A cash splash on roads to slash commute times worth $10 billion and more money for aged care and women’s economic security will be the centrepiece of the budget.
The big ticket announcements to be announced on Monday ahead of the budget also include an extra $10 billion to address the horrors uncovered by the aged care royal commission and the same amount on road and rail projects.
News.com.au has confirmed the new infrastructure spending will include a $2 billion of initial investment for a new Melbourne Intermodal Terminal designed to get thousands of trucks off busy roads.
It will also include a further $2.03 billion for the Great Western Highway Upgrade – Katoomba to Lithgow – including Construction of East and West Sections in New South Wales.
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Prime Minister Scott Morrison said the projects will make roads safer, reduce travel times and support thousands of jobs across the country.
“Our record funding commitment is creating jobs, boosting business investment, while securing Australia’s COVID recovery,” the Prime Minister said.
Treasurer Josh Frydenberg said there was currently no terminal in Melbourne capable of accommodating the inland rail service.
“A new intermodal terminal in Melbourne will help to boost the productivity of the nation by helping businesses get their products to domestic and international markets faster following the completion of inland rail,’’ he said.
“Our record infrastructure investment not only creates jobs now, it also sets Australia up for the future.
New spending will also include $400 million for Inland Freight Route (Mungindi to Charters Towers) Upgrades in Queensland and $161.6 million for the Truro Bypass in South Australia.
There’s also $160 million for Agricultural Supply Chain Improvements – Package 1 in Western Australia and $150 million for National Network Highway Upgrades (Phase 2) in the Northern Territory.
In Tasmania, the Morrison Government will commit to spending $80 million for Bass Highway Safety and Freight Efficiency Upgrades in Tasmania; and $26.5 million for William Hovell Drive Duplication in the Australian Capital Territory.
Deputy Prime Minister Michael McCormack said the new funding delivered was also designed to help Australia bounce back from the COVID-19 pandemic.
“In this Budget, the Federal Government will continue our strong record of infrastructure delivery as we lay the economic foundations for recovery from the pandemic,” the Deputy Prime Minister said.
“More money for infrastructure means more jobs, more local procurement and a better future for businesses across the country and that’s why this investment is the centrepiece of our National Economic Recovery Plan.”
However, an analysis by Australia’s peak motoring body, the Australian Automobile Association (AAA), claims there’s an accumulated shortfall of $4.4 billion between land transport allocations and the totals actually spent.
Managing Director of the AAA, Michael Bradley, said an undertaking to fast track or bring forward ‘shovel-ready’ projects as a result of COVID-19.
“All Australians will be wanting Tuesday’s Federal Budget to show that those commitments are being honoured and are on track. Lives and jobs depend on it,” Mr Bradley said.
“This week’s budget will determine whether or not the public will continue to be short-changed by the infrastructure budget.”