Industry News

Funding for Heavy Vehicle Safety and Productivity Program nears closure

Local councils and state and territory governments have been encouraged by the Federal Government to apply for funding available under Round 7 of the Heavy Vehicle Safety and Productivity Program (HVSPP).

Assistant Minister for Road Safety and Freight Transport Scott Buchholz said the combined $300 million of funding available to upgrade and replace damaged or deteriorating bridges would also help deliver better freight roads across Australia.

“The Liberal National Government is investing $100 billion to fund better infrastructure over the next ten years. This funding forms part of the Australian Government’s continued commitment to keep heavy vehicle drivers safe and improve our road transport network,” he said.

“We know how critical efficient freight networks are to the national economy and indeed to all Australians, with the COVID-19 crisis showcasing just how vital the work of our freight operators is.

“I encourage local councils and state and territory governments from across the nation to finalise their applications by the 29 May 2020 closing date.

By continuing to invest in road infrastructure projects Buchholz said it was important now more than ever to support local jobs, underpin economic growth and ensure all Australians reached their destinations sooner and safer.

The programs are expected to also benefit communities impacted by the ongoing drought and recent bushfire events.

“Funding through these programs will allow communities to prioritise and fast-track their highest priority infrastructure projects – providing a significant and much-needed boost to local jobs and the economy,” he said.

Under these programs proponents can apply for funding of up to 50 per cent of project costs for up to five projects, with a total of $2 million per proposal available to councils and $2.5 million per proposal available to state and territory governments.

This includes livestock transport industry projects for eligible councils under Round 7 of the HVSPP that will directly support communities currently impacted by drought, while Round 5 of the BRP also provides an opportunity for councils to replace bridges damaged during the recent bushfires.

Buchholz said more than 450 projects funded through the BRP and HVSPP across the country have either been completed or are well underway and he was looking forward to getting shovels in the ground on even more projects under these latest funding rounds.

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