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.
$400 million additional funding for the Bruce Highway
$178.1 million for line capacity improvement on the Gold Coast Rail Line from Kuraby to Beenleigh
$126.6 million for stage three of the Gold Coast Light Rail
$240 million for the Cairns Western Arterial Road duplication
$400 million for upgrades to the inland freight route from Mungindi to Charters Towers
$160 million for the Mooloolah River interchange upgrade
$203.4 million for local road and community infrastructure projects, and $261 million for road safety projects
Total - $2 billion
BUDGET EXPLAINED: