Partial privatisation studies included in DB restructuring
The Next Federal Election and Passenger and Freight Rail
Transport and Logistics symposium to gauge railway link
Rail gets another CRC. Third time lucky?
Chinese high speed rail should confine the XPT to history
Hendy heads to NR
Urban rail news in brief - July 2015
Inland rail a trifecta for Toowoomba region: mayor
The Coalition has underspent its infrastructure budget in its first three years by $3.7bn, according to an analysis of budget statements by Labor infrastructure spokesman Anthony Albanese.
A large part of the shortfall reflects the failure of the asset recycling fund established by former treasurer Joe Hockey to meet projections before it was shut down in last year’s budget, however Mr Albanese’s office has highlighted significant gaps in core infrastructure programs.
Major road investment, the largest program, has underspent its budget by $1.4bn or 11.5 per cent over the first three years of the Coalition government.
“I know sometimes there are good reasons for money allocated in a budget year not being rolled out in that particular year,” he said, noting weather delays or contract difficulties can have an impact. He said such excuses did not apply across three consecutive years. “Australians have a right to expect that when a government commits funding to projects on budget night, it will actually follow through and deliver those projects,” he said in a comment published in The Australian today.
The first three budgets committed $220 million to the Black Spot roads program, however only $105m had actually been spent.
This article first appeared on www.theaustralian.com.au
About this website
Railpage version 3.10.0.0037
All logos and trademarks in this site are property of their respective owner. The comments are property of their posters, all the rest is © 2003-2020 Interactive Omnimedia Pty Ltd.
You can syndicate our news using one of the RSS feeds.