The federal government is set to splurge more than $50.3 billion on road and rail investment over the next six years including $11.3 billion in new money as Tony Abbott attempts to deliver on his promise to be an ‘infrastructure Prime Minister’.

Unveiling the Federal Budget on Tuesday night, Treasurer Joe Hockey said the government would spend an aggregate of $50 billion on infrastructure over the next six years, including $35.1 billion over the four year forward estimates project. Key areas of investment (six years) include: Sixty-one new and existing work packages…