2023-2024 Federal Budget - Infrastructure

Infrastructure

2032 Brisbane Olympic and Paralympic Games - venue infrastructure

The Government will provide up to $3.4 billion over 10 years from 2023-24 to support venue infrastructure for the 2032 Brisbane Olympic and Paralympic Games. Funding includes:

• a capped investment of up to $2.5 billion for the development of Brisbane Arena
• a capped investment of up to $935.0 million investment towards 16 new or upgraded venues as part of the Minor Venues Program.

Budget Paper No 2 p 171
Budget Overview p 44
Regional Ministerial Budget Statement p 12
Media Release

Building a Better Future Through Considered Infrastructure Investment

The Government will provide $1.8 billion over 10 years from 2023-24 for infrastructure priorities to support productivity and jobs. Funding includes:

• $1.1 billion in 2032-33 to continue existing road maintenance and safety programs, with:
• $500.0 million for the Roads to Recovery Program
• $350.0 million for national road network maintenance
• $110.0 million for the Black Spot Program
• $85.0 million for the Bridges Renewal Program
• $65.0 million for the Heavy Vehicle Safety and Productivity Program
• $18.9 million for transport research organisations and innovation projects
• $361.9 million over 8 years from 2023-24 for infrastructure projects in New South Wales, including safety upgrades on the Bells Line of Road and Nowra Bypass planning
• $200.0 million over two years from 2023-24 for the Major Projects Business Case Fund to support the planning of land transport infrastructure projects
• $60.0 million over 3 years from 2023-24 to continue supplementary local road funding in South Australia

Budget Paper No 2 p 172
Media Release
Regional Ministerial Budget Statement p 12

National Approach for Sustainable Urban Development

The Government will provide $687.4 million over 6 years from 2022-23 for a national approach to sustainable urban development in Australia. Funding includes:

• $305.0 million over 5 years from 2023-24 for the Macquarie Point Precinct and University of Tasmania Stadium, to deliver urban renewal projects in Hobart and Launceston
• $211.7 million over 3 years from 2023-24 to establish the Thriving Suburbs Program to provide grants for community infrastructure in urban and suburban communities through a competitive grants program
• $159.7 million over 4 years from 2023-24 to establish the Urban Precincts and Partnerships Program to support investment in place-based priorities of local urban communities through a collaborative partnerships approach with state, territory and local governments and communities.

Budget Paper No 2 p 176
Media Release

Supporting Transport Priorities

The Government will provide $267.4 million over 7 years from 2022-23 to support land, maritime and aviation transport priorities, including to increase productivity and maintain safety across the sectors. Funding includes:

• $64.2 million over 6 years from 2022-23 for the Department of Infrastructure, Transport, Regional Development, Communications and the Arts to enable the delivery of transport and infrastructure priorities, including $35.6 million for IT systems to support infrastructure investment and road vehicle safety regulation
• $56.8 million in additional funding in 2023-24 to support and review the ongoing safety and regulatory functions of the Civil Aviation Safety Authority, the Australian Maritime Safety Authority and the Australian Transport Safety Bureau
• $43.6 million over 4 years from 2022-23 to establish a new National Road Safety Action Grants Program to support community education and awareness, vulnerable road users, First Nations road safety, technology, innovation and research
• $30.0 million over 3 years from 2025-26 to support the delivery of a common user facility at the Cairns Marine Precinct, to be met from funding previously included in the Contingency Reserve.

Budget Paper No 2 p 184
Media Release

Flood Warning Infrastructure Network Remediation

The Government will provide $236.0 million over 10 years from 2023-24 (and $13.9 million per year ongoing from 2032-33) to remediate high-priority flood warning infrastructure and address critical reliability risks. The Bureau of Meteorology will acquire, upgrade and integrate local and state government-owned rain and river gauges into its existing flood warning network.

Budget Paper No 2 p 69
Media Release

Better, Safer Future for Central Australia Plan

As part of a $250 million investment, the Government will provide funding of $155.9 million over 5 years from 2022-23 to support the Better, Safer Future for Central Australia Plan. Funding includes:

• $50.0 million over 4 years from 2023-24 under the Infrastructure Investment Program for infrastructure projects in Central Australia

Budget Paper No 2 p 83
Budget Overview p 44
Media Release

Enduring Funding Mechanism for AusCheck

The Government will provide $164.8 million over 4 years from 2023-24 to establish enduring funding arrangements for AusCheck, providing funding stability for background checking and card issuing services, recovered through charging regulated sectors. AusCheck's services will also be extended to the migration service industry through a strengthened 'fit and proper person' assessment for Registered Migration Agents, subject to the passage of legislation. The Government will also finalise arrangements for the transition to a single Government issuing body for aviation and maritime security identification cards from 2025.

Budget Paper No 2 p 158

Strengthening Australia's science, technology, engineering and mathematics capabilities

The Government will provide $132.7 million over 4 years from 2023-24 (and $17.3 million per year ongoing) to boost Australia's capability, capacity and outreach in science, technology, engineering and mathematics (STEM). Funding includes:

• $59.7 million over 4 years from 2023-24 (and $15.2 million per year ongoing) for infrastructure and ICT upgrades at Questacon, and to continue Questacon's national STEM education and engagement programs to increase science engagement
• $51.2 million over two years from 2023-24 for critical ICT and equipment upgrades at the National Measurement Institute to strengthen its capacity to maintain national measurement standards and increase confidence in Australian goods and services.

Budget Paper No 2 p 168
Regional Ministeral Budget Statement p 59
Industry, Science and Resources Portfolio Budget Statement p 100

Sydney Harbour Federation Trust - infrastructure improvements

The Government will provide additional funding of $45.2 million over two years from 2023-24 to continue the renewal and repair of heritage-listed infrastructure and undertake public safety improvements at North Head Sanctuary and Cockatoo Island.

Budget Paper No 2 p 81

Aviation Meteorological Services Charging Reform

The Government will save $43.2 million over 4 years from 2023-24 (and $11.7 million per year ongoing) by increasing the Meteorological Services Charge for international and domestic commercial aviation operators to ensure essential aviation meteorological services are appropriately funded.

Budget Paper No 2 p 65

Heavy Vehicle Road User Charge - increase

The Government will increase the Heavy Vehicle Road User Charge rate from 27.2 cents per litre of diesel by 6 per cent per year over 3 years from 2023-24 to 32.4 cents per litre in 2025-26. This will decrease expenditure on the fuel tax credit by $1.1 billion over 4 years from 2023-24.

Budget Paper No 2 p 175

Australian Infrastructure Financing Facility for the Pacific - Sasape Shipyard

The Government will provide a financing package to Sasape International Shipyard Limited (Sasape) in Solomon Islands to support the acquisition of land and capital upgrades to restore Sasape's shipyard functionality. The financing package includes a loan through the Australian Infrastructure Financing Facility for the Pacific complemented by grant funding which will be met from within Australia's existing Official Development Assistance funding.

Budget Speech p 13
Budget Paper No 2 p 117
Media Release

Extending the clean building managed investment trust withholding tax concession

The Government will extend the clean building managed investment trust (MIT) withholding tax concession to data centres and warehouses.

Budget Paper No 2 p 18