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NSW, SA snag lion's share of budget infrastructure spending - Smart Property Investment

NSW, SA snag lion’s share of budget infrastructure spending By Fergus Halliday 11 May 2021 | 1 minute read SHARE 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.

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Federal Budget supports Tasmania's recovery plan

Date Time Federal Budget supports Tasmania’s recovery plan Tasmania continues to benefit from the Liberal and Nationals Government’s record infrastructure investment, with funding for major new projects to be announced in this week’s 2021-22 Budget, securing Australia’s recovery. Key projects to be funded include: $80 million for the Tasmanian Roads Package – Bass Highway Safety and Freight Efficiency Upgrades Package – Future Priorities; $48 million for the Algona Road Grade Separated Interchange and Duplication of the Kingston Bypass; $44 million for the Rokeby Road – South Arm Road Upgrades; $37.8 million for the Midland Highway Upgrade – Campbell Town North (Campbell Town to Epping Forest);

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Federal Budget infrastructure boost to help build Australia's economic recovery

Date Time Federal Budget infrastructure boost to help build Australia’s economic recovery The national economy will be boosted by a ten-year infrastructure pipeline, with new funding for major projects to be announced in Tuesday’s Federal Budget. Key projects to be funded include: $2 billion of initial investment for a new Melbourne Intermodal Terminal; $2.03 billion for Great Western Highway Upgrade – Katoomba to Lithgow – Construction of East and West Sections in New South Wales; $400 million for Inland Freight Route (Mungindi to Charters Towers) Upgrades in Queensland; $161.6 million for the Truro Bypass in South Australia; $160 million for Agricultural Supply Chain Improvements – Package 1 in Western Australia;

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$10billion on infrastructure projects announced in 2021 federal budget

Major road upgrades, a new freight terminal and the rebuild of a key regional airport will form part of a huge infrastructure program announced in Tuesday s federal budget.  Treasurer Josh Frydenberg will announce projects worth $110 billion to generate thousands of jobs over the next ten years as the nation recovers from the Covid-19 pandemic. Some key projects worth $10billion will be unveiled on Monday, including upgrades to the Great Western Highway in NSW and Queensland s Bruce Highway, as well as a new freight train terminal in Melbourne. The Bruce Highway in Queensland (pictured heading south past the Glasshouse Mountains) will be upgraded

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