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Billions to Go to 'Boring but Essential' Infrastructure
The four-year fund will pay for roads, water and power projects that officials say could unlock 65,000 new homes.
- On Tuesday, Treasurer Jim Chalmers will unveil a $2 billion infrastructure fund in the federal budget to unlock up to 65,000 new homes over the next decade.
- Housing Minister Clare O'Neil described the projects as 'boring but essential' work, which includes building roads, power, water, and sewerage to be distributed to local councils and state utility providers.
- Of the four-year, $2 billion package, $500 million is reserved specifically for regional Australia to address critical connecting infrastructure gaps that often prevent local housing developments.
- The policy echoes a promise made by Peter Dutton in last year's election campaign; whereas the Coalition's plan targeted outer suburban 'greenfield' housing, this program also supports state utility companies.
- Beyond infrastructure, the budget includes a productivity package providing free access to mandatory Australian Standards for construction firms, which the government expects will save small businesses up to $1,600.
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21 Articles
21 Articles
Newcastle Herald+6 Reposted by 6 other sources
Budget builds up to shift for 'broken' housing market
An extra $2 billion will be pledged in the budget to build sewerage and roads for new homes...
·Newcastle, Australia
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Coverage Details
Total News Sources21
Leaning Left13Leaning Right5Center2Last UpdatedBias Distribution65% Left
Bias Distribution
- 65% of the sources lean Left
65% Left
L 65%
R 25%
Factuality
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