Bega MP Andrew Constance said both the federal and state governments were doing everything possible to get residents and visitors home sooner and safer.

"We know how important these upgrades will be to our local community and that's why we are funding them.

"There will be an emphasis on road safety barriers, median barriers, shoulder widening and resurfacing across areas of the Bega Valley and Eurobodalla shires," Mr Constance said.

"A project focused on road and pedestrian safety will be the relocation of the Tuross Head Bus Stop on the Princes Highway to Hector McWilliam Drive, which I know the Tuross Head community will be pleased to see go ahead."

Senator Jim Molan said this investment demonstrated the Federal Government's commitment to improving road safety.

"We want to keep improving our roads to keep that road toll down as low as possible," Senator Molan said.

"These upgrades will allow road users to arrive home sooner and safer."

"Boosting local infrastructure also means boosting jobs and here in Gilmore and Eden-Monaro that ensures our local economy can continue to recover from COVID-19."

Deputy Prime Minister and Minister for Infrastructure, Transport and Regional Development Michael McCormack said the Australian and NSW Governments were working tirelessly to ensure works start immediately and are completed by June to get people home sooner and safer.

"As someone who proudly lives, works and has raised a family in regional NSW, I know just how important safe, efficient road connections are to local communities," the Deputy Prime Minister said.

"That's why we are rolling out this funding to deliver lifesaving upgrades including shoulder sealing, rumble strips to alert drivers when they are moving out of their lane, median upgrades to prevent head-on collisions and barriers to prevent run-off-road crashes and protect against roadside hazards.

"This investment won't just save lives, it will also provide a shot in the arm to local economies as we come back from the COVID-19."