Prime Minister Announces $3.25 Billion Investment in North East Link Project, Creating Jobs and Boosting Victoria’s Economy

Article: In an exciting press conference held in Melbourne, Prime Minister Anthony Albanese announced a major investment of $3.25 billion in the North East Link project. This additional funding brings the Commonwealth’s total investment in the project to $5 billion, highlighting the government’s commitment to infrastructure development and job creation.

The North East Link project is a crucial undertaking for the local community, aimed at improving travel times and safety. It is estimated that during construction, the project will create around 12,000 jobs. Furthermore, once completed, it will save commuters half an hour of travel time and remove approximately 15,000 trucks from local roads, enhancing road safety for everyone.

The Prime Minister emphasized the significance of the project, stating that it will make a substantial difference to productivity in Melbourne and Victoria as a whole. This investment demonstrates the government’s commitment to partnering with Victoria to support job creation, economic growth, and improved quality of life.

The Premier of Victoria, Jacinta Allan, expressed her gratitude for the constructive partnership with the federal government and highlighted the long-awaited benefits of the project. The North East Link will bring about the much-needed upgrade to the Eastern Freeway, new parks and recreational spaces, as well as improved connections for the freight industry to Melbourne Airport and the markets.

Catherine King, the Minister for Infrastructure, Transport, Regional Development, and Local Government, also applauded the project, recognizing it as a vital investment in Victoria’s future. She acknowledged the significant role that the construction workforce plays in building the nation’s infrastructure and urged them to stay safe while creating the foundation for a prosperous future.

The Prime Minister addressed questions about cost blowouts in infrastructure projects and acknowledged that infrastructure costs have increased nationwide. However, he assured the public that this investment aligns with the government’s commitment to responsible spending and partnerships with state and territory governments.

With the North East Link project receiving a substantial funding boost, Melbourne and Victoria can look forward to improved travel times, enhanced road safety, and a significant economic boost through job creation and increased productivity. This investment underscores the government’s commitment to building a future made in Australia, with a focus on infrastructure development and supporting local communities.

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