Investment in infrastructure has been placed firmly on the agenda in the South Australian and Tasmanian budgets, handed down by the respective governments this week.
South Australia has committed $16.7 billion investment to infrastructure over four years, to include $6.9 billion in road infrastructure, $2.2 billion in water infrastructure and $772 million in public transport.
Key to the stimulus injection is the construction of the North-South Corridor, with the final section of the project given the tick of approval. Jointly funded by the Federal Government, the project is estimated to cost $8.9 billion, and has been flagged to be completed by 2030.
Tasmania has also gone big, focusing stimulus packages towards providing an infrastructure-led recovery for the state. With infrastructure investment totalling close to $5 billion, and the record level spending is expected to support employment and return confidence in the economy to pre-COVID levels.
Key South Australia projects to receive funding
Key Tasmania projects to receive funding
