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Home News Australia’s US$11 billion transport infrastructure boost

Australia’s US$11 billion transport infrastructure boost

Australia is planning a US$11 billion transport infrastructure boost.

by Mike Woof
May 23, 2024
in News
Reading Time: 1 min read
A A
Australia is planning a massive programme of transport infrastructure development to improve journeys – image courtesy of © Tktktk| Dreamstime.com

Australia is planning a massive programme of transport infrastructure development to improve journeys – image courtesy of © Tktktk| Dreamstime.com

A massive budget of over US$11 billion (A$16.5 billion)is being planned by the Australian Government for transport infrastructure development. The funding will be used for both road and rail improvement works for the next decade.

Of the funding available, $6.97 billion (A$10.1 billion) will be directed to current projects. One of the largest of these current projects is the $2.28 billion (A$3.3 billion) North East Link in Victoria State.

The infrastructure development programme is expected to cut congestion and improve journey times for travellers in Australia.

Categories: Finance & Funding

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