The Australian Government has launched the $5 million Princes Highway Corridor Strategy, with the intention of developing a 10-year program of works for the highway across three states.
Funded by the Federal Government, the strategy aims to establish priority upgrades between Sydney and Port Augusta, which traverses New South Wales, Victoria and South Australia.
“This strategy will prioritise short, medium, and long term projects across the corridor to help the individual states and Australian Government identify future funding priorities,” Federal Minister for Infrastructure and Transport Darren Chester said in a statement.
“We need to work across state borders to develop a corridor plan for the Princes Highway which is a critical link for regional visitor economies, agriculture, energy, the timber industry and local traffic.
The Australian Government has already invested $634 million to upgrade the Highway across the three states, including duplication works between Traralgon and Sale, upgrades between Winchelsea and the South Australian border and planning for a new bridge across the Shoalhaven River at Nowra.
In addition, Mr. Chester also announced the first review of the National Land Transport Network since 2014 which will allow all governments, territories and industry stakeholders to have their say on future corridor priorities across the country.
“When the last review of the National Land Transport Network was conducted we undertook to take a regular review process of the Network to ensure it aligns with current infrastructure investment,” Mr. Chester said.
The review will commence in early 2018 and will focus on the current network to see what needs to be removed or added to ensure it reflects the current freight movements across the country.
A formal consultation process as part of the review will be announced in the New Year.