OPPOSITION Leader Tony Abbott has committed to funding a tunnel linking NSW's F3 and M2 motorways, saying it's time to end the frustration of the state's Central Coast drivers.
The NSW government is close to striking a deal with federal Labor on funding for the eight-kilometre project, Roads Minister Duncan Gay has confirmed.
Discussions between the various parties had been "friendly and we're close but we're not there yet", Mr Gay said.
Under the plan, both levels of government would invest up to $400 million, with the tunnel to be built from as early as next year.
The rest of the money would be provided by a private company that would recoup funds through a toll.
Mr Abbott weighed into the matter on Thursday, saying his government was committed to the four-year project, which involves a tunnel from the F3 near Hornsby under Pennant Hills Road to the M2.
"We will get this link built," he said, describing it as a vital piece of economic infrastructure that would boost the productive capacity of the NSW economy.
"The link will mean shorter travel times, reduced congestion and safer roads for the residents of the Central Coast.
"It also means reduced freight costs for all trucks that use this important national road corridor."
Mr Abbott will release the full details of the funding commitment prior to the next election.
NSW Treasurer Mike Baird said it was important not to overcommit the state.
"When we are looking at an infrastructure proposition it needs to be affordable," he told reporters in Sydney.
He said the state government was interested in any project recommended as a priority by Infrastructure NSW.
"We certainly do have some capacity ... but we need to make sure that any project we announce is fully funded and that's why we are in discussion with the federal government."
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