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Federal budget infrastructure spending will build on the boom that’s already taking place across the South Australian residential marketplace, according to a real estate network’s GM.
James Trimble is the general manager at Raine & Horne South Australia and he said the state is already benefiting from infrastructure development, but the promise of further funding particularly for better roads will make property demand even greater.
“There’s a saying that ‘build it and they will come’, a notion supporting the government’s $2.6 billion funding for the North-South Corridor – Darlington to Anzac Highway and other projects such as $148 million for the Augusta Highway Duplication Stage 2,” he said.
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Torrens to Darlington project creating more jobs
The next 157 jobs associated with the biggest infrastructure project in South Australia’s history will start to roll out in the next few months as $85 million worth of early enabling works get underway.
As part of the North-South Corridor upgrade, enabling works on the Torrens to Darlington (T2D) project include relocations for water, electricity, gas and telecommunications services for the southern section of the project and are a required precursor to construction of the Hybrid+ design.
Federal Minister for Communications, Urban Infrastructure, Cities and the Arts, the Hon Paul Fletcher MP, said getting on with these early works now will ensure the project stays on track for main construction of the southern tunnel to start in 2023.
This included $15.2bn and $28.5bn Australian dollars the federal government recently announced in infrastructure spending and tax measures.
â[The Australian infrastructure spending] is a lot. That is one-and-a-half times the normal level of investment in transport,â says the Grattan Instituteâs transport and cities program director Marion Terrill.
âThe budget took us back to transport megaprojects. And thatâs after a short break in the past budget where the biggest single contribution from the commonwealth was $750m. In this budget the commonwealth put in $2bn or more into three whopping great big projects.â
The budget included $2bn for an intermodal terminal in Melbourne, $2.6bn for the Anzac Highway in South Australia and $2bn for the Great Western Highway in NSW.
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New works to start on North-South Corridor
Hundreds of thousands of South Australians are a step closer to quicker, safer travel, amid the beginning of a new round of job-creating ground investigations, focusing on the Southern Tunnel section of the North-South Corridor.
The new round of critical ground investigations between Darlington and Anzac Highway will be carried out by Adelaide-based industry leader Aurecon – creating more than 40 jobs.
The ground investigations will help determine the final design of the Southern Tunnel and to keep local residents and businesses informed the State Government will increase community engagement in the area.