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AGREEMENT REACHED ON BIGGEST EVER FEDERAL INVESTMENT IN THE NATIONS ROAD AND RAIL INFRASTRUCTURE
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All state and territory governments have now signed onto the Rudd Labor Governments Nation Building Program, the largest ever investment in the nations road and rail infrastructure. The six year investment program provides a record $26.4 billion in Federal funding twice what the previous government spent over a similar period of time. More than half of this funding is earmarked for projects in regional Australia. The successful outcome to the negotiations between the Commonwealth and the states and territories followed a meeting in February between the Prime Minister and all the Premiers and Chief Ministers. At that meeting the Prime Minister made clear that the Nation Building Program was central to the Rudd Governments efforts to support jobs and businesses during the current global recession. The Nation Building Program will fund routine maintenance as well as upgrades to poorly designed and congested sections of the transport network which in turn will lower transport costs, tackle the escalating cost of urban congestion, cut travel times, reduce carbon emissions and saves lives. Specifically, it will:
With a relatively small population spread across a vast continent, Australia is heavily reliant on its transport infrastructure, particularly the highways and interstate rail network. Although the national road network accounts for only 3 per cent of Australias total road length, it carries 15 per cent of all traffic and 18 per cent of the countrys freight and the demand is predicted to grow significantly in coming decades. Thats why upgrading Australias transport network is central to the Governments nation building agenda and essential to the countrys international competitiveness. Media Contacts
NATION BUILDING PROGRAM: HIGHLIGHTS NSW $8.6 billion
VIC $4.4 billion
QLD $6.8 billion
WA $2.8 billion
SA $1.7 billion
TAS $800 million
NT $590 million
ACT $200 million
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URL: http://www.minister.infrastructure.gov.au/aa/releases/2009/April/AA148_2009.htm