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Building Australia Fund Projects
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- Major Infrastructure Projects
The Australian Government established the Building Australia Fund to fund critical infrastructure in the transport, communications, water and energy sectors of the economy. The Nation-building Funds Act 2008 was enacted on 18 December 2008.
Following the 2008 Council of Australian Governments (COAG) meeting, Infrastructure Australia was asked to conduct a National Infrastructure Audit and to develop and maintain an Infrastructure Priority List, to enable the Australian Government to make decisions on priority projects that will advance Australia’s nation building agenda.
The Australian Government considered Infrastructure Australia’s Priority List in determining 2009–10 Budget outcomes.
In the 2009–10 Budget the Australian Government committed $8.5 billion to projects for road, rail and port infrastructure. Of this $7.6 billion is to be funded through the Building Australia Fund. See Nation building infrastructure for productivity and prosperity.
The major infrastructure projects funded through the Building Australia Fund are listed below. A link for each project will provide more detailed information.
New South Wales
- Hunter Expressway—Construction commenced August 2010 and is scheduled for completion by 2013. The total Federal investment will be $1.5 billion.
- Pacific Highway—Kempsey Bypass—Construction commenced in June 2010 and is scheduled for completion by mid 2013. The total Federal investment will be $618 million, bringing the overall commitment to the Pacific Highway to $3.1 billion.
Queensland
- Ipswich Motorway—Additional Works—Construction on the Dinmore to Goodna stage is underway with completion scheduled for late 2012. Construction on Wacol to Darra Stage 2 was completed in April 2010. Planning for the Darra to Rocklea stage is underway. Planning has commenced and a business case is expected to be completed by late 2011. The total Federal Government investment will be $884 million.
- Gold Coast Rapid Transit—Construction commenced in 2010 and is scheduled for completion in 2014. The total Federal investment is $365 million.
South Australia
- Gawler Rail Line Modernisation—Construction commenced in January 2010 and is scheduled for completion in 2013. The total Federal investment will be $293.5 million.
- Noarlunga to Seaford Rail Extension—Construction commenced in July 2010 and is scheduled for completion in 2013. The total Federal investment will be $291.2 million.
Victoria
- Regional Rail Link—Construction commenced in 2009 and works are currently underway. The total Federal investment will be $3.2 billion.
- Melbourne Metro 1—Preconstruction Work—Detailed design and preconstruction works currently underway. The total Federal investment will be $40 million.
Western Australia
- Oakajee Port Common User Facilities—The Australian Government has made provision for a possible equity contribution pending further advice on the project from Infrastructure Australia.
Northern Territory
- Darwin Port Expansion—The Australian Government has made provision for a possible equity contribution pending further advice on the project from Infrastructure Australia.
Australian Capital Territory
- In addition to the commitments made in the 2009–10 Budget, the Australian Government has recently announced funding of $144 million for the Majura Parkway project in the Australian Capital Territory with these funds to be drawn from the Building Australia Fund.
