The Urban Developer
AdvertiseEventsWebinarsUrbanity
Industry Excellence
Urban Leader
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Urban Leader Awards Logos RGB White
NOMINATIONS CLOSING TONIGHT FINAL CHANCE TO GET RECOGNISED FOR YOUR WORK
NOMINATIONS CLOSING TONIGHT | URBAN LEADER AWARDS
NOMINATE NOWDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
51
print
Print
OtherMon 21 May 18

Queensland Government Announces $45bn Infrastructure-Heavy Budget

80cd2428-a4fe-40ff-a25e-57188bfd9f44

The Queensland government will roll out $45 billion worth of infrastructure across the next four years as the state keeps up with its growing population.

The state government's pet infrastructure project, the $5.4 billion Cross River Rail, is expected to receive more than $700 million in backing.

Funding is expected to update the Bruce Highway, M1 upgrades, and hospitals across southeast Queensland.

Premier Annastacia Palaszczuk says the $45 billion infrastructure spend across the next four years will drive the sunshine state’s economy, supporting 38,000 jobs each year in the process.

“That’s a big number, with investment up $2 billion on last year’s Budget and almost five times what the federal government is investing in our state’s infrastructure,” Palaszczuk said.

Minister for State Development and Infrastructure Cameron Dick said the investment was important for Queensland's expanding population.

“Our population has just reached five million. It will continue to grow by around 100,000 a year over the next 20 years,” Dick said.

“Queensland is the country’s top destination for interstate migration.

“It is essential that a growing state plans for the future and provides the infrastructure needed to accommodate population growth. "

The state opposition has claimed the government is “playing catch-up” to accommodate its growing population, underspending around $3 billion per year over the past three years.

Related reading: Vision Released of Brisbane’s Underground Metro Station

Related reading: Brisbane Live! Entertainment Precinct Gets a Funding Boost

Other projects include the Cairns Convention Centre and Townsville Port expansions and the construction of Townsville Stadium.

Federal budget papers released earlier this month allocated an extra $24.5 billion worth of transport improvements rolled out as part of the government’s $75 billion ten-year infrastructure plan.

Of the $24.5 billion in infrastructure commitments, $5.2 billion is being invested in Queensland roads, rail and bus projects.

"The government has a role to provide infrastructure where it leads to net benefits for businesses and communities and where there are barriers that prevent individuals or businesses from investing themselves," the budget papers said.

Labour will officially deliver the full Queensland budget on June 12.

Main image: The Bruce Highway is expected to receive funding to reduce congestion. $11.5 billion will be spent on roads, rail, hospitals and schools next financial year alone.

OtherInfrastructureBuild-to-RentTownsvilleCairnsBrisbaneOther
ADVERTISEMENT
TOP STORIES
Exclusive

Precinct Proposals Bloom as Brisbane Middle-Ring Sheds its Past

Phil Bartsch
8 Min
Exclusive

Newest Land Lease Player Plots Sector Shake-Up

Taryn Paris
5 Min
Waterloo Affordable Mirvac hero
Exclusive

Affordable Housing Rules Tighten as Proposal Deluge Continues

Clare Burnett
5 Min
Exclusive

Beyond the Aerotropolis: How Airports are Turning into Cities

Taryn Paris
6 Min
Exclusive

Inside the Strategy Behind Australia’s Largest Direct Real Estate Deal

Phil Bartsch
5 Min
View All >
Sterling Global 623 Collins Street tower rendering HERO
Development

Sterling Global Greenlit for Melbourne Heritage Highrise

Leon Della Bosca
Office

‘White Knight’ Cbus Property Takes 50pc Stake in Halo Tower

Lindsay Saunders
Industrial

Melbourne Steps Out of Sydney Data Centre Shadow

Lindsay Saunders
The Victorian capital is undergoing a growth spurt in part thanks to its two biggest advantages over the Harbour City...
LATEST
Sterling Global 623 Collins Street tower rendering HERO
Development

Sterling Global Greenlit for Melbourne Heritage Highrise

Leon Della Bosca
4 Min
Office

‘White Knight’ Cbus Property Takes 50pc Stake in Halo Tower

Lindsay Saunders
3 Min
Industrial

Melbourne Steps Out of Sydney Data Centre Shadow

Lindsay Saunders
4 Min
Morris Property Group London Circuit concept HERO
Planning

Site Consolidation Bid Latest Step for ACT Office Plan

Leon Della Bosca
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/queensland-government-announces-45bn-infrastructure-heavy-budget-