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Apr 27, 2009

INFRASTRUCTURES FUNDS * Australia - Governments agree on $30bn transport investment

Canberra,Australia -ATN -28 April 2009: -- More than $30 billion will be injected into vital road and rail projects, after the nation’s governments agreed on a massive infrastructure program to boost productivity and meet demand... Minister for Infrastructure and Transport, Anthony Albanese, says the agreement is a vital step in ensuring Australia’s transport network continues to play an important part in strengthening the economy...

* New South Wales, Queensland and Victoria will be the big winners from the scheme, with each receiving $8.6 billion, $6.8 billion and $4.4 billion respectively.
* Western Australia will collect $2.8 billion, South Australia $1.7 billion, Tasmania $800 million, the Northern Territory $590 million and the ACT $200 million. * The largest investment will be in the Pacific Highway, where $2.5 billion will be spent... (Photo: outback-australia-travel-secrets: Red Roads)

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