projects: Key new projects funded in the Northern Territory in the 2022-23 Budget include:

  • $132 million for Central Australian Tourism Roads;
  • $55 million for the Tiger Brennan Drive/Berrimah Road Intersection Upgrade.

This brings the Coalition’s total infrastructure investment in the Northern Territory since 2013 to more than $3.7 billion across 66 road and rail infrastructure projects, with 36 projects having been completed in the period.

 

Tasmania

New projects: Key new projects funded in Tasmania in the 2022–23 Budget include:

  • $336 million for the Tasmanian Roads Package – Northern Roads Package – Stage two;
  • $100 million for the Great Eastern Drive Tourism Support – additional packages;
  • $96 million for the Tasmanian Freight Rail Revitalisation Program – Tranche four;
  • $56 million for the Tasmanian Roads Package – Tasman Highway Sideling Upgrade – Stage two;
  • $24 million for the Bell Bay Line – Reconnection to the Bell Bay Wharf;
  • $14.4 million for the Melba Line Bulk Minerals Rail Hub;
  • $13.5 million for the Hobart – Northern Transit Corridor Solution.

This brings the Coalition’s total infrastructure investment in Tasmania since 2013 to more than $4.5 billion across 98 road and rail infrastructure projects, with 52 projects having been completed in the period.

Deputy Prime Minister and Minister for Infrastructure, Transport and Regional Development Barnaby Joyce said the Government was building the infrastructure that would make the economy stronger.

“We are investing in projects that will drive the growth of industries that generate the wealth our nation needs to become as strong as possible as quickly as possible,” the Deputy Prime Minister said.

“Getting more commodities to ports and sending them overseas will generate more export income, making our nation wealthier and stronger. Better roads and infrastructure will enable that.”

Treasurer Josh Frydenberg said infrastructure was a key pillar of our economic plan to grow the economy and get more Australians into work.

“With the unemployment rate already at an equal 48 year low, the measures in this Budget will create an additional 40,000 jobs across Australia, building on our world leading economic recovery,” the Treasurer said.

“By enhancing transport connectivity, we’re strengthening our supply chains against challenges such as COVID-related disruptions and the impact of natural disasters. This gives businesses and consumers the confidence and certainty they need in uncertain times.”

The Treasurer will deliver the 2022-23 Federal Budget at approximately 7.30 pm (AEDT) on Tuesday 29 March 2022.


 

Related stories:

Interesting? Share this article