The Hon Anthony Albanese MP
Minister for Infrastructure and Transport
Leader of the House
Member for Grayndler (NSW)
The 2013–14 Budget not only continues the rollout of the Federal Labor Government’s current multi–billion dollar capital works program, it also begins identifying the major projects to be funded as part of the next Nation Building Program, which will commence in July 2014.
We are building for the Territory’s future.
Accordingly, after consulting with the Territory Government, we are now in a position to lock in a preliminary schedule of projects to be funded and delivered over the five year life of our next Nation Building Program (2014–15 to 2018–19). They are:
Importantly, these projects do not represent the totality of our next program, with more likely to be added in the months ahead. Nonetheless, their addition to this Federal Labor Government’s ongoing capital works program takes our investment in the Territory’s road infrastructure to an unprecedented $1.1 billion.
As well as setting the agenda for the future, the 2013–14 Budget also provides the final annual instalment of $108.7 million for our current Nation Building Program (2008–09 to 2013–14), which almost doubled annual infrastructure spending from $275 to $458 per Territorian.
This year’s funding allocation will enable construction to begin on a new rail overpass along the Stuart Highway south of Alice Springs (Federal contribution: $13.0 million).
Over the coming 12 months work will also continue on a range of projects, including:
As part of our $160.0 million Flood Immunity, Safety and Productivity Package, work will also continue on:
The 2013–14 Budget continues funding for a range of initiatives which improve the Territory’s local roads and make them safer:
From the outset Federal Labor’s mission has been to reverse the neglect we inherited and invest in the modern, well–planned infrastructure that will make working people’s lives easier, our businesses more competitive and the national economy stronger.
We know there’s more to be done. But this Government is making the right decisions for the nation’s future and across the length and breadth of the Northern Territory, building the infrastructure which will stand the test of time.
This Budget keeps our economy strong and ready for the future by making the smart investments in infrastructure. We are investing for the future, putting jobs and economic growth first and protecting the important services that Australians rely on.
We’re doing this to keep our economy one of the most resilient in the world—we have low unemployment, solid growth, contained inflation and low interest rates.
For more information, please visit www.minister.infrastructure.gov.au/aa/releases/2013/May/budget-infra_08-2013.aspx
Source: ProjectLink.com.au
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