The Victorian Government has delivered an extra $4 million in funding for the Mode Shift Incentive Scheme (MSIS).
The MSIS will continue to run for a further 12 months, helping to ensure industry can continue to shift more freight from road to rail.
“We’re delivering on our promise to take thousands of trucks off our roads each year, making a huge difference for the people who use Melbourne’s busy roads every day,” Minister for Ports and Freight Melissa Horne said.
This is part of the Government’s $8 million investment to take more trucks off local roads.
The extension of the MSIS is hoped to increase efficiency and cost effectiveness in the freight sector.
It is also intended to reduce congestion on roads specifically around freight and port precincts.
The MSIS and Port Rail Shuttle Network are helping to utilise rail freight facilities and give companies incentives to shift from road to rail.
Victoria’s gross state product is expected to increase by $40 billion by 2040.
“With more and more freight being moved every year, we’re making it more efficient for the freight sector to move containers from road to rail,” Minister Horne said.
The 2019/20 budget has seen the state’s largest investment in transport and will continue to overhaul Victoria’s transport and freight networks to save time and reduce congestion.