$52.2b Infrastructure Spend For Queensland

infrastructure spend for queensland

infrastructure pipeline, media release,

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$52.2b Infrastructure Spend For Queensland

$52.2 billion infrastructure spend for Queensland has been released by the government in the form of a detailed program. The drafted program covers the infrastructure needs over the next two decades and will be a huge boost for the economic growth of the state as well as opening up a number of job opportunities for locals.

Two major initiatives at the IAQ Infrastructure Assembly in Brisbane today:

  • The 20-year State Infrastructure Strategy (SIS)
  • Queensland Governement Infrastructure Pipeline (QGIP)

“Queensland is in the box seat to seize the opportunities ahead of us over the next two decades,” Mr Miles said.

“We’ve just joined the list of Olympic and Paralympic cities, our pandemic response has been world-class, our population is booming, and Queensland has the potential to become renewable and hydrogen superpower.

“All of these achievements are possible through the right infrastructure, a critical component of Queensland’s COVID-19 Economic Recovery Plan and our future prosperity.

“We already have a huge head start, with a $52.2 billion infrastructure investment that will turbo-charge more growth and jobs for Queenslanders.

“The draft State Infrastructure Strategy sets out our approach to connecting our regions and creating liveable communities with essential services and infrastructure across Queensland like the schools, hospitals and roads that our growing state will need into the future.”

Steven Miles – Deputy Premier and minister for Infrastructure

The QGIP includes the four-year $52.2 billion capital program and potential future proposals currently under development by the Queensland Government.

There is a pipeline of infrastructure projects that are creating jobs and boosting our economic recovery. The QGIP includes more than 1000 projects in delivery and planning, which will provide the industry with further confidence to invest in Queensland.

This is expected to directly support around 46,500 jobs – nearly 30,000 of these in the regions.

The investment will support economic growth, create jobs, ensure the provision of high-quality services, and build resilient, connected, liveable communities.

Further consultation and feedback will be undertaken to ensure the SIS sets out the right infrastructure priorities and reforms regarding infrastructure spend for Queensland.

The strategy will be supported by seven regional infrastructure plans to better reflect the unique strengths and opportunities of each region, and the important role infrastructure plays in economic recovery, resilience, growth, and liveability.

ENDS

Thursday 9 September 2021 – Media Release

Read the Media Release here.

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