Funds re-profiled to assist with flood recovery
The Hon Anthony Albanese MP
Minister for Infrastructure & Transport
Leader of the House
Member for Grayndler
February 8 2011
Following consultations with the Victorian and NSW Governments, three infrastructure projects will be re-profiled in order to free up additional funding for the urgent task of rebuilding flood affected communities.
Funding for the following projects will be re-profiled:
- Regional Rail Link – Victoria
$500 million will be re-profiled.
- Princes Highway East (Traralgon to Sale) – Victoria
$20 million will be re-profiled in light of the revised construction timetable brought about by the restrictions placed on the project under the Environmental Protection and Biodiversity Act.
- Northern Sydney Freight Line – New South Wales
$100 million will be re-profiled to better reflect construction milestones.
Planning on each will continue and all of them will be delivered.
These three projects are in addition to six Queensland based projects which the Prime Minister has already announced would be deferred by up to 36 months as well as the cancellation of South Australia’s O-Bahn project.
In economic terms, the recent floods represent the worst natural disaster in our nation’s history. This extraordinary event has required an extraordinary response from all levels of government.
The Gillard Labor Government is committed to rebuilding the roads, bridges and community infrastructure damaged by flood waters. We have a responsibility to make sure this task is done properly.