{"id":2996,"date":"2018-05-09T08:14:20","date_gmt":"2018-05-08T22:14:20","guid":{"rendered":"http:\/\/yinghuiinternational.com\/?p=2996"},"modified":"2018-05-16T11:17:44","modified_gmt":"2018-05-16T01:17:44","slug":"federal-budget-2018-24b-for-new-infrastructure-projects","status":"publish","type":"post","link":"https:\/\/yinghuiinternational.com\/index.php\/2018\/05\/09\/federal-budget-2018-24b-for-new-infrastructure-projects\/","title":{"rendered":"Federal budget 2018: $24B for new infrastructure projects"},"content":{"rendered":"<div class=\"article-description\">The federal government handed down its 2018-19 budget this week and $24 billion has been earmarked for infrastructure projects.<\/div>\n<div class=\"article-content\">\n<div class=\"article-image\"><img decoding=\"async\" title=\"\" src=\"https:\/\/www.insideconstruction.com.au\/w-images\/3cda2f13-3001-4203-afe4-61cd45d26a10\/2\/calculator-670x300.jpeg\" alt=\"image\" \/><\/div>\n<p>The big spend on infrastructure is forecasted provide four-fold benefit to the economy, i.e. \u00a0\u00a0every dollar the government invests will deliver a $4 return to the economy.<\/p>\n<p>This $24 billion allocation puts total federal government investment in infrastructure projects over the next decade at $75 billion.<\/p>\n<p><strong>The 2018-19 package<\/strong><\/p>\n<p><strong>Rail and road infrastructure is the major focus of this year&#8217;s budget and new national initiatives include $3.5\u00a0billion on roads of strategic importance<\/strong> &#8211; $1.5\u00a0billion\u00a0for the Northern Australia Package,\u00a0$400\u00a0million<strong>\u00a0<\/strong>for the Tasmanian Roads Package,\u00a0$100\u00a0million\u00a0for the NSW and ACT Barton Highway Corridor Package and\u00a0$1.5\u00a0billion for future national priorities &#8211; $1\u00a0billion\u00a0Urban Congestion Fund, and $250\u00a0million\u00a0for Major Project Business Case Fund.<\/p>\n<p>Turning to the states and territories, <strong>the biggest winner this year is Victoria which was allocated $7.8 billion<\/strong>. This includes $5 billion for the Melbourne airport rail project, $175 billion for the North East Link, and $475 million for Monash Rail.<\/p>\n<p>The $24 billion in new infrastructure investment also includes:<\/p>\n<ul>\n<li>$5.2 billion for Queensland including $3.3 billion for the Bruce Highway extension, $1 billion for the M1 expansion, and $390 million for Brisbane Metro.<\/li>\n<li>$2.8 billion for WA of which $1.05 billion will go towards Metronet Rail, $944 million to Perth&#8217;s congestion package, and $560 million for the Bunbury Outer Ring Road.<\/li>\n<li>$1.8 billion for South Australia. $1.2 billion will be spent on the North-South Corridor and $220 million on the Gawler Rail Line electrification.<\/li>\n<li>$1.25 billion for NSW including $971 million for the Pacific Highway Coffs Harbour Bypass and $400 million for the Port Botany Rail Duplication.<\/li>\n<li>$921 million for Tasmania of which $461 million will go towards replacing the Bridgewater Bridge. $400 million will be allocated to a Tasmanian road package.<\/li>\n<li>$259.6 million for the NT, including $180 million for the Central Arnhem Road upgrade and $100 million for the Buntine Highway upgrade.<\/li>\n<\/ul>\n<p>2018-19 budget papers can be found\u00a0<a href=\"https:\/\/www.budget.gov.au\/2018-19\/content\/documents.html\">here.<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The federal government handed down its 2018-19 budget this week and $24 billion has been earmarked for infrastructure projects. The big spend on infrastructure is forecasted provide four-fold benefit to the economy, i.e. \u00a0\u00a0every dollar the government invests will deliver a $4 return to the economy. This $24 billion allocation puts total federal government investment &hellip; <a href=\"https:\/\/yinghuiinternational.com\/index.php\/2018\/05\/09\/federal-budget-2018-24b-for-new-infrastructure-projects\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Federal budget 2018: $24B for new infrastructure projects&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[154,7],"tags":[],"class_list":["post-2996","post","type-post","status-publish","format-standard","hentry","category-154","category-news"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p83F9T-Mk","jetpack-related-posts":[{"id":7931,"url":"https:\/\/yinghuiinternational.com\/index.php\/2020\/07\/14\/commonwealth-victorian-governments-commit-more-funds-to-infrastructure-projects\/","url_meta":{"origin":2996,"position":0},"title":"Commonwealth, Victorian Governments commit more funds to infrastructure projects","author":"yinghui","date":"July 14, 2020","format":false,"excerpt":"Amid growing concerns over Victoria\u2019s COVID-19 situation, the Federal and State Governments have announced a $525 million joint investment for further infrastructure. 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Forty-four new proposals have been added to the project pipeline, now worth $59\u2026","rel":"","context":"In &quot;Go Australia (\u8d70\u8fdb\u6fb3\u6d32)&quot;","block_context":{"text":"Go Australia (\u8d70\u8fdb\u6fb3\u6d32)","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/go-australia\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3161,"url":"https:\/\/yinghuiinternational.com\/index.php\/2018\/12\/03\/strong-demand-drives-record-production-year\/","url_meta":{"origin":2996,"position":3},"title":"STRONG DEMAND DRIVES RECORD PRODUCTION YEAR","author":"yinghui","date":"December 3, 2018","format":false,"excerpt":"The boom in public infrastructure projects, particularly in Melbourne, has contributed to a record production year for the concrete, cement and aggregates industries. More than 30 million cubic metres of pre-mixed concrete were produced across Australia in the 2017 calendar year, according to a survey commissioned by Cement Concrete and\u2026","rel":"","context":"In &quot;Go Australia (\u8d70\u8fdb\u6fb3\u6d32)&quot;","block_context":{"text":"Go Australia (\u8d70\u8fdb\u6fb3\u6d32)","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/go-australia\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8265,"url":"https:\/\/yinghuiinternational.com\/index.php\/2023\/05\/29\/illawarra-steel-gets-a-boost\/","url_meta":{"origin":2996,"position":4},"title":"Illawarra steel gets a boost","author":"yinghui","date":"May 29, 2023","format":false,"excerpt":"OLIVIA THOMSON The Federal Government has announced the planning approval for a $182 million upgrade of three berths at Port Kembla, located in the Illawarra region in New South Wales. 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The outlook, broadly for the industry, isn\u2019t overly favourable with mining investment expected to fall by\u2026","rel":"","context":"In &quot;Mines and Quarry&quot;","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"budget-550x270","src":"https:\/\/i0.wp.com\/www.bnmme.com.au\/wp-content\/uploads\/2016\/05\/budget-550x270.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.bnmme.com.au\/wp-content\/uploads\/2016\/05\/budget-550x270.jpg?resize=350%2C200 1x, https:\/\/i0.wp.com\/www.bnmme.com.au\/wp-content\/uploads\/2016\/05\/budget-550x270.jpg?resize=525%2C300 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts\/2996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/comments?post=2996"}],"version-history":[{"count":2,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts\/2996\/revisions"}],"predecessor-version":[{"id":2998,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts\/2996\/revisions\/2998"}],"wp:attachment":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/media?parent=2996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/categories?post=2996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/tags?post=2996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}