2018-19 Federal Budget Report: Infrastructure (including Resources and Energy)

Building a better Australia

The 2018 Budget commits the Coalition to a $75 billion infrastructure investment over 10-years. Projects include: reducing congestion, creating more jobs and improving safety.
Digital infrastructure will also be given a boost with improvements to the accuracy of GPS and satellite imagery, with flow-on effects to the competitiveness of sectors such as agriculture, mining and marine industries.
 
The 2018-19 Budget includes a continuation of the $37.6 million (allocated in 2017-18) over five years to support the improvement of energy affordability, reliability and sustainability.


What was announced

  • National Pipeline of major projects and Initiatives
  • $3.5 billion invested in Roads of Strategic Importance
  • $1 billion allocated to an Urban Congestion Fund
  • Commitment to improving energy - affordability, reliability and sustainability

National Pipeline of major projects and Initiatives

Over 40 new major transport projects and initiatives have been tabled to provide support to Australia’s regional areas and major cities. The pipeline commits the Government to a prioritised list of projects to drive economic growth and support a growing, largely dispersed population. New projects have also been announced to address regional freight constraints.

Key projects include:
Priority regional and urban infrastructure including:  
  • $1.5 billion across New South Wales .
  • $280 million in the Northern Territory
  • $5.2 billion across Queensland including $3.3 billion to the existing Bruce Highway upgrade
  • $1.4 billion for Adelaide North-South Corridor
  • $155 million to upgrade the Nowra Bridge in NSW

Roads of Strategic Importance

The Roads of Strategic Importance Initiative (ROSI) will invest $3.5 billion to directly support regional Australia, delivered over ten years. Investments in regional routes will support local jobs and regional economic activity, and more broadly, regional tourism offerings.

Works funded may include addressing safety hazards, improving tourist connectivity, and upgrading bridges. Specific funding has been allocated to improving regional corridors in Northern Australia, Tasmania, Western Australia, and New South Wales into the ACT. It also includes funding to continue the Black Spot Program in each state.

Urban Congestion Fund

The Government will aim to reduce traffic congestion through the project pipeline as well through a dedicated Urban Congestion Fund.

The Fund will focus on alleviating congestion by investing in projects in urban areas that address common bottlenecks and last-mile access to ports, airports, and freight hubs.

Energy

This includes funding to:
  • Implement recommendations from the Independent Review into the Future Security of the National Electricity Market (the Finkel Review) and the Energy Security Board to support better planning and system security and to help consumers get better energy deals;
  • Deliver periodic energy security assessments to provide information to plan for energy supply and use into the future.