The Government of South Australia’s 2018-19 State Budget has a focus on infrastructure investment to ensure continued growth in the state’s economy and to support more jobs.
The 2018-19 South Australian State Budget establishes an $11.3 billion pipeline of projects over the period of 2018-19 to 2021-22 to develop South Australia’s productive infrastructure, which is expected to deliver more jobs in the private sector and accelerate South Australia’s economic growth.
“The State Government is spending $476.2 million over five years at the former Royal Adelaide Hospital site on job-creating projects including an innovation and commercialisation precinct, a National Aboriginal Art and Cultures Gallery, and an International School of Culinary Excellence, Hospitality and Tourism,” announced Treasurer Rob Lucas.
“The establishment of an innovation and commercialisation precinct in the heart of the city involves a significant capital works program, with $43.9 million to refit and repurpose seven buildings, including heritage buildings on North Terrace on the site known as Lot Fourteen,” he said.
The precinct is one of the nation’s most exciting urban renewal sites and will open up 23,000 square metres of space to provide a place to build entrepreneurship and collaboration. Indicative expenditure of $30 million will be provided over two years between 2020 and 2022.
SA Executive Director of the Property Council, Daniel Gannon, said the Budget is about positive new infrastructure spending without punitive new taxes.
“This is a blueprint that will put hard hats and steel caps on workers now and into the future with a massive $11.3 billion in infrastructure spending,” he said, “if you’re a chippie, sparkie, plumber, landscaper, architect, engineer or conveyancer, the infrastructure investment made through this Budget is welcome news.”
Mr Gannon also said plans for new community infrastructure, innovation precincts, art galleries and other budgeted projects will all require tradespeople and professionals to continue to build a more modern South Australia.
“Long overdue funding towards the establishment of Infrastructure SA has finally been earmarked, which will help deliver productive infrastructure of the future,” he commented.
Investments in public transport infrastructure will include:
- $615 million for the Gawler Rail Line Electrification project ($578 million over the forward estimates)
- $37 million to install a right-hand turn as part of the city tram extension
- $18.5 million for park ‘n’ rides along the O-Bahn network, building on the $15 million previously provided
- $600,000 for the business case for the extension of tram services in the CBD
- $11.7 million for the city south tram line renewal and stop upgrading
Upgrades to existing schools and investments in new schools include:
- $100 million over four years for a new year 7 to 12 public secondary school in Whyalla, for 1500 students, with expected completion in 2021.
- The $100 million Adelaide Botanic High School, to open in term 1, 2019
- $261 million for two new birth to year 12 schools in metropolitan northern and southern suburbs to be completed as Public-Private Partnerships
- $692 million over six years to 2022-23 to improve school infrastructure.