The future is 'ROSI' for key roads
November 5, 2018
The 10-year, $3.5 billion Roads of Strategic Importance (ROSI) initiative, will see significant investment in key road freight and tourism corridors, as part of the Australian Government’s commitment to deliver game-changing productivity improvements across Australia’s supply chains.
Federal Member for Durack, Melissa Price, was pleased principles had been released to help prioritise investments and ensure funding would be directed at improving road reliability, and better connect communities.
“Works funded through the ROSI are expected to make a real difference to local communities, through sealing, flood immunity improvements, road strengthening and widening, pavement rehabilitation, bridge and culvert upgrades and road realignments to freight roads and transport hubs”.
“The pinch points targeted through this funding will help to ensure industry can efficiently move freight from key agricultural and mining areas, to transport hubs and processing facilities.”
“The stakeholder consultations across Northern Australia are particularly important for my constituents to be engaged in, so local knowledge can help inform federal solutions.”
Deputy Prime Minister and Minister for Infrastructure, Transport and Regional Development Michael McCormack said the Roads of Strategic Importance initiative would deliver targeted upgrades across corridors to provide a more reliable road network, improve access for higher capacity vehicles, and better connect regional communities.
“Investment in these strategic corridors will facilitate regional economic growth by helping support the expansion of key local industries, improve connectivity and access, while also improving safety on these key roads,” Mr McCormack said.
Funding under the package will be available over 10 years from 2018−19. More information is available at: http://investment.infrastructure.gov.au/key_projects/initiatives/roads_strategic_importance.aspx