The Queensland Economic Recovery Plan includes goals for both construction and infrastructure, designed to support the future of Queensland.
Here are some of the highlights for construction:
- $100 million housing construction Works for Tradies as a boost for the housing supply, and to drive economic activity and support construction across the state.
- $50 million SEQ community stimulus program to support minor works and projects
- $106 million for the building market for new homes valued at less than $750,000, including the First Homeowner’s Grant and Regional Home Building Boost.
When it comes to infrastructure, the Government has created the Capital Program 2020 Update, which includes the following:
$51.8 billion Queensland Government Infrastructure guarantee – this is designed to give confidence to invest and sustain jobs across Queensland. It’s a four-year infrastructure investment program, that includes a $13.9 billion investment in 2020-21, and it will see the Queensland Government fast-tracking vital infrastructure projects to stimulate economic recovery.
$200 million Building Acceleration Fund – Queensland Government to partner with councils, developers and industry to deliver infrastructure projects that enable private sector investment.
Transport sector assistance – improving access to local, national and overseas markets through improved port connects and intermodal efficiency. The Bruce Highway Upgrade Program, between Brisbane and Cairns, is part of this.