Friday 16th Nov, 2018

Transport boost for Vic economy

A “STRONG pipeline of infrastructure” investment is driving Victoria’s economy, the state government says, with new figures showing a rise in the value of local investments.

A report from Deloitte Access Economics (DAE) showed the value of investment projects in Victoria grew to $76bn by the end of June.

This was an increase of 3.1% over the quarter.

DAE reported seventeen projects worth $8.3bn in total were completed in Victoria between April and June 2017, including more than $1bn to remove dangerous level crossings and fix railway stations.

“The Labor Government is getting on with delivering the Metro Tunnel, removing congested level crossings and upgrading every passenger line in regional Victoria,” said Acting Treasurer Gavin Jennings.

“Our infrastructure investment of $10 billion a year over the next four years is delivering jobs and building the transport links that hard working families need.”

Also of note is the Westgate Tunnel project, which is hoped will ease traffic congestion around the Port of Melbourne.

Infrastructure remains a controversial topic in Victoria, with the state government having forked out big money to scrap the East West Link project.


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