The Australian Federal Government has released plans for Australia’s capital cities for the next decade, as part of a major overhaul of the nation’s infrastructure.
Key points:The Australian Government has a range of housing projects and land swaps underway, but most of them are not yet ready to move forwardThe $1.2 trillion package is being announced in Melbourne’s parliament on ThursdayMr Hockey said the package would see about 1.3 million new jobs created in the next five yearsThe new house plan for Melbourne’s CBD is a big step forward, but there are a number of other plans that still need to be finalizedThe new Victorian Government plans to spend $1 billion on an upgrade to the city’s CBD, while the Federal Government is aiming to spend more than $300 million on an overhaul of Melbourne’s rail network.
The Commonwealth has also committed to spending $1 trillion over the next 15 years to improve Australia’s rail system, while spending $900 million on new housing projects in Victoria and New South Wales.
The Government announced a major expansion of the state’s rail infrastructure in May, with $1bn earmarked for a line that connects Melbourne to the Port of Launceston.
A new $1-billion upgrade to Melbourne’s north-west rail network is also expected to be completed this year, while a new $700 million upgrade to Victoria’s north west rail network will start in 2021.
A $200 million plan to improve the rail network around Melbourne’s northern beaches has also been announced, and the Government is hoping to start construction on the state-funded Southern Rail project by 2022.
There will also be about 1,600 new jobs and $200 billion in spending on housing and infrastructure projects in the coming years, including a $100 million upgrade of the CBD.
Mr Hockey was also quick to praise the Melbourne Council for Urban Renewal, which has spent more than a decade planning for the CBD, saying it was a “huge win” for the city.
“It’s a huge win for Melbourne, the Council has put forward a lot of projects to make the city more attractive to new residents and that’s great,” he said.
“There’s been a lot more investment in the CBD in recent years, but the Government’s been very keen to give the city that boost.”
But he warned the state was still struggling to deliver housing in Melbourne, as many of the existing houses are not fit for purpose and “there’s a lot left unfinished”.
“The problem is, in the current environment, there’s not a lot to buy,” he told reporters in Melbourne.
“We’re not going to get a house in Melbourne in the near future that’s going to be fit for a modern house.”
The Government has also promised $900m in infrastructure spending to Melbourne over the course of its 10-year plan.
“The plan that we’re announcing today will see Melbourne’s infrastructure investment grow by $500 million over the first 10 years of the $1,300 billion package,” Mr Hockey said.
Topics:government-and-politics,elections,house-and.house-3020,melbourne-3000,vic,melbournian-states-2047,australiaFirst posted September 03, 2019 06:47:35More stories from Victoria