$7.5bn Transport Infrastructure Investment Announced.

 

The 2020-21 Federal Budget features significant funding for Australia’s infrastructure industry, with a $7.5 billion investment in transport infrastructure.

 

Since the start of the COVID-19 pandemic the Government has committed to invest an additional $14 billion in new and accelerated infrastructure projects over the next four years. These projects will support a further 40,000 jobs during their construction.

 

Some of the key infrastructure funding announcements from the budget include: 

 

- $7.5 billion for transport infrastructure that is “shovel-ready projects” ($2 billion for road safety initiatives and $1 billion for the Local Roads and Community Infrastructure Program)

- Additional $4.5 billion investment in NBN Co

- An investment of $2 billion for new projects under the National Water Infrastructure Development Fund

 

State Breakdown: 

$2.7 billion in NSW

$1.3 billion in QLD

$1.1 billion in VIC

$1.1 billion in WA

$625 million in SA

$360 million in TAS

$190 million in NT

$155 million in ACT