Progress report on the Nation Building Plan
3 Feb 2010
Almost three quarters of the infrastructure projects in the Nation Building Economic Stimulus Plan are completed or underway according to a Progress Report from the Commonwealth Coordinator-General, released one year after the Plan was announced.
The Report highlights significant progress in implementing the largest Commonwealth infrastructure plan in the nation’s history and outlines its role in supporting jobs, economic growth and driving productivity during the most hostile global economic conditions in 75 years.
The Report was launched by the Prime Minister, Deputy Prime Minister, Treasurer and Minister Assisting the Prime Minister for Government Service delivery while inspecting works at the $3 million Garran Primary School multi-purpose hall.
The construction of the multi-purpose hall, which is scheduled for completion in October, and the $200,000 refurbishment of the school’s assembly hall, has involved 100 workers and designers and six apprentices.
According to the Coordinator General’s Report, of the major building and construction projects being rolled out:
- 49,179 projects have been approved;
- 34,853 projects have commenced; and
- 8,339 have been completed.
Over half of the $42 billion Stimulus has now been injected into the economy, through businesses, households, State and local government allocations and construction projects.
The Report also confirms that without the Stimulus Plan, Australia would have fallen into technical recession, with the unemployment rate 1.5 percentage points higher and an additional 200,000 Australians out of work.
The Government is committed to continuing the roll-out of the Nation Building – Economic Stimulus Plan, to support jobs today and build infrastructure for future productivity growth.