The South Australian Government has announced a record infrastructure spend of $17.9 billion over the next four years in its 2021-22 State Budget, which is set to provide an enormous boost to construction jobs.
The Budget spend is an extra $1 billion in funding from the previous budget, and will facilitate new and upgraded roads, rail, schools, expanded hospital emergency departments, sporting infrastructure, housing, a park ‘n’ ride, playgrounds and other community facilities.
This infrastructure spend is the biggest in South Australia’s history.
$8.8 billion is being invested in critical road and public transport infrastructure over four years, which will create a huge pipeline of jobs, and ensure a faster, easier and more efficient commute for thousands of motorists.
This includes $202 million (80:20 funding shared with the Federal Government) for the Truro bypass, and a new $48.5 million Park ‘N’ Ride at Tea Tree Plaza that will deliver at least 400 more park ‘n’ ride spaces.
The State Government is continuing to work collaboratively with the Federal Government to secure the additional funding for the remaining sections of the North South Corridor.
The full business case for this project is still being finalised. Significant work has occurred on the design of the tunnels and road project to inform final costings, with the total project cost now expected to be around $9.9 billion. The Federal Government’s current commitment towards the project is $2.711 billion ($5.422 billion total expenditure).
A new state-of-the-art Women’s and Children’s Hospital, adjacent the existing Royal Adelaide Hospital on North Terrace, will be delivered with the SA Government investing $1.95 billion ($1.1b up to 2024-25). Costing subject to Infrastructure South Australia review which may impact estimated project costs.
It is among $2 billion in spending on health capital works projects over the next four years – including more than $110 million to provide 140 new treatment spaces to emergency departments and Emergency Extended Care Units across Flinders Medical Centre, Lyell McEwin, Queen Elizabeth, Modbury, Mount Barker, Murray Bridge, Gawler and the Southern Fleurieu Health Service in Victor Harbor.
SA Premier, Steven Marshall, said there are now more South Australians employed than ever before, and thousands of local jobs would be created and supported by the state’s record infrastructure spend.
“Our Budget for a stronger South Australia is creating jobs, building what matters and delivering better services to further secure our growing global reputation as one of the safest and most attractive places in the world to live, work and raise a family,” Mr Marshall said.
“We are locking in a significant pipeline of job-creating infrastructure projects that will transform local communities and improve lives across the state as we chart our path out of the pandemic.
“We are building new hospitals, significantly expanding emergency departments, delivering improved roads that will reduce travel times and building world-class schools and accelerating urgent school capital works that will enhance learning for students right across the state.”
The State Budget 2021-22 provides $79 million from 2022-23 to 2024-25 for planning and site preparation works for the construction of the new $662 million 15,000 capacity multi-purpose arena within Adelaide’s Riverbank Precinct – a massive job-creator for exhibition, conferences, professional sport and contemporary live entertainment.
The SA Government said it is also building on its record $1.3 billion investment in public education infrastructure to further enhance young South Australians’ learning opportunities and environment by delivering a new 1,200-place year seven to 12 high school on the Norwood Morialta High School Rostrevor campus ($84.4 million). It will also prioritise funding for urgent capital works for several schools and preschools across the state as part of this record investment ($42 million).
Around $660 million will be invested between 2021-22 and 2024-25 on residential housing including the Affordable Housing Initiative that will see over 1,000 affordable homes built over the life of the project, as well as public housing capital maintenance and renewal.