Federal Budget 2014: Outcomes for the Transport Sector

See some of the key outcomes for truck drivers under the Federal Budget 2014.

The recently announced Federal Budget 2014 has allocated more than $40 billion over the next five years for its Infrastructure Investment Program, with key road funding of $11.6 billion within its Infrastructure Growth Package. National Heavy Haulage takes a look from a truck driver's perspective at some key items in the 2014 Federal Budget and how operators may be affected.

Key road infrastructure projects targeted in Budget 2014

Taken from a publication released by the Tourism & Transport Forum, we have compiled some of the major infrastructure projects that are heavily used by Australian truck drivers.

Urban Road Infrastructure Projects

  • Melbourne's East West Link ($3B)
  • Badgerys Creek airport road network over 10 years ($2.9B)
  • Sydney's WestConnex ($1.5B) and NorthConnex ($405M)
  • Brisbane's Gateway Motorway North ($929.6M)
  • Perth's Gateway WA Project ($611.4M) and Swan Valley Bypass ($589.7M)
  • Adelaide's North-South Corridor ($944M)

Regional Road Infrastructure Projects

  • Upgrade of the Bruce Highway in Queensland ($6.7B)
  • Complete the duplication of the Pacific Motorway in New South Wales ($5.6B)
  • Build the Toowoomba Second Range Crossing in Queensland ($1.285B)
  • Continue the Midland Highway upgrade in Tasmania ($400M)
  • Great Northern Highway in Western Australia ($307.8M)

Fuel Tax Credits for Australian truck drivers

The Government will reintroduce fuel tax indexation from 1 August 2014 to help fund its commitments. While fuel tax credits are expected to increase automatically to match the fuel tax increases, operators may expect to face impacts to their cash flow, rises in fuel costs, restructure of tax claims, in addition to changes to superannuation and company tax, all under a backdrop of the slowdown in the resources and construction sectors.

There are some environmental criteria as to whether a particular truck can claim fuel tax credits, however key industry members across the Transport sector have so far welcomed the decision not to change the system.

At National Heavy Haulage, we like to keep our clients and followers updated with changes to that effect the transport industry. Operating since 2010, we have achieved an enviable market position and reputation in the Australian heavy haulage industry. You can follow our fleet of Kenworth prime movers as they haul all kinds of oversize and heavy loads around Australia.

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