This site is generated from open public information stored in the Finance Knowledge Graph. For more information, please see: About

Building a Better Future Through Considered Infrastructure Investment

Financial year
Purpose statement

Support productivity and jobs.

Budget Measure type

The Government will provide $1.8 billion over 10 years from 2023-24 for infrastructure priorities to support productivity and jobs. Funding includes:

* $1.1 billion in 2032-33 to continue existing road maintenance and safety programs, with: - $500.0 million for the Roads to Recovery Program - $350.0 million for national road network maintenance - $110.0 million for the Black Spot Program - $85.0 million for the Bridges Renewal Program - $65.0 million for the Heavy Vehicle Safety and Productivity Program - $18.9 million for transport research organisations and innovation projects

* $361.9 million over 8 years from 2023-24 for infrastructure projects in New South Wales, including safety upgrades on the Bells Line of Road and Nowra Bypass planning

* $200.0 million over two years from 2023-24 for the Major Projects Business Case Fund to support the planning of land transport infrastructure projects

* $60.0 million over 3 years from 2023-24 to continue supplementary local road funding in South Australia Infrastructure, Transport, Regional Development, Communications and the Arts |

* $3.0 million in 2023-24 to undertake a feasibility study for an intermodal terminal in Parkes, New South Wales to support the Inland Rail program, with funding to be redirected from existing National Intermodal Corporation equity. The Government will also provide:

* equity funding to WSA Co Limited for the construction of facilities to support border services and law enforcement operations at the Western Sydney International (Nancy-Bird Walton) Airport, with the financial implications not for publication (nfp) due to commercial sensitivities

* $18.5 million in 2023-24 for border agencies to undertake design and planning work for operations. The Government will undertake an independent strategic review of the Infrastructure Investment Program (IIP) to ensure the $120.0 billion pipeline over 10 years is fit for purpose and the Government's investment is focused on projects which improve long-term productivity, supply chains and economic growth in our cities and regions. Updated IIP project schedules will be finalised following the review, with Government working with states and territories to determine priorities. This measure builds on the 2022-23 October Budget measures titled Building a Better Future through considered Infrastructure Investment and Support for the Aviation Sector.

This site is generated from open public information stored in the Finance Knowledge Graph. For more information, please see: About