Our Victorian Regional Transport Package includes $220 million for the Murray Basin Rail project to meet increasing demand for rail freight services as well as a $350 million regional roads package.
Between 2011 and 2031, Victoria’s freight carrying task is expected to nearly double.
We must invest now to provide the infrastructure to meet this projected growth or risk traffic congestion damaging the economy and reducing our capacity to create jobs.
The Abbott-Turnbull Government has courted conflict with Victoria, particularly over the scrapped East-West Link, which would have provided a paltry 45 cents in economic benefit for every dollar invested.
Its failure to deliver major projects is reflected in Australian Bureau of Statistics figures showing that public sector infrastructure investment fell by 20 per cent between the September quarter of 2013 and the September quarter of 2015.
A federal Labor Government will end the needless conflict.
We’ll get on with delivering the railways and roads that Victoria needs to manage its strong growth and drive job creation.
Labor is the party of nation-building. Our investments will help Victoria get its fair share of federal funding for infrastructure.
We will also ensure that all major investments are subject to proper cost-benefit analysis ticked off by the independent Infrastructure Australia.
The last thing Victoria needs is another planning disaster like the East-West Link, a dud project funded by the Liberals without cost-benefit analysis.
For full details of the Victorian Regional Transport Package (and the Melbourne Roads Package), click here.