News

Swan defends Budget hwy spending

THE beleaguered Bruce Hwy has received an "enormous" investment, Treasurer Wayne Swan claims, despite criticism from various agencies the Sunshine State's major highway was neglected in the Federal Budget.

Mr Swan took his speech at a Committee for Economic Development of Australia event in Brisbane on Friday as an opportunity to defend his government's contribution to the Bruce Hwy upgrade following the obvious absence of new infrastructure funding for the arterial road in the Federal Budget.

The road's upgrade was a hot topic for the audience and Mr Swan, who turned to the issue at his first chance during a question and answer session.

"The Cooroy to Curra investment is huge," he said.

"While we made that commitment a few years ago, it was the most dangerous slice of national highway in Australia.

"But of course it takes a long time. We have enormous investments going on right up the Bruce Hwy of great significance.

"You can't just sit back and say there is no money. There is an enormous amount of money coming into this state and the road network.

"If you want to pull out the figures when it comes to roads you will find Queensland has done very well over the last four or five years."

The comments come after the RACQ, QLD Premier and Treasurer condemned the Federal Government for not contributing more to the Bruce Hwy after the State Government put forward $1 billion over 10 years to the upgrade on the basis the Commonwealth stepped up its funding.

NSW received a $3.56 billion slice of the Budget pie to upgrade the equally problematic Pacific Hwy.

But that was thrown into disarray only 48 hours after it was announced when the Infrastructure Minister Anthony Albanese said the money would go to another project in the National Building Program if the NSW Government did not match their commitment.

NSW Roads Minister Duncan Gay said on Thursday the State Government would not match it.

Topics:  bruce highway federal budget 2012 wayne swan


Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Curious case of missing ginger pig

SARCIS investigated the theft of multiple farm animals.

Stock crime detectives looking for missing farm animals

WARNING: "Risky" way to beat the heat puts kids in danger

Generic hot

Is this hidden danger sitting in your backyard?

Thousands of jobs part of $1b retirement village project

THIS YEAR: An artist impression of the new Aveo retirement village in Springfield.

Aveo Springfield unveiled this month, homes ready by July

Local Partners

Hotel moves in at Springfield

Quest Apartment Hotels to provide 83 rooms for visitors to the Greater Springfield region.

Big flicks could soon be seen at major shopping centre

PROPOSED DEVELOPMENT: The Mt Ommaney Shopping Centre have lodged an application with the Brisbane City Council to build a new cinema and entertainment precinct.

New entertainment and dining options have residents excited.

Noll meltdown won't affect Gympie Oz Day concert

Shannon Noll

Photo Contributed

Shannon Noll is still expected to perform in Gympie next Thursday

The surprising problem police face at Woodford Folk Festival

STREET SCENE: Woodford Folk Festival 2016.

The biggest issue for police at Woodfordia is not what you'd expect

Why Emma Watson turned down Cinderella

Emma Watson in a scene from the movie Beauty and the Beast.

HARRY Potter star has standards when it comes to Disney princesses.

Wonder Woman a ‘disjointed disaster’, says DC insider

Gal Gadot in a scene from the movie Wonder Woman.

INSIDER says the much-hyped blockbuster will disappoint.

Kid nails Swift impersonation

Seven-year-old Xia Vigor nails Taylor Swift impersonation on the Philippine talent show Your Face Sounds Familiar Kids.

TAYLOR Swift has a seven-year-old doppelganger.

Ariana Grande 'hardest working 23-year-old on Earth'?

Ariana Grande

Not everyone was impressed with Grande’s self-proclaimed work ethic

Why The Walking Dead cast are paid a pittance

Despite massive ratings the cast haven't been shown the money

50 Shades Dornan on why he hates the film

Dornan and Johnson’s frequent sex scenes were ‘awkward’ to film. Picture: SuppliedSource:Supplied

Jamie Dornan doesn’t blame you for hating 50 Shades

Sunday auction for historical home

Former Catholic school sure to attract spirited bidding

Looking back, looking ahead in Noosa

NEVER-ENDING GLORY: Looking towards Laguna Bay and Hastings St from Noosa National Park.

Natural appeal of Noosa continues to attract buyers

Thousands of jobs part of $1b retirement village project

THIS YEAR: An artist impression of the new Aveo retirement village in Springfield.

Aveo Springfield unveiled this month, homes ready by July

KNIFE-EDGE: The housing tightrope we now face

Even the smallest interest rate rise will be hard for some to handle.

One if five home owners at risk, according to new analysis

'Difficult times': Rental prices tipped to increase in 2017

GREAT BUYS: There are some great rentals and houses to buy in South Gladstone. Head to gladstoneobserver.com.au for the top 10 homes under $100 to rent right now in the Gladstone region.

Investors may soon see a "profitable return” on properties.

Ready to SELL your property?

Post Your Ad Here!