2024-25 Federal Budget: Productivity-enhancing infrastructure

The Budget provides $16.5 billion over 10 years from 2024–25 and $9.5 billion over the forward estimates for new and existing transport projects.   

Most of the funding ($10.1 billion) was directed towards existing projects in the Infrastructure Investment Program including: 

• $3.3 billion for North East Link in Victoria 
• $1.2 billion for the Direct Sunshine Coast Rail Line in Queensland  
• $1.4 billion for METRONET projects in Western Australia  
• $578.6 million for projects in New South Wales, including $112.0 million for the M1 Pacific Motorway Extension to Raymond Terrace  
• $431.7 million for the Coomera Connector Stage 1 (Coomera to Nerang) in Queensland  
• $133.6 million for projects in South Australia, including $100.0 million for the South Eastern Freeway Upgrade  
• $113.1 million for projects in Tasmania, including $50.0 million for the Mornington Roundabout Upgrade  
• $35.9 million for projects in the Northern Territory, including $25.0 million for the Carpentaria Highway Upgrade 
• $27.1 million for the William Hovell Drive Duplication in the Australian Capital Territory 

The Budget provided $4.1 billion over seven years from 2024–25 for 65 new priority infrastructure projects. This includes several projects that had been delayed as a reuslt of the Government’s review of the $120 billion infrastructure investment pipeline. 

• $1.9 billion for projects in Western Sydney, including $500.0 million for the Mamre Road Stage 2 Upgrade and $400.0 million for Elizabeth Drive – Priority Sections Upgrade 
• $300.0 million for the METRONET High-Capacity Signalling Program – Automatic Train Control – Stage 1 in Western Australia  
• $72.0 million for the Port Keats Road – Wadeye to Palumpa (Nganmarriyanga) in the Northern Territory  
• $134.5 million for the Mt Crosby Road Interchange Upgrade and $42.5 million for Bremer River Bridge (Westbound) Strengthening on the Warrego Highway in Queensland  
• $115.0 million for Zero Emission Buses Tranche 1 Infrastructure – Macquarie Park Depot in New South Wales  
• $80.0 million for the Lyell Highway – Granton to New Norfolk in Tasmania 
• $64.0 million for the Berrimah Road Duplication – Stuart Highway to Tiger Brennan Drive in the Northern Territory 
• $120.0 million for the Mount Barker and Verdun Interchange Upgrades in South Australia  
• $54.0 million for the Regional Road Safety Program – State Roads in Western Australia  
• $53.6 million for the Great Northern Highway – Brooking Channel Bridge Replacement in Western Australia 
• $50.0 million to plan for Stage 2B of the Canberra Light Rail in the Australian Capital Territory 
• $17.6 million for projects in Victoria, including $12.0 million for the Bridgewater Road and Portland Ring Road intersection upgrade 

The Government will also reprofile $2.1 billion to beyond the forward estimates to better align with construction market conditions and project delivery timeframes. 

Looking ahead, the Budget includes $1.7 billion to continue vital road infrastructure and maintenance programs beyond 2033-34, $158 million for the Major Projects Business Case Fund to support planning for nationally significant projects.