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More than $10 billion being spent on infrastructure

Source: South Australian Government - www.premier.sa.gov.au 

16 September 2010

Treasurer Kevin Foley says today’s State Budget will invest $10.7 billion over the next four years in maintaining the Government’s program of rebuilding and expanding South Australia’s infrastructure at historically high levels.

Mr Foley says the Government remains committed to providing the State with a modern public transport system, new roads, hospitals, schools, a desalination plant and other water security measures as well as redeveloping the heart of the city with the riverbank precinct and Adelaide Oval.

“It is an ambitious program that delivers five times the actual level of infrastructure investment compared to that of the previous Liberal Government,” Mr Foley says.

“These projects have been crucial in keeping South Australia economically competitive and most importantly supporting the jobs of tens of thousands of South Australians.”

The 2010-11 Budget will fund the completion of the 100 gigalitre desalination plant and transfer pipeline and allow work to commence on the $394 million expansion of the Adelaide Convention Centre, redesign of the Riverbank precinct including the footbridge to the redeveloped Adelaide Oval.

The Budget also provides for the Government’s capped contribution of $535 million to Adelaide Oval.

Mr Foley says over the next four years, the State Government will continue its investment program in housing, health and education infrastructure including:

The Budget delivers $3.7 billion investment over four years in partnership with the Commonwealth in transport, energy and infrastructure.

The major projects it will fund include:

Mr Foley says in addition the Budget also provides for the final two years of the Commonwealth’s Nation Building – Economic Stimulus Plan including infrastructure and facility upgrades for schools and construction and maintenance to increase the supply and quality of social housing.

The Treasurer says since 2002, this Government has already delivered more than $5 billion of key infrastructure projects and this Budget builds on that.

Among the major infrastructure projects to have been completed by the Rann Government are:

The $23.4 million Glengowrie Tram Depot expansion and the $152 million Rail Car Depot relocation will be completed later this year.

Mr Foley says the PPP process for the new Royal Adelaide Hospital is expected to be signed off during 2010-11, with work getting underway in earnest next year to deliver the State’s new 800-bed central Adelaide hospital by 2016.

The Treasurer says the range of projects from road to rail, hospitals, schools, social housing and water security demonstrate clearly how the Rann Government has invested in providing the very best infrastructure for future generations.

“This Government is providing for the future growth and prosperity of South Australia now.”