14 October Federal Budget 2020: Infrastructure Spend October 14, 2020By ICI Administrator Aspire 0 By Josh Hallam, General Manager ICI Australia In a historic 2020 Budget, the Treasurer announced further investment into infrastructure around Australia including roads, rail and bridges. Where is the investment going? What projects in what states are set to be awarded? The Federal Government have increased the investment in infrastructure across Australia up to $14 billion including spend already introduced since the beginning of the pandemic. This additional investment is set to create 40,000 jobs across the country. The Treasurer was also very clear that the funding was provided to the states on a “use it or lose it” basis. Across each state, investment in major projects includes: New South Wales: $560 million for the Singleton Bypass on the New England Highway $360 million for the Newcastle Inner City Bypass between Rankin Park and Jesmond $120 million for the Prospect Highway Upgrade $491 million for the Coffs Harbour Bypass (Bringing the total Federal contribution to $1.5 billion) Queensland $750 million for Stage 1 of the Coomera Connector (Coomera to Nerang) $112 million for the Centenary Bridge Upgrade in Brisbane $76 million for Stage 2 of the Riverway Drive Upgrade between Allambie Lane and Dunlop Street in Townsville $42 million for the Mt Lindesay Highway Upgrade between Johanna Street and South Street in Jimboomba Victoria $320 million for the Shepparton Rail Line Upgrade $208 million for Stage 2 of the Warrnambool Rail Line Upgrade $292 million for the Barwon Heads Road Upgrade $85 million to upgrade Hall Road in Cranbourne Western Australia $88 million for the Reid Highway Interchange with West Swan Road $70 million for the Roe Highway Widening and Abernethy Road Upgrade $16 million to undertake sealing of priority sections of the Goldfields Highway between Wiluna and Meekatharra $16 million to undertake upgrades on the Broome-Cape Leveque Road and associated community access roads South Australia $200 million for the Hahndorf Township Improvements and Access Upgrade $136 million for Stage 2 of the Main South Road Duplication between Aldinga and Sellicks Beach $100 million for the Strzelecki Track Upgrade Tasmania $150 million for the Midway Point Causeway (including McGees Bridge) and Sorell Causeway as part of the Hobart to Sorell Roads of Strategic Importance corridor $65 million to upgrade the Tasman Bridge Northern Territory $120 million to upgrade the Carpentaria Highway $47 million for National Network Highway Upgrades Australian Capital Territory $88 million for the Molonglo River Bridge $50 million for a South West Corridor upgrade package Related Posts Federal Investment in Civil Infrastructure - Is it Enough? At the end of June, the Federal Government, in partnership with State Governments, announced an additional $1.9 billion of investment in civil infrastructure. We have compiled a brief overview of where this investment is going and what projects are happening in each state, but is it enough? How to Save Money on Your Food Budget Now more than ever, families need to look at ways in which they can save money on their weekly grocery bills. We have placed together a number of steps that can see you not only decreasing your food budget but saving for that much needed holiday, renovation or new home. The Institute of Civil Infrastructure expands into Queensland The Institute of Civil Infrastructure has partnered with CCF QLD to launch the industry’s own continual professional development program for civil managers. The Institute of Civil Infrastructure begins partnership with Western Australia The Institute has continued to grow across the country with an exciting new partnership with the Civil Contractors Federation Western Australia. As the peak body for civil construction in WA, the opportunity for ICI to partner with CCF WA is a great way to support the men and women of the industry in their professional development. Invest In You In 2020 In the following opinion piece, David Castledine, CEO of CCF NSW and the Institute of Civil Infrastructure, shares his personal approach to professional development. In my view, everyone should invest some time in personal learning. It’s good for themselves and their career, and it’s good for the industry. Everyone knows this, but few do it, particularly in the civil industry. Here is the strategy I have honed over my 40-year working career; it has taken me from Apprentice to CEO. 4 Common Financial Mistakes to Avoid During a Crisis With Victoria recording another spike in COVID-19 cases and headed into yet another lockdown, it is only natural households feel the enormous financial pressure and uncertainty of their future. So here are 4 common financial mistakes to avoid during a crisis. Comment (0) Comments are closed.