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Millions for roads in ACT budget

06 May, 2008 08:52 AM
Hundreds of millions of dollars for roads and infrastructure projects will be the centrepiece of the ACT budget to be handed down today by Treasurer and Chief Minister Jon Stanhope.

Health and climate change will also be among big-ticket items in the big-spending election-year budget.

Mr Stanhope will announce significant road projects to increase the capacity of existing arterial roads and to create the infrastructure for new greenfield sites.

Infrastructure investment will be the centrepiece of the budget to support housing affordability strategies and fight the skills shortage which the Government acknowledges is linked to population growth.

Last week, Mr Stanhope announced a five-year program of land releases for 15,000 new homes, including the imminent development of the new suburb of Molonglo.

The budget will include increased spending to upgrade the transport system in anticipation of future growth in new residential suburbs.

Tuggeranong is expected to be a beneficiary of significant road upgrades and there is also expected to be funding allocated for feasibility and scoping studies for major roads needed in future to support population growth in expanding areas of the city.

There is expected to be a significant boost to the capital program across the board.

While the ACT has enjoyed full employment, the election-year budget, boosted by property tax windfalls, will be aimed at stimulating economic growth.

Millions of dollars of additional funding for urban amenities will be available to help attract and retain people in Canberra.

Mr Stanhope said the ACT was the master of its own destiny and would not be waiting around for the Federal Government's budget, which will be handed down a week from today.

He would be driving the economy hard through today's budget.

"It's a good, strong budget considering the strength of our economy and responds to the priorities of this community in health, education, community safety, public amenity and the economy."

He had spoken to both federal Treasurer Wayne Swan and Finance Minister Lindsay Tanner in the past week and had anticipated the likely outcome of the Commonwealth's budget.

Yesterday, the ACT Government announced $51 million worth of recommendations to tackle skills shortages, including attracting skilled and business migrants, increasing vocational education and training and improving the skills of existing workers.

The Canberra Business Council has been campaigning for a new convention centre and today's budget is likely to allocate $250,000 towards a scoping study and development of a business case for the new centre.

The project will be conditional on Commonwealth and private-sector funding and partnerships.

The Business Council, ACT Chamber of Commerce and ACT Property Council have lobbied for infrastructure investment to provide a foundation for business growth in the economy.

They have called for an integrated transport system, which is likely to get a positive response today.

Business Council chief executive officer Chris Faulks said the Government must treat every budget as a step in a 10-20-year plan to continuously develop Canberra as a world city and economic growth centre.

"We should see the start of some long term projects kicked off in this ACT budget as well as some immediate changes to promote Canberra as a destination for business, tourism and people coming to live," Ms Faulks said.

Support for private-sector innovation and research is expected in the budget.

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