May 14, 2014

Infrastructure: genuinely new roads money, but check the detail

There's definitely new money in Joe Hockey's budget for road infrastructure. But the detail reveals it's not as much as the government wants us to believe.

Paddy Manning

Crikey business editor

There definitely is new roads spending in last night’s federal budget, but you have to check the fine print. And the bigger question is where the fresh money has come from.

Treasurer Joe Hockey’s claim on Sunday that it constitutes the largest road funding increase in Australian history definitely belongs in the political puffery basket. A comparison of the big-ticket items in the new infrastructure package with the infrastructure project funding announced in Labor’s budget in 2013 (and spread over four to six years) shows:

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2 thoughts on “Infrastructure: genuinely new roads money, but check the detail

  1. Krueger Paul

    Cancels rail, builds roads. Most of the funding for which will fall outside of this term of gov.

  2. Liz Connor

    As a person living in Tasmania, I admit my bias. But Bass Strait is our interstate highway, and I cannot find any mention in the Budget of spending (or supporting investment) on infrastructure to improve freight or passenger sea transport from Tasmania to Victoria – our only gateway to the rest of Australia. This would increase our ability to contribute to Australia’s prosperity since even a relatively small improvement in this would increase Tasmanians’ employment prospects and productivity, and reduce our above-average dependence on the welfare system.

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