2024-2025 Federal Budget - Infrastructure

Building a Better Future Through Considered Infrastructure Investment

The Government is committed to delivering the priority road and rail infrastructure projects Australia needs via the over $120.0 billion infrastructure investment pipeline.

• $4.1 billion over seven years from 2024-25 for 65 new priority infrastructure projects across Australia under the Infrastructure Investment Program, including: - $1.9 billion for projects in Western Sydney, including $500.0 million for the Mamre Road Stage 2 Upgrade and $400.0 million for Elizabeth Drive - Priority Sections Upgrade
  • $300.0 million for the METRONET High-Capacity Signalling Program - Automatic Train Control - Stage 1 in Western Australia
  • $72.0 million for the Port Keats Road - Wadeye to Palumpa (Nganmarriyanga) in the Northern Territory
  • $134.5 million for the Mt Crosby Road Interchange Upgrade and $42.5 million for Bremer River Bridge (Westbound) Strengthening on the Warrego Highway in Queensland
    $115.0 million for Zero Emission Buses Tranche 1 Infrastructure - Macquarie Park Depot in New South Wales
  • $80.0 million for the Lyell Highway - Granton to New Norfolk in Tasmania
  • $64.0 million for the Berrimah Road Duplication - Stuart Highway to Tiger Brennan Drive in the Northern Territory
• $10.1 billion over 11 years from 2023-24 for existing projects in the Infrastructure Investment Program, including:
  • $3.3 billion for North East Link in Victoria
  • $1.2 billion for the Direct Sunshine Coast Rail Line in Queensland
  • $1.4 billion for METRONET projects in Western Australia
  • $578.6 million for projects in New South Wales, including $112.0 million for the M1 Pacific Motorway Extension to Raymond Terrace
  • $431.7 million for the Coomera Connector Stage 1 (Coomera to Nerang) in Queensland
  • $133.6 million for projects in South Australia, including $100.0 million for the South Eastern Freeway Upgrade
  • $113.1 million for projects in Tasmania, including $50.0 million for the Mornington Roundabout Upgrade
• $1.7 billion in 2033-34 to continue existing road maintenance and safety programs, including:
  • $1.0 billion for the Roads to Recovery Program
  • $200.0 million for the Safer Local Roads and Infrastructure Program
  • $150.0 million for the Black Spot Program
• $540.0 million for the Australian Rail Track Corporation to invest in the interstate rail network, including $150.0 million for the Maroona to Portland Line Upgrade.
• $100.0 million over four years from 2025-26 for an Active Transport Fund to support the construction and upgrade of bicycle and walking paths across Australia.

The Government will also reprofile $2.1 billion to beyond the forward estimates to better align with construction market conditions and project delivery timeframes. The Government will also provide $98.3 million over five years from 2024-25 (and $14.2 million per year ongoing) for the Department of Infrastructure, Transport, Regional Development, Communications and the Arts to support the delivery of the infrastructure investment pipeline.

Budget Paper No 2 p 144
Regional Ministerial Budget Statement p 71, 72
Media Release

Housing Support

The Government will provide additional funding to build more homes for Australians sooner, invest in more housing-enabling infrastructure, train more construction workers and support social and affordable housing and homelessness services. Funding includes:

• subject to states and territories signing the new National Agreement on Social Housing and Homelessness:
  • $423.1 million over five years from 2024-25 in additional funding to support the provision of social housing and homelessness services by states and territories under a new National Agreement on Social Housing and Homelessness. The additional funding will increase annual funding under the new agreement to $1.8 billion per year from 2024-25, with over $9.28 billion provided to states and territories over the life of the agreement
  • $1.0 billion in 2023-24 for states and territories to support enabling infrastructure for new housing through a new Housing Support Program - Priority Works Stream
• supporting more community housing providers to access finance through the Affordable Housing Bond Aggregator by increasing the cap on the Government's guarantee of Housing Australia's liabilities by $2.5 billion to $10.0 billion, with an associated increase in the line of credit that supports the Affordable Housing Bond Aggregator of $3.0 billion to $4.0 billion
• $88.8 million over three years from 2024-25 to support 20,000 new fee-free training places, including increased access to pre-apprenticeship programs, in courses relevant to the construction sector and delivered through TAFEs and industry-registered training organisations
• support to increase available rental housing by allowing foreign investors to purchase established Build to Rent properties with a lower foreign investment fee, conditional on the property continuing to be operated as a build-to-rent development.

In addition, the Government will:

• target the $1.0 billion for social housing under the National Housing Infrastructure Facility in the 2023-24 MYEFO towards crisis and transitional accommodation for women and children fleeing domestic violence, and youth, including redistributing the mix of concessional loans and grants to increase the proportion of grants to $700.0 million
• provide $1.9 billion in concessional finance to support community housing providers to deliver social and affordable housing under the Housing Australia Future Fund and the National Housing Accord.

Budget Speech p 6
Budget Paper No 2 p 74
Budget Overview p 22
Women's Budget Statement p 24
Regional Ministerial Budget Statement p 72
Media Release

Enabling Western Sydney International Airport

The Government will provide $302.6 million over five years from 2024-25 (and $53.5 million per year ongoing) to enable operations at Western Sydney International (Nancy-Bird Walton) Airport, including: $237.4 million over four years from 2024-25 (and $52.1 million per year ongoing) for border agencies to progress design, fit out and commissioning of the passenger terminal and shared Commonwealth facilities, provide federal policing and detector dogs at the airport to support critical border security and biosecurity functions.

Budget Speech p 8
Budget Paper No. 2 p 147

Supporting transport priorities

The Government will provide $237.7 million over seven years from 2023-24 (and $2.3 million per year ongoing) to support aviation, road, rail and maritime transport priorities, including:

• $101.9 million over five years from 2024-25 (and $0.8 million per year ongoing) to extend the Remote Airstrip Upgrade Program and the Regional Airports Program for two additional rounds, and continue the Remote Aerodrome Inspection Programme to improve aviation safety and access at remote airstrips and regional airports.
• $32.0 million over six years from 2024-25 to improve the National Road Safety Data Hub and support a National Road Safety Education and Awareness Campaign.

Budget Speech p 8
Budget Paper No 2 p 153
Budget Overview p 24
Regional Ministerial Budget Statement p 74
Media Release

Urban Agenda and Community Programs

The Government will achieve savings of $40.3 million over two years from 2023-24 by reducing uncommitted funding for the Investing in Our Communities Program and Priority Community Infrastructure Program.

Budget Paper No. 2 154

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