Roads and streets in the ACT will receive a major boost with $17,750,000 extra being made available to the ACT for vital road upgrades through the Roads to Recovery Programme over the next two years. The extra funding will flow as a result of the passage through Federal Parliament of the fuel excise indexation legislation.
Senator for the ACT, Zed Seselja said the Australian Government’s extra funding of $17,750,000 over 2015-16 and 2016-17 for the ACT means the local Government can now invest in more of the road upgrades Canberra needs.
“While the decision on how to spend this money is a matter for the ACT Government, there are a number of important roads that need upgrading throughout the ACT. In particular, I have heard from a number of Gungahlin residents who see the duplication of Horse Park Drive as a critical road upgrade,” Senator Seselja said.
“Every cent of the extra $23 billion revenue raised through the fuel excise indexation over the next decade and beyond will be invested in road infrastructure. This means Canberrans should see more improvements to roads in their local area. “This extra funding will deliver a tangible benefit and make our roads and streets safer and more reliable.”
Senator Seselja said the Roads to Recovery Programme has been a popular initiative since the Coalition Government introduced it in 2001.
“This is a massive boost in funding for our region’s road network and I am looking forward to seeing the additional opportunities this decision will create for our city,” Senator Seselja concluded.
Over its almost 15 year history, Roads to Recovery has funded the repair and upgrade of more than 45,000 local streets and roads across Australia, the largest investment in Australia’s local roads ever undertaken.
The extra $1.105 billion being pumped into Roads to Recovery programme nationally will be paid to local governments and councils under the usual formula as part of their regular quarterly payments without any requirement for them to match the extra money.