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The 2024-25 State Budget by the Government of Western Australia allocates AU$373 million for port projects in WA, prioritising infrastructure for future development.
The Western Australia 2024-25 State Budget will include AU$373 million in new funding for projects at Western Australia’s ports.
The additional funding will be allocated to a range of significant maintenance and upgrade projects, enabling all the State’s major ports between Broome and Esperance to provide ongoing capacity for the forecast growth in imports and exports.
New projects to be delivered with funding in the 2024-25 State Budget include:
WA’s port authorities are all 100% owned by the State and operate as Government Trading Entities.
All of these investment projects are designed to ensure ongoing support for local employment and regional economic development.
Western Australia Ports Minister David Michael said: “As a geographically isolated State, Western Australia’s entire economy depends on efficient port infrastructure and associated land transport connections to support critical import and export supply chains. These latest investments across all our ports represent the Cook Government’s commitment to not only our export industries but to the infrastructure we need to maintain the supply chains of critical industrial and agricultural inputs.”
“All of these projects are investments in WA’s economic infrastructure, to cater for existing trades as well as new and emerging ones. The funding in our 2024-25 Budget is a strong vote of confidence in the State’s future growth potential,” Michael added.
Western Australia exported AU$263.5 billion of goods in the year to December 2023, and most of those goods passed through the State’s ports.
The State’s ports were also crucial in receiving the bulk of the AU$48.8 billion of goods imported in the same 12-month period.
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