13 May 2014

Supporting economic growth in Corangamite

Corangamite will benefit from the Abbott Government’s commitment to build the infrastructure of the 21st Century with $321 million for local projects announced in the 2014-15 Budget.

This is part of the Government’s Economic Action Strategy to invest a record $7.6 billion in productivity-enhancing infrastructure in Victoria which will create thousands of jobs, slash travel times and boost economic growth.

The record investment will support more than $125 billion of construction activity as part of the Government’s Infrastructure Investment Programme.

Federal Member for Corangamite Sarah Henderson, said the funding will support much needed infrastructure projects in Corangamite

“They will bring job opportunities, boost our local economy and make our roads safer for motorists.

Ms Henderson said that 15 projects in the Corangamite electorate will receive funding including;

• Princes Highway West – Winchelsea to Colac duplication: $185,500,000

• Duplication of the Princes Highway from Waurn Ponds to Winchelsea: $85,500,000

• Princes Highway West – Planning for Winchelsea to Colac: $7,000,000

• Great Ocean Road Upgrade: $25,000,000

• Rokewood War Memorial: $30,000

• Grovedale Sporting Club Lighting Upgrade: $200,000

• Shell Road Reserve, Ocean Grove – Park Upgrade: $3,500,000

• Colac Central Reserve Upgrade: $2,500,000

• Lake Colac Master Plan: $50,000

• Dereel Men’s Shed: $40,000

• Banyul Warri Fields Stage 2 – Youth Recreation and Play Zone: $500,000

• Water Infrastructure In Golden Plains Food Production and Employment Precinct: $ 4,170,000

• Meredith Integrated Community Hub (Learning and Wellbeing): $ 480,000

• Colac Sporting Precinct Development: $ 3,783,000

• Geelong Centre for Emerging Infectious Diseases – construction of research hub: $ 3,000,000

“Projects like these will relieve pressure on existing infrastructure and unlock the economic capacity of Corangamite, making it an even better place to live and do business,” Ms Henderson said.

The Abbott Government’s infrastructure package will drive growth and create jobs so that we can have a stronger, more prosperous economy in Corangamite.

Further information can be found at http://investment.infrastructure.gov.au/projects/.

Funding will also continue over the next six years for road maintenance, $2.5 billion for Roads to Recovery and $565 million for Black Spots, in addition to our new $300 million Bridges Renewal Programme.

The Abbott Government’s record investment is welcome news for motorists and freight transporters because transport infrastructure is essential to the prosperity of our national economy.

The new Infrastructure Investment Programme will deliver $40.8 billion between 2013-14 and 2018-19, with a further commitment of $4.5 billion budgeted for 2019-20 onwards.

Despite the Budget mess left by Labor, the Abbott Government is embarking on a significant platform of projects to drive economic growth, slash travel times in our major cities and create thousands of jobs for a more productive future.

13 May 2014