Infrastructure is truly the heart of any connected community. Whether it's road or busways, cycle lanes or tram lines, infrastructure is the key for any region to see growth and advancement.
The ACT government knows this all too well, which is why such a significant part of the 2015/2016 budget was given over to necessary upgrades to the territory. While the budget is a sweeping document that handles a number of new projects, residents with real estate in Gungahlin and Belconnen are set to particularly benefit in the new year's fund allocation.
Belconnen, for example, will be seeing part of the $2.5million investment for safer Canberran roads. Traffic signals at the intersection of Belconnen Way and Springvale Drive and well as the creation of intersections for a number of local streets are sure to help improve the safety of Belconnen drivers.
Gungahlin, however, admittedly has more ambitious projects planned. With $62.3million invested for the "growing Gungahlin region", residents with Gungahlin real estate will be seeing $14million for town centre road upgrades, $17.1million for improvements to Horse Park Drive and a whopping $31.2 million for a duplication of Gundaroo Drive.
The first stage of the duplication is already under way, as the first sod has been turned on 4 February 2016, while full works are determined to begin in March. Residents should be pleased to see the government undertaking such large works, as it is intended to make life easier for drivers in the area.
"I'm so proud to see that Gundaroo Drive duplication tender has been awarded today and that work will soon get underway to improve access, safety and relieve congestion for Gungahlin commuters," said Minister for Transport and Municipal Services Meegan Fitzharris on 4 February.
This improved infrastructure is sure to boost the worth of the area as well as make it more attractive to savvy investors.
For more information on Gungahlin or Belconnen real estate, contact the experts at Ray White Belconnen today.