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Posted on 13/07/2020
The Federal and Victorian Governments will work closely together over the next few years as $525 million will be jointly invested in the states’ construction sector.
Deputy Prime Minister and Minister for Infrastructure, Michael McCormack, commented that the Federal Government has discussed with the Victorian State Government to provide additional funding for two of their key infrastructure projects currently being worked on.
“We are providing an additional $178.2 million towards the Regional Rail Revival Project in Victoria, bringing the total Federal Government contribution to this project to $1.8 billion,” he said.
“The Federal Government will also provide an additional $70.6 million in funding to complete the duplication of the Princes Highway East between Traralgon and Sale, bringing the total Federal Government contribution to $202.6 million for this project.”
Scott Morrison said further investments in infrastructure would play a critical role in the Commonwealth’s JobMaker plan, allowing the Victorian economy to flourish and recover after the havoc that the pandemic caused.
“This package builds on the fast tracking of $514 million for infrastructure in Victoria which we announced last November, locking in priority upgrades that will bust congestion, increase productivity, improve safety, and boost jobs at a time we need it most,” he said.
Treasurer, Josh Frydenberg, said the additional $320 million in federal funding has taken the Federal Government’s infrastructure investment in Victoria to well over $29 billion.
“Federal funding for this package has been drawn from the recently announced $1.5 billion allocation to priority shovel-ready projects and targeted road safety works and is in addition to our existing commitments,” Mr. Frydenberg said.
The Victorian Government will in addition, provide $180 million towards the two key projects as well as $25.7 million for specific road safety works.
Minister for Transport and Infrastructure in Victoria, Jacinta Allan, said this about the projects, “We’re building the transport infrastructure to support better connections to our regional cities and country towns and deliver safer roads and more reliable regional rail journeys.”
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