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One election, two parties and lots of infrastructure promises

06 Jul, 16

 

 

AT this stage its neck and neck according to the latest polls but tomorrow Australians will decide who gets elected to run the country. There have been some big promises especially when it comes to infrastructure from both sides of the political arena.

We’ve focussed on the larger projects worth $100 million or more along with broader initiatives affecting the entire construction sector.

Major Coalition policies cover the re-establishment of the controversial Office of the Australian Building and Construction Commission (ABCC), the Youth Jobs PaTH (Prepare-Trial-Hire) program and ongoing funding for the WestConnex project in Sydney.

 

  • A City Deal for Western Sydney to address job growth in the area and improve transport links for the region, centred around Western Sydney Airport. This was agreed to with the current NSW state government.
  • A City Deal with the Queensland government for Townsville aimed at growing the city over the next decade. The Coalition envisions this being signed within half a year of it forming government.
  • A continued push for the re-establishment of the ABCC and implement the recommendations of the Royal Commission into Trade Union Governance and Corruption.
  • The Youth Jobs PaTH program for youth employment, a scheme Master Builders Australia said would fill a gap in the vocational training sector. The Construction, Forestry, Mining and Energy Union disagreed, saying it would not do anything to resolve the drop in apprenticeships.
  • The establishment of a Regional Investment Corporation to fast-track $4.5 billion in federal drought and water infrastructure loans. This covers funding held in the current $2 billion National Water Infrastructure Loan Facility.
  • $300 million in grant funding for WestConnex due to be paid after the federal election.
  • $215 million for the M1 roads upgrade in the Gold Coast.
  • $150 million to fast-track feasibility assessment and construction of water infrastructure across Queensland.
  • $150 million for the Townsville Eastern Access Rail Corridor.
  • An investment fund within the Clean Energy Finance Corporation aimed at accelerating developing of renewable and energy efficiency technology with a funding pool of up $100 million per year.
  • $100 million for Townsville in Northern Queensland, covering the construction of a modern stadium, entertainment venue and headquarters for the North Queensland Cowboys.

 

Labor’s 100 Positive Policies document outlines the party’s plans for the future and where they believe infrastructure is needed. The following are some of the key infrastructure projects Labor have pledged to commence if elected:

  • Enhance Infrastructure Australia’s role by having it administer a new $10 billion infrastructure financing facility. The facility will leverage private investment into public infrastructure projects. According to Labor a conservative analysis by Infrastructure Partnerships Australia showed a $10 billion dollar investment will create 26,000 jobs and add around $7.5 billion every year to Australia’s GDP.
  • $800 million for the Cross River Rail in Brisbane.
  • $1.35 billion for the Melbourne Metro and station upgrades including park and ride access funds.
  • $500 million for the AdeLINK Tram network expansion in Adelaide.
  • $1 billion for Perth’s METRONET.
  • $400 million passenger rail network that allows north-south rail travel across Western Sydney, and an outer orbital network.
  • $356 million for the M80 Western Ring Road upgrade in Victoria.
  • $177 million for the Craigiburn, O’Herns and Bridge Road Inn roads, which are part of the Melbourne Outer North to CBD capacity upgrade.
  • Upgrade Queensland’s Ipswich Motorway from Rocklea to Darra and invest $168 million for the M1 Pacific Motorway Gateway Merge Upgrade.
  • Restore the $100 million funding cut to Tasmania’s Midland Highway, an overall commitment of $500 million.

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