Turnbull Government welcomes matched M1 funding
04 June 2018
Federal Government: The
Turnbull Government welcomes the announcement today by the
Queensland Government that it will match our $1 billion in funding
for vitally needed upgrades on the
M1 Motorway.
The Turnbull Government has led the way on funding on the M1, announcing
in April this year that we would commit $1 billion for the construction
of two high-priority upgrade projects—one between
Varsity Lakes and
Tugun on the
Gold Coast end of the M1 Corridor, the other between
Eight
Mile Plains and Daisy Hill.
It is pleasing that the Palaszczuk Government has now abandoned its
earlier argument that the Commonwealth should fund 80% of the cost of
these projects. 50:50 funding has consistently applied for projects on
the M1 between
Brisbane and the Gold Coast for many years under both Labor and
Coalition federal Governments.
The Turnbull Government has long recognised that the M1 is one of the
most important and heavily congested routes in Queensland—with nearly 30
million tonnes of freight moving between
New South Wales and Queensland each year and between 50,000 and
155,000 vehicles per day using sections of the M1 from Springwood to
Tugun.
This is why we committed to these two new projects earlier this year, in
addition to our existing commitments made in 2016 on the M1: $115
million for the M1 Pacific Motorway—Gateway Merge and $110 million for
the M1 Pacific Motorway—Mudgeeraba to Varsity Lakes project, both of
which commenced construction last month.
This commitment followed sustained advocacy by LNP MPs Bert van Manen
MP, Member for Forde; Karen Andrews MP, Member for McPherson; Steve
Ciobo MP, Member for Moncrieff; Stuart Robert MP, Member for Fadden and
Ross Vasta MP, Member for Bonner.
Motorists will greatly benefit from this substantial investment in new
upgrades.
The Turnbull Government now looks forward to seeing detailed business
cases from the Queensland Government provided to
Infrastructure
Australia.
--ENDS--
Source: Australian Government - www.minister.infrastructure.gov.au
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