The Victorian Transport Association (VTA) has welcomed measures outlined in the Federal Budget that will deliver $4 billion in much-needed infrastructure spending in Victoria, to ease congestion and boost productivity for transport operators.
The budget sees national investment in infrastructure increase by $15.2 billion over the next decade, with major infrastructure projects forming a key component of the government’s strategy for Australia’s pandemic recovery.
Key projects set to benefit Victoria’s road users and freight operators include:
- $2 billion to support the creation of a new Melbourne Intermodal Terminal, which will accommodate the Inland Rail Project.
- $380 million for the Packenham Roads Upgrade.
- $250 million for additional Monash Roads Upgrade.
- An additional $20 million for the Green Triangle.
- $15 million for the Melbourne to Mildura Roads of Strategic Importance corridors.
- An additional $56.8 million for the Hall Road Upgrade.
- An additional $30.4 million for the Western Port Highway Upgrade.
- $17.5 million for the Dairy Supply Chain Road Upgrades.
- $10 million for the Mallacoota-Genoa Road Upgrade.
- $10 million towards the Outer Ring Road Study.
The budget also commits an additional $1 billion towards the national Road Safety Program and $28.6 million to establish a National Freight Data Hub.
VTA CEO, Peter Anderson, said the investments outlined by the Treasurer will be vital to meeting Victoria’s future freight needs and would be welcomed by the freight and logistics industry.
“With Victoria’s population expected to pass 7 billion over the next four years, we need to ensure our infrastructure not only grows with it – but does so in a strategic way,” he said.
“This budget will go a long way to helping us achieve that.
“The slated intermodal terminal and the connection that will bring to our rail, port and road networks is particularly welcome. We will continue to work with all Governments to ensure that this funding benefits the freight industry and the people of Victoria.”