2014 State and Territory Budget Wrap Up1 July 2014
With most of the 2014/15 budgets now handed down by the federal, state and territory governments and funds allocated to new projects across the country, we thought we’d put together a bit of an overview of the biggest upcoming projects. And as you can see the next few years are looking pretty busy for the civil industry.
The Department of Transport, Planning and Local Infrastructure is planning an integrated transport system, encouraging walking and cycling and helping to deliver public transport projects. There is a considerable increase in funding for much needed road maintenance, and it’s pleasing to see there are widespread opportunities for the sector between metropolitan and regional areas.
- $8.5–$11 billion for the Melbourne Rail Link
- $2–$2.5 billion for the Cranbourne‑Pakenham Rail Corridor project
- $8–$10 billion for East West Link – Western Section
- $850 million CityLink – Tulla widening project that will be delivered in partnership with the private sector
The Gold Coast 2018 Commonwealth Games is a major focus for this budget. The games will be hosted across a range of new, upgraded and existing sporting venues across the Gold Coast, Brisbane, Cairns and Townsville. With planning and design works now underway we’re also likely to see a range of public and privately funded infrastructure projects crop up to accommodate this major event.
Other top projects:
- Toowoomba Second Range Crossing – $321 million towards the history making $1.6 billion, 41 km innovative toll road project
- $768 million to upgrade sections of the Bruce Highway
- $495 million for infrastructure improvements under the Royalties for the Regions program
- $2 million to recommission the Mary Valley Line, enabling the The Valley Rattler, a local heritage train service, to operate again.
With Western Australia’s population predicted to double to 3.5 million by 2031, the Barnett Government has placed significant emphasis on ensuring that the state’s infrastructure is equipped to cope, committing $23.7 billion major projects over the next four years.
- $2 billion Forrestfield Airport Link
- $1.24 billion Perth Stadium
- $1.8 billion Fiona Stanley Hospital
- $1.2 billion Perth Children’s Hospital
- $1.2 billion to deliver new school infrastructure across the state
The Northern Territory’s 2014/15 $1.14 billion infrastructure program reinforces the Government’s plans of creating economic opportunities for all Territorians. The territory’s infrastructure program will focus on improving transport networks across the region and include $276 million to upgrade deliver and maintain power, water and sewerage infrastructure.
- $408 million to build new and upgrade existing roads and transport assets
- $135.5 million for projects to accelerate the release of residential, commercial and industrial land
- $122.8 million to build new, and upgrade existing, houses in remote communities
- $421.7 million for new and upgraded infrastructure in remote communities to deliver better housing, transport, health, education and police facilities
The state will invest $10.1 billion over four years with the aim of rebuilding and expanding the State’s economic and social infrastructure to accommodate future needs. There is significant investment planned across transport, health, education and public housing infrastructure.
- $3.1 billion health infrastructure including New Royal Adelaide Hospital
- $1.3 billion roads projects including Torrens Road to River Torrens upgrade
- $296 million public transport upgrades
- $166 million towards new educational facilities and improvements
NEW SOUTH WALES
The NSW government is looking to close what they see as a $30 billion infrastructure gap. This budget is prioritising major rail and road projects with the aim of alleviating congestion, and improving the quality of services. Health infrastructure is also being bolstered, with major works and upgrades to hospitals and ambulance stations planned across the state.
- $8.3 billion North West Rail Link will be Australia’s first fully automated, high capacity, rapid transit network
- $3.5 billion (over ten years) will be committed for major road upgrades and new road infrastructure to support the development of an airport at Badgerys Creek
- $2 billion South West Rail Link
- $1.3 billion to be spent on Health infrastructure state-wide
Project budgets expected in August 2014.