The Australian Government is investing $120 billion over 10 years from 2022–23 in land transport infrastructure across Australia through its rolling infrastructure pipeline, most of which is under the Infrastructure Investment Program.
This program aims to improve the productivity of Australia’s land transport networks by working with every state and territory to build much-needed infrastructure across a number of individual funding programs.
The Infrastructure Investment Program is part of the Government’s broader strategy to meet our national freight challenge, get Australians home sooner and safer, and build a stronger and more resilient Australia.
At a national level, the Government has committed to upgrading key freight routes in the regions through the Roads of Strategic Importance initiative, reducing traffic congestion in cities through the Urban Congestion Fund, and developing a long-term strategy for better rail under the Faster Rail Plan. It has also pledged to reduce serious injuries and fatalities on our roads under the Road Safety Program.
The Government’s investments are based on long-term planning, including robust project identification and selection processes. This longer-term commitment provides certainty for stakeholders, allowing industry to efficiently manage skills and resources, and allowing state and territory governments to consider the most effective sequencing of major projects to maintain capacity in the construction sector. It is designed to ensure that Australia’s national land transport system is well-placed to meet future challenges.