Budget: Motorists Welcome Continued Commitment to Transport Infrastructure Investment
The peak national motoring body, the Australian Automobile Association (AAA), is encouraged the Federal Budget has maintained funding commitments to vital transport infrastructure and reaffirmed the need for these projects to be rolled out as quickly as possible.
“In a year in which there are many competing demands on the Budget, it makes sense that the Government would continue to prioritise its program of strong investment in transport infrastructure,” AAA Chief Executive Michael Bradley said.
“Infrastructure is the bedrock upon which future economic growth will be built, so at a time of such economic volatility, it is critical that Australia keeps investing in activities that boost productivity and create jobs.”
Infrastructure expenditure on land transport for 2015-16 is $7.0 billion. This represents an increase on the 2014-15 expenditure, which was $4.9 billion.
Revenue from fuel excise in 2015-16 will be $15.2 billion, an increase from the 2014-15 figure of $14.8 billion.
“Given Australian motorists will this year pay a record level of motoring-related taxes it is pleasing to see the commitments to transport infrastructure have been maintained at high levels,” Mr Bradley said.
“Given that much of the funding will be rolled out in future years, motorists will be watching closely to ensure that these projects continue to be developed on time and on budget,” he said.
“Investment in infrastructure will bring both economic and social benefits in the form of decreasing travel times and lives saved.”