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Australia’s Federal Infrastructure Budget for 2021
The Australian government has announced an additional $15.2 billion in new infrastructure funding in the 2021-22 Budget to help aid economic recovery from the CCP virus pandemic.
The additional funding adds to the $110 billion 10-year building plan investment that already formed part of the National Economic Recovery Plan which the government says will support around 30,000 jobs across the country.
Nation-building projects were the focus of the infrastructure spending, with a $1 billion boost for the Local Roads and Community Infrastructure Program, bringing the total commitment to $2.5 billion, and another $1 billion to the now $3 billion Road Safety Program.
NSW Treasurer Dominic Perrottet tonight welcomed the Commonwealth Government's 2021-22 Budget, which delivers more than $3 billion in funding for road.
NSW, SA snag lion’s share of budget infrastructure spending
By Fergus Halliday
11 May 2021
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1 minute read
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NSW, SA and Victoria have snagged the lion’s share of infrastructure spending in the latest federal budget.
As revealed in the 2021 budget, the government is committing an additional $15.2 billion to infrastructure projects over the next ten years. This will bump the total federal commitment to $110 billion, with the additional spending said to account for 30,000 new jobs over the decade.
At a federal level, both the Local Roads and Community Infrastructure Program and Road Safety Program are being extended for another year at the cost of $1 billion each.
Australian Federal Government to award $2 billion to highway upgrade May 10, 2021
CANBERRA, ACT, Australia – Topping the list for infrastructure funding by the Australian Federal Government announced on Monday is a contribution of more than $2 billion towards the Great Western Highway between Katoomba, in the Blue Mountains, and Lithgow in the Central West.
Prime Minister Scott Morrison released the list, which outlines the various projects to receive funding in the 2021-22 Budget, on Monday.
“From upgrading the Great Western and Princes highways, to improving the key road connections in the outer suburbs and regional areas – these projects will support more than 6,500 direct and indirect jobs across New South Wales,” Prime Minister Morrison said Monday.