Oct 22, 2009

Record road and rail spending rolling out on schedule

Record road and rail spending rolling out on schedule

The Hon Anthony Albanese MP

The Minister for Infrastructure, Transport,

Regional Development and Local Government

Leader of the House

Member for Grayndler

October 22 2009

Around the country construction work is currently underway on major road and rail projects worth $9.3 billion, supporting thousands of jobs and modernising the nation’s vital transport infrastructure following a decade of neglect.

In addition to the infrastructure currently being built, I also informed Parliament today that 32 large-scale transport projects have been completed within our first two years in office.

A full list of ongoing projects is attached.

In partnership with the states, territories and the Australian Rail Track Corporation we’ve been getting on with the job of building the modern, well planned transport infrastructure that will improve people’s quality of life and support the international competitiveness of Australian businesses.

Under our $36 billion Nation Building Program we’ve more than doubled the Federal roads budget and quadrupled investment in rail, with a majority of this funding earmarked for projects in rural and regional Australia.

This is an unprecedented investment in safer, less congested roads as well as faster, more reliable rail services.

As well as building the infrastructure vital to Australia’s long term prosperity and productivity, the investment we’re making is also supporting jobs today and helping the economy recover from the global recession.

This fact is borne out by the latest Australian Industry Group/Australian Constructors Association Construction Outlook survey which was released today. It reveals that our spending has been vital in supporting construction jobs and businesses at time of declining private sector investment.

The Program’s full details can be found at: www.nationbuildingprogram.gov.au.