South Australia will receive an AUD 415m (USD 282m) funding injection, partly from the federal government, to help it fast track several of its infrastructure projects.
Canberra will chip in around AUD 250m of the total funding for the projects, which will all be entirely government-funded, the federal and South Australian governments jointly announced on Monday. The state government will contribute the rest.
Just AUD 78m is newly announced funding, with around AUD 328m already committed to projects and classed as “accelerated” money.
The projects to get a boost include about AUD 87.5m for the AUD 754m Darlington Upgrade – part of Adelaide’s 80km, multibillion dollar North-South Corridor road project, which is the state’s biggest single project.
The federal and state governments will also provide AUD 16m to speed up construction on the Flinders Link rail project, which adds a rail link and new station to Flinders University, which is supporting a AUD 1.5bn expansion of the university campus.