ACT sets aside $250 million for transport projects

By: Jason Whittaker


The ACT Government will invest $250 million in transport projects over five years under its Building the Future investment program. The

The ACT Government will invest $250 million in transport projects over five years under its Building the Future investment program.

The announcement was made by Chief Minister and Treasurer Jon Stanhope as he handed down the 2008 Budget on Tuesday.

Of the $250 million pledged, $22 million will be spent duplicating Athllon Drive and Flemington Road, while $84 million will be set aside for future projects to meet the demands population growth will have on the transport network.

This will include projects such as Parkes Way, Majura Parkway and the duplication of the Gungahlin Drive Extension.

Cohen Street will also be extended at a cost of $16.5 million, while $21 million will be invested in upgrades to Tharwa Drive and Airport Roads to reduce travel times.

"Our transport infrastructure is...set to further improve with $250 million invested through the billon-dollar Building the Future program over the next five years," Stanhope says.

The remaining funds will be spent on bus lanes, bike facilities and a bus interchange in Belconnen.

Stanhope says the Building the Future program will strengthen the Territory’s infrastructure and transport network now and into the future.

"The billion-dollar investment will increase the productive capacity of our economy, reduce future costs and give Canberra a competitive edge against other urban centres," he says.

You can also follow our updates by joining our LinkedIn group or liking us on Facebook