Infrastructure binge to dig country out of recession
Infrastructure binge to dig country out of recession
Normal text size
Advertisement
Governments across the country will inject an extra $46 billion into the economy through roads, school upgrades and social housing to help drag the economy out of the coronavirus pandemic over the next four years.
Analysis compiled by Infrastructure Partnerships Australia shows the response by federal, state and territory governments will be worth almost $17 billion extra in spending on infrastructure in the current financial year before stepping up even further in 2021-22.
The Melbourne Metro project, due for completion in 2025, is one of the many infrastructure projects helping support the economy out of the pandemic recession.