New South Wales budget ‘builds for the future’

Australia’s New South Wales Government has committed US$55 billion (A$72.7 billion) over the next four years to infrastructure investments, including US$31 billion (A$41.4 billion) for roads and transport.
June 22, 2017 Read time: 2 mins

Australia’s New South Wales Government has committed US$55 billion (A$72.7 billion) over the next four years to infrastructure investments, including US$31 billion (A$41.4 billion) for roads and transport.

This includes major investment in road and public transport projects across the state: US$5.4 billion (A$7.2 billion) for the third stage of WestConnex motorway project, including the M4-M5 link, as well as investment in the Pacific Highway upgrade.

There is also funding for investment in road upgrades to support Western Sydney airport at Badgerys Creek, as well as the Regional Road Freight Corridor program to create safer, more efficient road freight corridors. US$199 million (A$264 million will be spent across four years to reduce congestion on Sydney roads by addressing critical pinch points and commencing the implementation of the Smart Motorways program on the M4 Motorway.

The budget also includes funding for public transport infrastructure and services, while the ‘More Trains, More Services’ program includes US$500 million (A$658 million) for 24 new air-conditioned suburban trains and extra services across the train network.

More than US$2 million (A$2.8 billion) will go to the Sydney Metro Northwest and City and Southwest program, which will have the capacity to move 40,000 people around the city an hour. A further US$1 billion (A$1.4 billion will be invested in maintaining the Sydney Trains network, along with  US$19 million (A $25 million) invested in planning and early work for Parramatta Light Rail, and US7.5 million (A$10 million) towards new Parramatta to Sydney CBD ferries.

Treasurer Dominic Perrottet said the Government’s economic and financial management, and successful reform agenda, meant it could deliver world-class infrastructure and services today, while also building for an even brighter future.

UTC

Related Content

  • July 23, 2015
    Over US$2.3 billion of investment awarded to upgrade motorways in England
    Highways England has appointed six joint-venture companies to design and build ten smart motorways across England as part of a US$2.3 billion investment. Three of these projects will start in autumn this year: two in the Midlands on the M1 J19 to J16 in Northamptonshire and the M5 J4a to J6 in Worcestershire, and one in the north-west on the M6 J16 to J19 near Stoke-on-Trent. The smart motorway schemes, part of the US$23 billion government investment Highways England is delivering between now and 2021
    Read More
  • February 16, 2015
    Melbourne metro funding fast-tracked
    Work has begun on one of Australia’s largest infrastructure projects: two nine-kilometre underground rail tunnels that will transform Melbourne’s public transport system. The Victoria government has fast-tracked US$31 million to establish the Melbourne Metro Rail Authority and start work on the project as soon as possible. The project also includes five new underground stations. The Authority will oversee immediate planning works, complete development of the reference design and undertake detailed site inve
    Read More
  • March 4, 2016
    UK government’s US$283 million road building boost for Bedfordshire
    Two road-building schemes worth US$283 million, which are a key part of the UK government’s long-term economic plan for Bedfordshire, are on course to be delivered on time and on budget by spring 2017. The 2.8 mile, US$229 million A5-M1 Link scheme is being delivered by Highways England, while the US$54 million, 1.8 mile Woodside Link project is being completed by Central Bedfordshire Council. The A5-M1 Link dual carriageway project is intended to improve the east-west connection between the A5 and M1
    Read More
  • December 3, 2018
    Public transit is weapon in US congestion war
    Public transit is a huge component of US transportation, insists Mary Scott Nabers, CEO of Strategic Partnerships – and infrastructure upgrades have the potential to create thousands of jobs When it comes to public transportation, the US lags far behind other countries. Governments in Europe, Asia and Canada invest heavily in public transportation because it is viewed as an essential public good. The US government, however, views public transit a little differently and funding has been inadequate for d
    Read More

Highlighted Content