Residents of South Canberra and Tuggeranong will benefit from an acceleration of funding for upgrades to the Monaro Highway.
The $200 million project which is being jointly funded by both governments, includes widening works and targeted safety upgrades to bust congestion along the corridor.
The Liberal and Nationals Government has been working with states and territories to bring forward critical infrastructure projects across Australia to drive jobs, strengthen the economy and get people home sooner and safer.
Prime Minister Scott Morrison said the Government's plan for a stronger economy meant critical road project work could be brought forward as part of the Government's $100 billion pipeline.
The Prime Minister said fast-tracking $30 million for the Monaro Highway to the 2020-21 financial year would help to expedite upgrades which increase safety, improve freight productivity and boost tourism.
"By bringing funding forward, we can get on with our infrastructure commitments like the Monaro Highway upgrade which will cut travel times and increase road safety while driving more jobs in the ACT," the Prime Minister said.
"Delivering critical road and rail projects sooner, as part of our $100 billion infrastructure pipeline, is responsible and considered economic management in partnership with the states and territories."
Acting ACT Chief Minister Yvette Berry said it was important that the Australian Government contribute funding to infrastructure projects that benefit people living in the national capital and wider region.
The ACT Government has also agreed to bring forward $15 million of its contribution to allow the first $45 million of major works to commence construction in the 2020-21 financial year.
"The ACT Government has detailed a 10-year, $14 billion Infrastructure Plan to provide services and jobs to our community, and to grow our regional economy," Minister Berry said.
"We're focused on maintaining the Capital as a great place to live, work and visit and so this funding from the Australian Government is welcome.
"The ACT Government has agreed to bring forward $15 million of its contribution to allow the first $45 million of major works to commence construction in the 2020-21 financial year and receiving the Australian Government funding sooner will better support planning and expedite construction for the jointly funded project.
"Completing the upgrades between Royalla Drive and Williamsdale Road and upgrades to the Old Cooma Road intersection in time for the 2020 ski season will help keep Canberrans safe on the roads.
"It is fantastic that the upgrades between Royalla Drive and Williamsdale Road, and upgrades to the Old Cooma Road intersection will now be complete in time for the 2020 ski season," Minister Berry said.
Deputy Prime Minister and Minister for Infrastructure, Transport and Regional Development Michael McCormack said the Government recognises the need for key rural roads to receive the upgrades they need to be safer, more efficient transport corridors as soon as possible.
"Not only are we bringing forward $30 million for the $200 million Monaro Highway Upgrade, we are also investing in the Barton Highway, Kings Highway and the William Slim Drive Duplication," Mr McCormack said.
"These upgrades will improve connectivity for freight and commuters, slashing travel times and getting people home sooner and safer."
ACT Minister for Roads and Active Travel Chris Steel said he was especially pleased that the accelerated federal funding will get the Monaro Highway Upgrade done sooner for Canberrans.
"The upgrades will keep Canberrans moving by removing at grade intersections to improve safety, traffic flow and speed along the Monaro, between Isabella Drive and Hindmarsh Drive," Minister Steel said.
Senator for the ACT Zed Seselja said he was delighted to see the upgrades moving forward, after campaigning for funding to fix congestion and safety issues on the Monaro since 2016.
"In 2016, I committed $1 million to a scoping study into easing congestion for Canberrans on the Monaro and was thrilled to be able to deliver $100 million last year to carry out the recommendations of the study, a commitment I'm pleased has been matched by the ACT Government," the Senator said.
Project funding brought forward:
- $30 million for the $200 million Monaro Highway Upgrade project
- Brought forward funding to flow from 2020-21 to expedite construction;
- Total cost of the project is $200 million;
- The Australian Government contribution to the project is $100 million ($30 million brought forward to 2020-21);
- The ACT Government will contribute its first $15 million in 2020-21;
- The ACT Government total contribution to the project is $100 million;
