50 Major Infrastructure Projects Axed Amid $33 Billion Budget Blowout

Published on November 16, 2023

The Australian government will axe 50 “high-risk” infrastructure projects nationwide to curb spending after a $33 billion budget blowout. Funding will be slashed for several Queensland infrastructure projects, including the Mooloolah River interchange and the Caloundra Tennant Creek to Townsville corridor upgrade at Dingo Park Road The Geelong Fast Rail, the Sydney to Newcastle Faster Rail upgrade, the Truro Bypass, and the New England Highway also lost out following an independent review of the infrastructure investment program.  Infrastructure Minister Catherine King said the review found several projects could not be delivered with the available funding—many of which, had either stalled, made little progress, or did not align with federal, state, and territory priorities. ...

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