Federal Budget delivers for transport projects
Enhanced national transport infrastructure is at the heart of the Federal Government’s post-COVID economic stimulus outlined in this week’s Federal Budget.
Funding has been committed to projects in every jurisdiction and it is forecast that the investments will support 30,000 direct and indirect jobs.
Among the highlights announced on Tuesday evening were:
- $560 million for the Singleton Bypass on the New England Highway in New South Wales
- $292 million for the Barwon Heads Road upgrade; and $85 million to upgrade Hall Road in Cranbourne in Victoria;
- $750 million for Stage 1 of the Coomera Connector (Coomera to Nerang) in Queensland;
- $88 million for the Reid Highway Interchange with West Swan Road in Western Australia;
- $200 million for the Hahndorf Township Improvements and Access Upgrade in South Australia;
- $150 million for the Midway Point Causeway (including McGees Bridge) and Sorell Causeway as part of the Hobart to Sorell Roads of Strategic Importance corridor in Tasmania;
- $120 million to upgrade the Carpentaria Highway in the Northern Territory; and
- $88 million for the Molonglo River Bridge in the ACT
A full list of key projects funded in each state and territory is available as part of the Deputy Prime Minister’s Budget night statement.
Stimulating business investment and activity
The Federal Budget also provided incentives to encourage businesses to invest in job-creating activity by expanding the asset write off.
The measure is available for businesses with a turnover of up to $5 billion and will allow them to write off the full value of any eligible asset they purchase.
It is envisaged the initiative will encourage the purchase of new equipment (including fleet upgrades), investment in new IT systems and the purchase of new fixtures and fittings for premises.
Scott Power, Executive Director of Operations for RA member BMD was featured in coverage of the new measure in the Australian Financial Review.
WA State Budget sets up $11.8bn pipeline
Yesterday’s State Budget in Western Australia included major investments in transport infrastructure, with an $11.8 billion pipeline of works across Western Australia over the next four years.
Among the major projects supported in the Budget are:
- $100 million to install Smart Freeway technology on the Mitchell Freeway between Hester Avenue and Vincent Street, including works on 16 on-ramps;
- $50 million to construct a 6-metre-wide Causeway Cyclist and Pedestrian Bridge with dedicated pedestrian and cyclist lanes to the west of the Causeway;
- $275 million to construct a 45.6 kilometre, 10-metre-wide sealed bypass two lane highway west of Bindoon, including connections to existing roads and overtaking lanes; and
- $36 million on the Great Northern Highway Port Hedland Deviation project.
Full details of all projects are available here.
Support contract awarded for WestConnex M4 and M8
Roads Australia member SICE has been awarded the opportunity to support a complex ecosystem of safety systems by signing a three-year fixed price support contract for the M4 and M8.
Motorways and tunnels are managed by a complex mix of systems from many different hardware and software vendors which can create logistical challenges when trying to maintain and repair the systems. By having a multi-skilled team, SICE are able to provide a “one-stop shop” to maintain, diagnose, restore services and resolve issues.
SICE Australia MD Manuel Gonzalez Arrojo said “This new agreement to support the M4 and M8 signifies SICE’s commitment to our long-term partnership with WestConnex | Transurban. As part of this contract, we’ve extended our DLP promises and taken on business continuity obligations to keep the road open and safe for all road users. SICE designed and integrated most of these systems, so this demonstrates our confidence in our products and our people. It also demonstrates SICE’s long term commitment to its Australian customers and road users.
Online asset management course to kick off in 2021
Enrolments have opened for Australia’s only online, industry designed qualification course in asset management.
Offered by Roads Australia member the Centre for Pavement Engineering Education (CPEE), the comprehensive new course is aimed at both aspiring asset managers and those who already work in the space but want to sharpen and formalise their skills.
The core units of the new online course cover the principles of asset management and the economics of financial management. Participants can choose two additional elective units from a suite of four, comprising road asset management, sustainable physical infrastructure, project management elements, and the principles, management and risks of contracts.
CPEE CEO Ray Farrelly says the new offering “delivers a formal qualification and practical, transferrable skills that are in demand right across Australia and around the world.”
More details are available here.