The Federal Government has announced that it will fast track $395 million worth of funding for three major South Australian infrastructure projects.
Premier Steven Marshall has highlighted his government’s determination and strong relationship with federal counterparts for being able to push this deal through.
"When we went to Canberra earlier this year and we said we don't think we've got enough [funding],” Premier Marshal said.
“They've said, well you do the work... you roll up your sleeves, you present us with the business cases, if you can show us that you can bring forward those projects, then we will fund them. And that is exactly what has happened."
The Federal Government had previously dedicated $162 million over the next four years to the State’s infrastructure project.
In addition to the previously dedicated $162 million, federal funding is now around $557 million.The $557 million worth of federal funding will see:
- $177 million allocated to the Regency Road to Pym Street project.
- $220 million allocated to the electrification of the Gawler Rail Line.
- $160 million allocated to the duplication of Port Augusta’s Joy Baluch Bridge.
According to Deputy PM Michael McCormack, the three projects have been costed but are still in their planning stages.
"This is important for South Australia, very important for congestion-busting here in Adelaide," he said.
The new funding will see the completion timeline of these SA projects reduced to just four years, allowing the state to deliver new infrastructure to the region far sooner than previously expected.
Deputy Prime Minister, Michael McComack, has identified South Australia’s Stephan Knoll for playing a key role in facilitating intergovernmental relationships to get a deal done.
"When it comes to transport ministers, there's probably no transport minister who I talk to more often than Stephan Knoll, he's on the phone to me all the time, and that's why we've got this announcement today,” Deputy McComack said.
“He wants to make sure that the infrastructure that Adelaide and regional South Australia needs is getting delivered and he's not frightened to tell me that.”
“I've got a great relationship with Steven Marshall too."
Source: ABC News