Treasurer Josh Frydenberg says the federal government will invest more than $1 billion in the supply chain industry to make it resilient and to develop modern manufacturing programs.
This is in addition to the $1.5 billion the federal government invested under the Modern Manufacturing Strategy it announced in its 2020-21 budget.
It notes it will also create better connections between regional Australia and the country’s ports.
The Treasurer says $7.1 billion will be invested in regional agriculture, energy and other sectors including supply chain resilience.
There will also be national partnership payments covering cattle supply chains under the $17.5 billion support to state infrastructure projects between 2022-23.
Among other announcements during the Budget, the Treasurer says there will be work on the Melbourne to Brisbane Inland Rail as well as intermodal terminals for the local freight network in the Victorian capital city.
Additionally, the Treasurer says MRNA vaccines will be manufactured in Victoria at the largest facility of its kind in the southern hemisphere.
Source: MHD Supply Chain