The Commonwealth and Victorian Governments will support construction jobs across Victoria by jointly investing an additional $525 million to deliver shovel-ready infrastructure projects and urgent road safety upgrades.
Prime Minister Scott Morrison said further investment in infrastructure would play a critical role in the Commonwealth's JobMaker plan and help the Victorian economy as it recovers from the COVID-19 pandemic.
"Partnering with State and Territory Governments to invest in more infrastructure projects across Australia is a key part of our JobMaker plan to rebuild our economy and create more jobs," the Prime Minister said.
"This funding injection means we have brought forward or provided additional funding in excess of $830 million to Victoria in the past eight months.
"This package builds on the fast tracking of $514 million for infrastructure in Victoria which we announced last November, locking in priority upgrades that will bust congestion, increase productivity, improve safety, and boost jobs at a time we need it most."
Deputy Prime Minister and Minister for Infrastructure, Transport and Regional Development Michael McCormack said the Government has worked with the Victorian Government to provide additional funding for two key infrastructure projects.
"We are providing an additional $178.2 million towards the Regional Rail Revival package in Victoria, bringing the total Australian Government contribution to this project to $1.8 billion," the Deputy Prime Minister said.
"The Federal Government will also provide an additional $70.6 million in funding to complete the duplication of the Princes Highway East between Traralgon and Sale, bringing the total Australian Government contribution to $202.6 million for this project."
Federal Treasurer Josh Frydenberg said the additional $320 million in federal funding had taken the Commonwealth's infrastructure investment in Victoria to more than $29.5 billion.
"Federal funding for this package has been drawn from the recently announced $1.5 billion allocation to priority shovel-ready projects and targeted road safety works and is in addition to our existing commitments," the Treasurer said.
"We will continue to work closely with both levels of Government in Victoria to get Victorians home sooner and safer whilst creating jobs and supporting our economic recovery."
The Victorian Government will also provide $179.8 million towards the two key projects and $25.7 million for targeted road safety works.
Premier of Victoria Daniel Andrews said the road and rail projects will better connect Victorians and provide a boost for major regional centres.
"This partnership with the Commonwealth will build projects regional communities need and help keep our construction industry strong - which is more important than ever right now as we rebuild from the pandemic," the Premier said.
"This package is on top of our $2.7 billion we're investing in new projects across the state to get shovels in the ground - and boots in the mud - to kickstart our economy."
Minister for Population, Cities and Urban Infrastructure Alan Tudge the said funding injection would deliver shovel-ready projects for Victoria.
"This funding will significantly boost the Regional Rail Revival Package, helping to improve conditions for train passengers on their journeys to and from Melbourne," Mr Tudge said.
"At the same time, investment in targeted road safety works and the Princes Highway duplication will mean safer, reliable roads for thousands of Victorians."
Victorian Minister for Transport Infrastructure Jacinta Allan said this investment built on the State Government's investment in roads and rail in regional Victoria.
"We're building the transport infrastructure to support better connections to our regional cities and country towns and deliver safer roads and more reliable regional rail journeys."
The jointly-funded package is supported by investments from the Commonwealth ($320.3 million) and Victorian Government ($205.5 million).
VICTORIAN INFRASTRUCTURE PACKAGE
Shovel-ready projects
| Project | Federal funding | Total funding |
|---|---|---|
| Regional Rail Revival - Additional Funding | $178.2 million | $307.3 million |
| Princes Highway East - Complete Duplication between Traralgon and Sale - Additional Funding | $70.6 million | $121.3million |
Road safety upgrades
| Project | Federal funding | Total funding |
|---|---|---|
| Western Freeway between Woodmans Hill to Dowling Road, Miners Rest Safety Improvements | $8 million | $10 million |
| Thompson Road, North Geelong | $3.7 million | $4.6 million |
| Intersection safety upgrades on 30 high-speed, high-risk rural intersections | $16 million | $20 million |
| Ballarat Road and Hulett Street intersection improvements | $4 million | $8 million |
| Midland Link Highway, Midland Highway to Magills Lane Safety Improvements | $3.2 million | $4 million |
| Corio-Waurn Ponds Road, Geelong, Separation Street Bridge Improvements | $3.4 million | $4.2 million |
| Bandiana Link Road Safety Improvements | $400,000 | $500,000 |
| Pedestrian and Safer Schools - Urban | $6.5 million | $13 million |
| Pedestrian and Safer Schools - Regional | $5.2 million | $6.5 million |
| Midland Highway/Clyde Road Safety Improvements | $5.2 million | $6.5 million |
| Glenelg Highway/Eurambeen-Stratham Road | $2.4 million | $3 million |
| Omeo Highway (Omeo and Mitta River) | $1.1 million | $1.4 million |
| Benambra-Corryong Road | $500,000 | $600,000 |
| Tyers Road/Scubby Lane/Crosses Road Safety Improvements | $800,000 | $1 million |
| Western Freeway realignment at Pykes Creek | $4 million | $5 million |
| Traralgon-Maffra Road and Moe-Glengarry Road intersection improvement | $2.4 million | $3 million |
| Surfcoast Highway, Reserve Road/Felix Street Intersection Improvements | $1.7 million | $2.1 million |
| Geelong-Portarlington Road, Wilsons Road Intersection Improvements | $2 million | $2.5 million |
| Wendouree Station - local traffic calming | $1 million | $1.3 million |
| Total | $320.3 million | $525.8 million |
