Victoria Budget Confirms Government Commitment To Infrastructure

ANALYSIS: The Victorian Budget for 2018/19 confirms the commitment of the state's Labor government to infrastructure, with overall investment in infrastructure over the next four years forecast at an average of AU$10.1 billion (€6.3bn) per year.

The solid and broad investments in both transport and social infrastructure contained in the budget are being seen by many in the Australian infrastructure sector as an indication of what we might expect to see in other state budgets, as they get announced in the lead up to elections.

The Victorian government has been able to make funding allocations to infrastructure that might not otherwise have been available, thanks to a combination of Commonwealth government contributions and effective use of the proceeds from asset management sales, including the proceeds of the Snowy Hydro sale and the commercialisation of Land Use Victoria's land titles and registry functions.