The Albanese and Minns Labor Governments remain committed to delivering the Mount Ousley Interchange along the M1 Princes Motorway, which will improve the safety and commute time of this busy road network in the Illawarra.
An additional $72 million is being delivered to this high-priority project through the 2024-25 Federal Budget, bringing the total Australian Government commitment to $312 million.
The Minns Government is also investing $78 million towards the $390 million project.
When complete, the new Mount Ousley Interchange will include southbound heavy vehicle bypass lanes and safety ramps, a commuter carpark, and a shared path and vehicle overpass for improved access between Mount Ousley Road, M1 Princes Motorway and the University of Wollongong.
Major work is expected to start in late 2024 and the project is expected to take about four years to complete, weather permitting.
The Australian Government has also committed $5 million to undertake a final business case on improving the safety and resilience of the M1 Princes Motorway at Mount Ousley, with planning works expected to be completed by mid-2027.
An estimated five million tonnes of freight travels the M1 Princes Motorway each year, as one of the main road freight corridors to and from the Illawarra-Shoalhaven region.
The funding is part of over $3.1 billion towards vital land transport infrastructure projects in NSW in the recent Federal Budget.
This includes over $2.5 billion to upgrade important road and rail infrastructure and supports planning for future projects.
It also includes nearly $580 million to help ensure the delivery of existing projects.
The government's total infrastructure commitment to NSW over the next 10 years is $20.8 billion, including $17.7 billion in major road and rail projects, and $3 billion for smaller projects through programs such as the Roads to Recovery and Black Spot programs.
