What is infrastructure investment
Infrastructure investment assists national, regional economic and social development by the provision of funding aimed at improving the performance of land transport infrastructure.
The Australian Government is committing over $70 billion from the 2013 to 2014 financial year to the 2020 to 2021 financial year to transport infrastructure across Australia, using a combination of grant funding, loans and equity investments, to improve long-term productivity, increase and spread Australia's economic growth, and deliver higher incomes for Australians.
The government is further establishing a 10-year allocation for funding road and rail investments, recognising that many transformational projects are planned and built over many years. This will deliver $75 billion in infrastructure funding and financing from the 2017 to 2018 financial year to the 2026 to 2027 financial year.
The Australian Government promotes sustainable national and regional economic growth, development and connectivity by contributing to the development of an integrated National Network which:
- Improves national and inter-regional connectivity for people, communities, regions and industry.
- Improves national, inter-regional and international logistics and trade.
- Enhances health, safety and security.
- Is consistent with the obligation to current and future generations to sustain the environment.
- Is consistent with viable, long-term economic and social outcomes.
- Is linked effectively to the broader transport network.
- A defined National Network of important road and rail infrastructure links and their intermodal connections.
- A National Land Transport Plan designed to integrate planning and investment on the National Network.
- Earmarked funding for local and regional transport improvements.