In continuation of its six-year, $50 billion infrastructure
investment program commenced in 2013–14, Australia's
commonwealth government has pledged an additional $5 billion for
infrastructure over the next three to four years, with the program
due to end in 2019–20.
Some of the projects that will receive funding are:
Equity funding of ARTC to assist land
acquisition and other up-front works for the Melbourne to Brisbane
Inland Rail link—$594 million over three years.
Western Sydney airport, Badgery's
Creek—$115.1 million in 2016–17 for concept design of
the rail link, planning and other preparatory works at the
Reallocation of the $1.5 billion
previously set aside for Melbourne's East–West Link.
Projects slated to receive funding include an upgrade to the Monash
Freeway ($500 million), a rural and regional roads package ($345
million), an upgrade to the Murray Basin Rail Project ($220
million), completion of the upgrade to the M80 Western Ring Road
($350 million), an urban congestion package ($75 million) and the
Melbourne Metro business case ($10 million).
Forrestfield Airport Link rail
project (connecting Perth's eastern suburbs and airport to the
Establishment of a commonwealth
"Northern Australia Infrastructure Facility" to
administer the financing of infrastructure projects in Northern
Australia—$44 million over four years.
Dams and pipelines—$2 billion
of loans to the states over 10 years.
Perth Freight link—$260
Ipswich Motorway upgrade between
Rocklea and Darra—$200 million.
Second stage of Gold Coast light
The "beef roads" program, a
Northern Australia scheme initiative designed to improve the cattle
corridor—$100 million over the next three years.
Against this, the infrastructure lobby has expressed some
disappointment that the government's asset recycling fund has
not been extended past its June 30, 2016 deadline and that the
government will instead return $850 million out of the fund to
consolidated revenue to support the budget bottom line. The fund
provided commonwealth money to the states on the back of the
states' asset sales. During its recent life, the fund has
provided money to a number of projects, most notably $2.2 billion
for the Sydney Metro project and $877 million for Melbourne's
Queensland's Cross River Rail and Townsville Stadium were
not allocated funding in this federal budget.
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This decision will be significant to aviation industry participants in assessing whether claimants in the context of international or domestic carriage by air have commenced claims in an appropriate forum in Australia.
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