A new $1.5 billion Australian Government infrastructure package will provide an immediate injection into the economy and bring jobs back online to help stem the impact of COVID-19.
Federal Member for Bennelong John Alexander OAM MP said getting shovels in the ground on local construction projects was important for maintaining jobs and economic growth in the local area.
Projects that will now proceed thanks to this new funding include:
- Bus Priority Improvements – Lane Cove Road and Waterloo Road Intersection;
- Bus Priority Improvements – Epping Road and Herring Road; and
- Intersection Improvements – Devlin Street, Blaxland Road and Parkes Street
“Every single job that we support makes a huge difference in our community – now and as we navigate out of the pandemic.
“These types of infrastructure projects will also be particularly crucial for helping us bounce back after the COVID-19 crisis has ended by ensuring we have the safe transport connections needed for all Australians to keep moving.”
The NSW Government will co-fund up to $140 million of this package, targeting pinch point relief in the transport system.
Deputy Prime Minister and Minister for Infrastructure, Transport and Regional Development Michael McCormack said the new package would fund shovel-ready infrastructure projects that can support local jobs immediately.
“We will work together with the states and territories to deliver these job-creating priority projects, building on our unprecedented cooperation to date through the National Cabinet of States and Territories.”
Minister for Population, Cities and Urban Infrastructure Alan Tudge said the $1.5 billion package, combined with the additional funding to local governments, is expected to support up to 12,000 direct and indirect jobs by creating new local opportunities and securing existing positions.
“This package will support thousands of jobs across our national construction sector, which we know is facing many challenges due to the ongoing COVID-19 crisis,” Mr Tudge said.
“This includes local governments as well, who will receive funding to deliver targeted projects in their area.
“These types of infrastructure projects will be particularly crucial for helping us bounce back after the COVID-19 crisis has ended by ensuring we have the safe transport connections needed for all of Australia to keep moving.