The Australian Automobile Association (AAA) is welcoming an extra $4.2 billion in transport infrastructure investment as part of the Midyear Economic and Fiscal Outlook (MYEFO).
The AAA says the funding will help with traffic congestion, providing safer roads and driving economic productivity.
Managing director Michael Bradley says this is good news for motorists.
“The Federal government hasn’t only quarantined transport infrastructure from the impact of declining revenue, but they have moved to inject more funds. That’s good news for the eight million Australian motorists that the AAA represents through our member clubs, including the NRMA, RACV, RACQ, RAC, RAA, RACT and the AANT.
“It’s also good news for users of public transport and good news for our economy,” Bradley says.
He says motorists ware one of the few groups that put their own money on the table when seeking government investment.
“Over the next four years, motorists will pay over $55 billion in fuel excise alone. That’s a sizeable contribution to government revenue and it’s fitting that a large part of that revenue is invested back into new, safer and improved roads, as well as more and reliable public transport options.”
Join the conversation