Infrastructure & Industry
"Our cities and regions deserve the best infrastructure in the world: roads, rail, airports, schools, universities and hospitals. My Government is funding vital nation-building projects across Australia."
The Turnbull Government is investing a record $75 billion over the next ten years into nation-building infrastructure to tackle congestion, grow the regions and make life better for more Australians.
2017-18 is the single largest Commonwealth infrastructure spend in our nation’s history, where we are releasing $10 billion to build the 1,000 projects currently underway. Our investments will create tens of thousands of new jobs during construction and drive long-term economic growth.
The 2017 Budget provides for a record investment in passenger and freight rail, including $10 billion towards the National Rail Program and $8.4 billion for the transformational Melbourne to Brisbane Inland Rail.
After decades of indecision, the Turnbull Government will provide up to $5.3 billion to build the Western Sydney Airport. When it opens in 2026, the airport will have capacity for 10 million passengers a year.
The Turnbull Government has also boosted local road funding to record levels with additional funding for the Roads to Recovery, Black Spot, Bridges Renewal and Heavy Vehicle Safety and Productivity Programmes.
The Turnbull Government has committed $238 million in funding over the next four years to the Industry Growth Centres Initiative, to ensure an industry-led approach is driving innovation, productivity and competitiveness in key Australian industries:
- Advanced Manufacturing
- Cyber Security
- Food and Agribusiness
- Medical Technologies and Pharmaceuticals
- Mining Equipment, Technology and Services
- Oil, Gas and Energy Resources
The Industry Growth Centres Initiative will enable national action on key issues such as collaboration, commercialisation, international engagement, skills and regulation reform, and ensure Australia's ongoing prosperity.
The Turnbull Government is implementing the National Innovation and Science Agenda, to create jobs and keep our standards of living high.
In May 2017, the Turnbull Government also released Australia’s first Naval Shipbuilding Plan. The plan, underpinned by an $89 billion investment in 12 Future Submarines, 9 Future Frigates, 12 Offshore Patrol Vessels and up to 21 Pacific Patrol Boats, details the nation's largest ever program of naval shipbuilding and sustainment, which will transform our naval shipbuilding and sustainment industry here in Australia - with Australian workers, in Australian shipyards, and using Australian resources.
$1.4 billion in funds has been committed to develop vital infrastructure in the nation’s shipyards so that we can build the Navy's next generation of naval vessels in two shipyards: Osborne in Adelaide SA and Henderson in WA.
This Plan will ensure delivery of these modern defence capabilities set out in the 2016 Defence White Paper, creating thousands of jobs and securing the naval shipbuilding and sustainment industry for future generations of Australians.
Under the Turnbull Government
Prime Minister of Australia
The Hon Malcolm Turnbull MP
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