{"id":754,"date":"2024-05-26T23:40:25","date_gmt":"2024-05-26T13:40:25","guid":{"rendered":"https:\/\/plantspecs.online\/?p=754"},"modified":"2024-05-26T23:40:27","modified_gmt":"2024-05-26T13:40:27","slug":"budget-infrastructure-grants-big-boost-for-construction","status":"publish","type":"post","link":"https:\/\/plantspecs.online\/news\/budget-infrastructure-grants-big-boost-for-construction\/","title":{"rendered":"Budget infrastructure grants big boost for construction"},"content":{"rendered":"\n

The Albanese Government has introduced major reforms to its Infrastructure Investment Program, focusing on sustainability and national development.<\/p>\n\n\n\n

The 2024 federal budget allocates $16.5bn over the next decade to support a variety of projects aimed at boosting productivity, enhancing livability and promoting sustainability across Australia.<\/p>\n\n\n\n

The government has earmarked $4.6bn for 69 new projects. Notably, $1.9bn goes to road and rail infrastructure in Western Sydney, which is expected to significantly improve the region’s transportation network.<\/p>\n\n\n\n

In Queensland, $177m is designated for bridge and intersection upgrades along the Warrego Highway, aimed at improving safety and traffic flow.<\/p>\n\n\n\n

Tasmania will see $80m directed towards upgrades to the Lyell Highway between Granton and New Norfolk, enhancing connectivity and road quality.<\/p>\n\n\n\n

South Australia will benefit from $120m for interchange upgrades on the Princes Highway at Mount Barker and Verdun, improving traffic management and road safety.<\/p>\n\n\n\n

The budget also includes $50m for planning Stage 2B of the Canberra Light Rail, which will extend the city’s public transport network.<\/p>\n\n\n\n

In Victoria, $12m is set aside for the Bridgewater Road and Portland Ring Road intersection upgrade, aimed at easing congestion and improving safety.<\/p>\n\n\n\n

$540m is allocated to improve the reliability of the Australian Rail Track Corporation\u2019s interstate freight rail network. This includes a $150m upgrade to the Maroona to Portland Line in Victoria, which is expected to enhance freight efficiency and capacity..<\/p>\n\n\n\n

In Queensland, $1.15bn is allocated towards the Direct Sunshine Coast Rail Line, which will improve connectivity and reduce travel times.<\/p>\n\n\n\n

NSW will receive $50m to ensure the delivery of the Appin Road project.<\/p>\n\n\n\n

The ACT is set to benefit from $27.1m for the duplication of William Hovell Drive, aimed at improving traffic flow and safety.<\/p>\n\n\n\n

As part of the new investments, $158m is dedicated to the Major Projects Business Case Fund, supporting the planning of nationally significant projects.<\/p>\n\n\n\n

Addressing the need for increased housing supply, the budget allocates $1bn for the 2023-24 Housing Support Program \u2013 Priority Works Stream. This expands an existing $500m commitment, supporting the development of new housing projects.<\/p>\n\n\n\n

In preparation for the 2032 Brisbane Olympic and Paralympic Games, the government is spending $249.7m on the Australian Institute of Sport. This will support the construction of an accessible multi-story accommodation facility, a multi-sports dome for all-weather indoor training, and a new High-Performance Training and Testing Centre.<\/p>\n\n\n

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Artwork: Photoshop AI<\/p>\n","protected":false},"excerpt":{"rendered":"

The 2024 federal budget allocates $16.5bn over the next decade to support a variety of projects<\/p>\n","protected":false},"author":3,"featured_media":753,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,45],"tags":[7,25,46,24],"acf":[],"_links":{"self":[{"href":"https:\/\/plantspecs.online\/api\/wp\/v2\/posts\/754"}],"collection":[{"href":"https:\/\/plantspecs.online\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/plantspecs.online\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/plantspecs.online\/api\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/plantspecs.online\/api\/wp\/v2\/comments?post=754"}],"version-history":[{"count":3,"href":"https:\/\/plantspecs.online\/api\/wp\/v2\/posts\/754\/revisions"}],"predecessor-version":[{"id":757,"href":"https:\/\/plantspecs.online\/api\/wp\/v2\/posts\/754\/revisions\/757"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/plantspecs.online\/api\/wp\/v2\/media\/753"}],"wp:attachment":[{"href":"https:\/\/plantspecs.online\/api\/wp\/v2\/media?parent=754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/plantspecs.online\/api\/wp\/v2\/categories?post=754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/plantspecs.online\/api\/wp\/v2\/tags?post=754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}