Victoria will get $1 billion in previously disputed federal funds for infrastructure projects but $500 million earmarked for regional rail won't quite deliver the "revival" the state government wanted.

Victoria’s $1.45 billion “regional rail revival” relies heavily on Canberra coughing up the funds the state says it’s owed as a bonus payment under an asset recycling program for selling the Port of Melbourne lease. Tuesday’s federal budget gives Victoria $1 billion in asset recycling funds for rail infrastructure upgrades,…