Perth infrastructure shake-ups to benefit residents and businesses
The federal and Western Australian governments' push to upgrade the infrastructure around Perth will increase the attractiveness of both the city and state for businesses and residents.
The federal government's budget has set aside $925 million for a $1.6 billion project that will connect Perth's freight network, saving commuters time and travel costs. The remaining funds will come from a combination of state government and private sector contributions.
The project would add a 5km four-lane dual carriageway extension to Roe Highway and improvements to the southern arterial Stock Road and the shopping hub of High Street in Fremantle. It will also connect the cargo port at Fremantle, the state's biggest, to the eastern suburb of Kewdale.
Project means big savings
In what is sure to interest those thinking about both residential and commercial property in the area, Federal Assistant Minister for Infrastructure and Regional Development Jamie Briggs boasted that the project was anticipated to take 65,000 vehicles out of the local road network, cutting travel times between Reid Highway and Fremantle Port by approximately 16 minutes. Not only is this better for local residents, it will also help local businesses transport their goods faster and cheaper around the state.
Assistant Minister for Infrastructure and Regional Investment Jamie Briggs also stated in a May 22 press release that the project would "significantly reduce traffic on Kwinana Freeway and Leach Highway, establishing Roe Highway as the dedicated east-west freight route in Perth."
Development part of broader road investment
The project follows on the heels of a number of different plans already in the pipeline to shorten travel times and reduce congestion.
The recent state budget invested $1.87 billion into upgrades of the East Metropolitan road network. This includes $642 million for construction on the Swan Valley part of NorthLink WA, to parse heavy vehicles from suburban traffic and minimise bottlenecks.
It also includes the $1 billion Gateway WA initiative, the biggest roads project ever attempted by the WA government. The plan will upgrade the road network surrounding Perth Airport, as well as the suburbs of Forrestfield and, again, Kewdale. Just over half, $547 million, is coming from the state government, with the rest of the cheque to be picked up by the federal government.
With so many changes coming to Perth and the regions around it, those considering a slice of industrial property in the area should take note.
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