An additional $178.2 million contribution to the Australian Government Regional Rail Revival Package will provide an immediate injection into the economy help stem the impact of COVID-19 and see the completion of rail projects.
The Australian Government contribution will be supported by a $129.1 million State Government investment.
Member for Wannon, Dan Tehan said getting shovels in the ground on local construction projects is important for maintaining jobs and economic growth in Wannon.
“Every single job that we support makes a huge difference in our local communities – now and as we navigate out of the pandemic,” Mr Tehan said.
Additional funding to the original $104 million Australian Government investment will be provided to the Warrnambool Line Upgrade within the Regional Rail Revival Package. It will address cost pressures and enable the project to be completed by the end of 2021. The contract to undertake the main construction phase of the project was awarded to Downer in January 2020.
This additional investment in the Warrnambool Line rail network infrastructure is essential for helping our region recover from Covid-19; stimulating tourism, employment and education opportunities. People right across the district will directly benefit from this investment.
“The Regional Rail Revival projects will also be particularly crucial for helping us bounce back after the COVID-19 crisis has ended by ensuring we have the safe transport connections needed for all Australians to keep moving.”
Deputy Prime Minister and Minister for Infrastructure, Transport and Regional Development Michael McCormack said this initiative is part of the $320.3 million infrastructure program of shovel-ready infrastructure projects for Victoria that can support local jobs immediately.
“This funding will deliver critical infrastructure projects right across Victoria to help keep construction businesses running and people in jobs,” the Deputy Prime Minister said.
“This package will fund projects that can get underway now and over the next six months, to give an immediate boost to the economy and local jobs – right at the time we need it.
“This is part of our $100 billion, 10-year infrastructure pipeline, which is laying the foundations of a financial bridge to recovery on the other side of the COVID-19 crisis.”