Page 2208 - Week 07 - Tuesday, 2 August 2022
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We are also supporting more build-to-rent projects. The government will be pursuing institutional investment in these projects over the coming years with the recent release of the build-to-rent investment prospectus to chase that investment.
Infrastructure
This budget sets out a $7 billion infrastructure program over the next five years—a balanced and sequenced program of large, medium and small projects to provide for the needs of our rapidly growing city and create thousands of jobs.
As I have made clear at the outset, now is the time to invest in our city, in infrastructure that is built for Canberra, to ensure that we remain one of the most
liveable cities in the world, as our population grows.
Our capital investment priorities continue to be in health, education, public transport, public housing, climate action and urban renewal.
Through this budget, we are delivering the biggest program of upgrades to suburban facilities in Canberra’s history.
Some of projects in this budget include the ongoing expansion of the Canberra Hospital in Woden; the Woden CIT campus; and, importantly, beginning work on the Canberra Theatre Centre precinct redevelopment. These are some of dozens and dozens of projects in progress and soon to be shovel-ready.
The government will also undertake a rolling update of the territory’s long term infrastructure plan. I released that plan in 2019.
Recognising our greater-than-forecast population, the impacts of the pandemic and medium-term supply chain and labour constraints, that we expect to last into the medium term, the government will work with our commonwealth colleagues and community stakeholders on shared priorities across health, education, transport, city services, climate action as well as arts, entertainment and sports infrastructure.
Climate and environment
Canberra is the renewable energy capital of Australia. Canberrans are justifiably proud of our reputation as leading the nation on climate action. After a stark decade of federal inaction, what we are doing has been so important.
This budget further strengthens our reputation, with more than $100 million in new investments as we transition to a zero emissions future.
We are boosting investment in protecting our natural environment and policies that will reduce our carbon emissions and reliance on fossil fuels.
Programs like the Sustainable Household Scheme, which is proving to be one of the most successful schemes in the history of self-government, allow more households to
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