Australia’s infrastructure spending plans

In its federal budget announced on 13 May 2014, the Australian government announced plans for new infrastructure projects costing US$117.04 billion to keep the economy going after the mining boom ends. The new funding and existing projects are expected to boost infrastructure investment to US$47 billion by end of the decade. The government will invest US$11 billion to fast track infrastructure projects including US$3.4 billion for road projects, US$4.6 billion to asset-recycling fund for states and US$2.
May 14, 2014 Read time: 2 mins
In its federal budget announced on 13 May 2014, the Australian government announced plans for new infrastructure projects costing US$117.04 billion to keep the economy going after the mining boom ends. The new funding and existing projects are expected to boost infrastructure investment to US$47 billion by end of the decade.

The government will invest US$11 billion to fast track infrastructure projects including US$3.4 billion for road projects, US$4.6 billion to asset-recycling fund for states and US$2.7 billion for western Sydney's infrastructure plan. It already offered the New South Wales (NSW) government a concessional loan of US$1.8 billion to fund the WestConnex road project in western Sydney. Territories and states will get another US$4.6 billion in financing if they sell public assets and allocate them to productive infrastructures.

Meanwhile, the state government of Western Australia will invest US$22.19 billion over the next four years to build road networks, two fire stations, new hospitals and 19 new schools. The amount will include US$1.7 billion for public transport infrastructures and services. The state government expects to spend around US$277 million in 2014/2015 fiscal year and will allocate US$229 million in 2014 to acquire 124 buses and 22 three-car B-series railway wagons. The Perth Busport costing US$196 million is scheduled to be completed in 2016 and US$337 million Perth City Link project will be ready in 2014.

Related Content

  • UK government funding package benefits plug-in vehicle drivers
    February 21, 2013
    UK drivers with plug-in vehicles are set to benefit from a US$57.3 million funding package for home and on-street charging and for new charge points for people parking plug-in vehicles at railway stations. The coalition government will provide 75 per cent of the cost of installing new charge points. This can be claimed by: people installing charge points where they live; local authorities installing rapid charge points to facilitate longer journeys, or providing on-street charging on request from residents
    Read More
  • Paraguay to launch 2014 infrastructure tenders
    February 18, 2014
    Paraguay's public works and communications ministry (MOPC) plans to begin launching tenders for five of its biggest infrastructure projects next week. Among the projects is the rehabilitation of 73 kilometres of the Villeta-Alberdi highway, which will require an investment of US$46 million with financing coming from Latin American development bank CAF. CAF will also provide financing for the US$38 million rehabilitation of the Estigarribai-Infante Rivarola route, which will help connect Paraguay to th
    Read More
  • RAC to launch driverless on-demand vehicles in Perth, Western Australia
    September 21, 2018
    RAC has accepted the delivery of a driverless car from Navya which will serve as part of a shared mobility service in Perth, Western Australia. The company says it intends to use the on-demand service to gain a better understanding of the technology and to develop a roadmap for the safe transition to driverless vehicles. RAC works with government and other organisations to ensure its members and the community can move around more sustainably. Terry Agnew, CEO of RAC, says human error is the cause of mos
    Read More
  • Ukraine turns to ITS to cope with traffic increases
    June 9, 2015
    With increasing road fatalities the Ukrainian government is planning to introduce ITS technology in 2016-2017. Eugene Gerden finds out more. The government of Ukraine is considering a massive introduction of ITS in the national system of traffic during the period 2016-2017, according to a recent statement by the Ukrainian Ministry of Transport. According to the Ukrainian government, implementation of the project is an acute need, as in recent years the number of road accidents in Ukraine has significantly
    Read More

Highlighted Content