The Federal Budget will see a $6.7 billion investment in Australia’s transport infrastructure, including $2.1 billion for NSW and ACT roads. We’ve taken a closer look at the projects that are planned, and why.
The Australian Government’s commitment of $6.7 billion (FY18: $7.8 billion) on transport includes $5.9 billion on roads. Revenue collected from motorists through the Fuel Excise will increase by $460 million to $17.3 billion. This year, 15.7 cents of out the 40.9 cents per litre petrol tax (38.3%) will be reinvested back in roads.
The Australian Government has committed to a number of crucial projects in this Budget, including:
- Almost $1 billion ($971 million) on the Coffs Harbour bypass
- $400 million for the Port Botany Rail Duplication
- $100 million to upgrade both the Monaro and Barton highways
- $155 million for the Shoalhaven River Bridge
- $45 million in funding for regional tourism infrastructure projects
NRMA Group CEO Rohan Lund said this year’s Budget would help ease congestion by improving roads and public transport in Australia’s cities while helping to make regional highways safer.