The federal government and the governments of the Northern Territories have invested an additional $ 53 million to support ready-to-start infrastructure projects and urgent road safety improvements to stimulate local jobs and support economic growth.
These additional funds build on the previous investment of $ 147 million in infrastructure announced in November. The funding should help the territory recover from the effects of the COVID-19 pandemic.
The program includes an investment of $ 40.4 million from the federal government and funding of $ 12.7 million from the Northern Territory.
Prime Minister Scott Morrison said this investment will also play a crucial role in the federal government's JobMaker plan.
"Partnering with state and territory governments to invest in more large infrastructure projects across Australia is a key part of our JobMaker plan to rebuild our economy and create more 39; jobs, "he said.
The federal government works closely with the Northern Territory government to identify shovel-ready projects, focusing on improvements in road safety, especially along major highways such as the Stuart, Barkly, Carpentaria and Victoria highways.
About $ 34.6 million of the fund was for vital road safety improvements, which include sealing the shoulders and improving or installing guardrails, truck stops and audio-tactile markings to reduce accidents.
Michael McCormack, Minister of Infrastructure, Transportation and Regional Development, said that locking in on priority improvements would increase productivity, improve security and stimulate jobs when it is most needed.
"By investing in critical infrastructure projects across the country, we are doing more than just supporting local jobs and businesses at this critical time. We are investing in our future beyond COVID-19 by providing sustainable infrastructure that will benefit Australians for years to come, "he said.
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