In the Victorian Budget 2016-17, we're investing an average of $7.4 billion a year for four years to build schools, upgrade hospitals, expand the rail network and cut congestion on the roads that people use every day.
Victoria's expanding population is straining schools, hospitals, roads and rail. The Government is meeting this demand, and keeping up with the replacement of ageing assets.
Maintaining net debt at around 6 per cent of GSP will keep key financial indicators at prudent levels. If the government increases net debt up to 6 per cent from currently estimated and projected levels, additional funding available for transformative infrastructure projects would be to around $16 billion over ten years.
Getting infrastructure investment decisions right is important. We're getting on with the projects our state needs now, but to advise on our priorities, we've established Infrastructure Victoria as an independent authority to take the politics out of infrastructure projects.
Government Infrastructure Investment
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Using our assets
Where it is in the community's interest, capital that’s tied up in existing businesses and assets can be recycled to build new infrastructure.
The 50-year lease of operations at the Port of Melbourne will generate billions of dollars to fund the Government's Level Crossing Removal Program and other infrastructure projects, including in the regions.