PM Transcripts

Prime Minister, Deputy Prime Minister, Minister for Infrastructure, Transport and Regional Development, Treasurer, Minister for Communications, Urban Infrastructure, Cities and the Arts

New South Wales continues to benefit from the Morrison-Joyce Government’s record infrastructure investment, with $3.3 billion committed to the state’s infrastructure pipeline in this week’s Federal Budget.

As part of our plan for a stronger future, our Government is continuing to invest in projects that create jobs, keep commuters and freight safe and moving, and drive economic growth.

With investments in new and existing infrastructure projects in every state and territory, the Government’s national rolling 10-year infrastructure investment pipeline will increase from $110 billion to over $120 billion, a new record.

Key new projects funded in New South Wales in the 2022–23 Budget include:

• $1 billion for the Sydney to Newcastle – (Tuggerah to Wyong) faster rail upgrade
• $336 million for the Pacific Highway – Wyong Town Centre
• $264 million for the Newell Highway Upgrade – Heavy Duty Pavement Upgrades – North Moree
• $232.5 million for Mulgoa Road Stage 2 – Glenmore Parkway to Jeanette Street, Stage 5A Blaikie Road to Jamison Road and Stage 5B Jamison Road to Union Road.
• $100 million for the Southern Connector Road, Jindabyne
• $95.6 million for the Picton Bypass and and Picton Road - Planning
• $77.5 million for a business case for Stage 2 of the Sydney Metro – Western Sydney Airport line

The Budget also includes additional funding for existing projects, including:

• $352 million for the Milton Ulladulla Bypass
• $300 million for the Grade Separating Road Interfaces
• $65 million for the M5 Motorway – Moorebank Avenue – Hume Highway Intersection Upgrade

This brings the Coalition’s total infrastructure investment in New South Wales since 2013 to more than $48.5 billion across 240 road and rail infrastructure projects, with 106 projects completed over this period.

Australian Government-funded transport infrastructure projects currently under construction in NSW will support around 57,000 jobs over the life of the projects.

Prime Minister Scott Morrison said the Government’s record infrastructure investment was keeping Australians moving and supporting thousands of local jobs across the country.

“A strong economy means a stronger future,” the Prime Minister said.

“Continuing to provide record future funding for road and rail projects is a key part of our economic plan for the long term to keep our economy strong.

“By investing in these projects we are delivering the infrastructure that the Australian economy needs to grow, to get Australians home sooner and safer, and generate thousands of jobs and new opportunities for small businesses right across the State.

“Australia’s future success relies on a strong economy. Our strong economic recovery is being driven by our record funding for major road projects right across the country.

“Our investment in these infrastructure projects will support more than 10,000 direct and indirect jobs in NSW over the construction life of these projects, providing certainty and security for businesses and communities across the State.”

Deputy Prime Minister and Minister for Infrastructure, Transport and Regional Development Barnaby Joyce said the Government is building the infrastructure that will make our nation and economy stronger.

“We are investing in projects that will drive the growth of industries that generate the wealth our nation needs to become as strong as possible as quickly as possible,” the Deputy Prime Minister said.

“Getting more commodities to ports and sending them overseas will generate more export income, making our nation wealthier and stronger. Better roads and infrastructure will enable that.”

Treasurer Josh Frydenberg said infrastructure is a key pillar of our economic plan to grow the economy and get more Australians into work.

"With the unemployment rate already at an equal 48 year low, the measures in this Budget will create an additional 40,000 jobs across Australia, building on our world leading economic recovery,” the Treasurer said.

“By enhancing transport connectivity, we’re strengthening our supply chains against challenges such as COVID-related disruptions and the impact of natural disasters. This gives businesses and consumers the confidence and certainty they need in uncertain times.”

Minister for Communications, Urban Infrastructure, Cities and the Arts Paul Fletcher said this investment would support sustainable growth across New South Wales.

“Our Government has a strong track record in delivering infrastructure that improves connections, reduces congestion and helps keep Australians moving, particularly across our fast growing urban centres,” Minister Fletcher said.

“This Budget includes a significant investment in faster rail projects to enhance connectivity between capital cities and regional centres, under the Morrison Government’s Faster Rail strategy.

“The $1 billion commitment in this budget to boosting rail capacity between Tuggerah and Wyong, through the quadruplication of track on this corridor, will contribute towards faster, more frequent and more reliable services between Sydney and Newcastle - currently the busiest regional passenger rail corridor in Australia.

“We also remain focussed on delivering infrastructure that supports the fast growing Western Sydney region, with this Budget including $77.5 million for a business case for Stage 2 of the Sydney Metro - WSA line from Bradfield to Glenfield, via Leppington, which will connect the new $5.3 billion Western Sydney International (Nancy-Bird Walton) Airport when it opens.”

For more information on investments in NSW, visit Infrastructure Investment Program.

2022-23 Budget project list for NSW

The Australian Government has committed over $3.3 billion towards infrastructure projects in New South Wales, including over $2.4 billion committed towards new projects and over $804 million in additional commitments for existing projects.

Additional Funding For Existing Projects