Nearly $50 million in joint state and federal funding is set to flow to shovel-ready infrastructure projects and road safety improvements in Tasmania.
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The federal government has committed $34.3 million, while the state government will contribute $11.7 million.
The investment comes as both the Morrison and Gutwein governments embark on an infrastructure spending blitz in an effort to revitalise the national and local economies amidst the COVID-19 pandemic.
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Among the projects that will benefit from the new $46 million boost are the widening of the Railton Main Road shoulder, a pedestrian underpass on the Midland Highway at Campbell Town and enhancements to the state road network, including on the Bass, Arthur, West Tamar and Channel highways.
Prime Minister Scott Morrison said partnering with state and territory governments to pump more money into infrastructure projects was a key plank of his government's plan to "rebuild our economy and create more jobs".
"This funding injection means we have brought forward or provided additional funding in excess of $200 million to Tasmania in the past eight months," he said.
"This package builds on the fast-tracking of $173 million for infrastructure in Tasmania which we announced last November, locking in priority upgrades that will increase productivity, improve safety and boost jobs at a time we need it most."
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Premier Peter Gutwein said the joint investment would stimulate employment in the state, as well as "save lives" on Tasmania's roads.
"The Tasmanian government will ... invest $11.7 million in these projects, with $7 million going towards selected shovel-ready projects and $4.7 million to road safety improvements," Mr Gutwein said.
"Many of the projects are due to start later this year, creating jobs and boosting the Tasmanian economy once COVID-19 has passed."