The Albanese Government is committed to delivering the infrastructure Australia needs, creating jobs and growing the economy while not increasing pressure on inflation.
The independent strategic review found that the Infrastructure Investment Program inherited from the former Coalition Government was undeliverable.
Under the Liberals and Nationals, the number of projects in the Infrastructure Investment Program blew out from nearly 150 to 800.
Many projects lacked proper planning, didn’t have informed costings and weren’t ready for Commonwealth investment.
The review found an estimated $33 billion in known cost pressures across all projects in the program and there is a high risk that figure could increase.
Now that the review has been completed and after considered consultation with the States and Territories, the government has a forward plan of projects that are properly planned
and targeted to unlock significant economic, social, and environmental objectives.
In southwest Sydney, extra funding totalling $37,500,000 has been confirmed for the M5 Motorway – Moorebank Avenue – Hume Highway intersection upgrade. This brings total
Australian Government funding for this project to $190,000,000.
Here in southwest Sydney funding has been confirmed for:
1. Bernera Road upgrade at Yarrawa Street Prestons ($2,643,538)
2. Bringelly Road upgrade ($407,000,000)
3. Heathcote Road upgrade, Hammondville to Voyager Point ($94,000,000)
4. Kurrajong Road intersection upgrade at Beech Road and Lyn Parade, Prestons ($4,013,538)
5. Middletown Drive extension – M7 underpass ($6,000,000)
In Werriwa and across Australia, the Albanese Government is delivering infrastructure that make communities safer, promotes productivity and unlocks the potential of cities, towns
and regions.
Quotes attributable to Infrastructure, Transport, Regional Development and Local Government Minister Catherine King:
“The Albanese Government is committed to delivering infrastructure that builds Australia and improves lives. To do this, we need an infrastructure program that is fit for purpose,
fiscally responsible and above all, deliverable.
“We are delivering infrastructure that creates jobs and helps wages grow, and makes our communities better connected and more livable.”
Quotes attributable to the Member for Werriwa, Ms Anne Stanley MP: “I am pleased that the Minister and the Albanese government has recognised the importance of these projects and our region. These projects matter to our community and shows our Government can be trusted to deliver where there is the greatest need.”