$1.5 billion infrastructure stimulus to help drive recovery in Parramatta
A new $1.5 billion Australian Government infrastructure package will provide an immediate injection into the economy and bring jobs back online to help stem the impact of COVID-19.
Liberal Senator for Western Sydney, Senator the Hon Marise Payne, said getting shovels in ground was important for maintaining jobs and economic growth in Parramatta.
“Every single job that we support makes a huge difference in our communities – now and as we navigate out of the pandemic,” Senator Payne said.
“This includes the new project to improve the intersections at Parramatta Road, Woodville Road and the M4 on-ramp which will help support construction jobs.
“As motorists know, this intersection is a major pinch-point as there is only one lane to get on to the M4 from Woodville Road.
“This new project will help to improve traffic flow, particularly for motorists travelling north from Granville, Guildford, Holroyd and Auburn, through the provision of new traffic lanes.
“This type of infrastructure project will 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 the new package would fund shovel-ready infrastructure projects that can support local jobs immediately.
“This funding will deliver critical infrastructure projects right across the country to help keep construction businesses running and people in jobs,” the Deputy Prime Minister said.
“$1 billion of 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.
“We will work together with the states and territories to deliver these job-creating priority projects, building on our unprecedented cooperation to date through the National Cabinet of States and Territories.”
“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.”
Minister for Population, Cities and Urban Infrastructure Alan Tudge said the $1.5 billion package, combined with the additional funding to local governments, is expected to support up to 12,000 direct and indirect jobs by creating new local opportunities and securing existing positions.
“This package will support thousands of jobs across our national construction sector, which we know is facing many challenges due to the ongoing COVID-19 crisis,” Mr Tudge said.
“This includes local governments as well, who will receive funding to deliver targeted projects in their area.
“We will continue to work across governments and in partnership with industry to ensure the safety of all Australians while they deliver our pipeline of critical infrastructure projects.”