Major projects funding to be slashed by billions

Spending on road and rail projects is expected to be adjusted by $7.4 billion over four years under a re-profiling by the Albanese government. The mid-year budget update, released on Wednesday by Treasurer Jim Chalmers, reveals reforms to the Infrastructure Investment Program will decrease payments for major projects by billions of dollars up to 2026/27. […]

This post was originally published on Michael West.