QLD Budget Infrastructure Overview

The recently released Queensland Budget 2021-22 included record funding for infrastructure to help create 24,000 jobs and support the state’s economic recovery. The Palaszczuk Government announced a significant $52.2 billion infrastructure investment over the next four years, including $27.5 billion for transport and roads projects. This financing delivers on their previously guaranteed $50 billion to boost the ongoing infrastructure boom in Queensland.

The Budget also commits to an injection of $2 billion into the state’s renewable energy sector as well as network upgrades for delivery of more reliable and more affordable power. And to help drive renewable energy, an additional $222 million is being invested into CleanCo, the publicly-owned supplier of clean energy.

The budget has also earmarked $200 million in funding for the Works for Queensland program, which will provide minor infrastructure and maintenance works for regional areas. Plus there’s a further $150 million pledged for new community assets and other infrastructure in a new South East Queensland Program.

South

The Gold Coast will receive $1.3 billion funding for infrastructure as well as another $1.5 billion for the Coomera Connector and second M1 highway. Funding has also been increased to $188.9 million to complete Stage 3 delivery of the Gold Coast’s Light Rail System. The ongoing Cross River Rail project will also see $1.5 billion in 2021-22 for delivery of four new stations in the CBD.

North

The State Budget is also jointly funding $883 million with the Federal Government to upgrade more sections of the Bruce Highway. This will include the increase to four lanes heading north from Gympie, as well as both the Gladstone to Proserpine and north of Townsville upgrades.

There is also $730 million in funding for general infrastructure on the Sunshine Coast, along with $1.9 billion to improve facilities at the Coast’s University Hospital. Plus, there’s $20 million for the Bokarina Stadium redevelopment, $6.2 million for the second stage of Sunshine Coast Industrial Park, and $38.5 million to increase social housing.

*Disclaimer: This article is for general information only and should not be relied on as advice. You should consider your personal situation and seek advice that is specific to your circumstances before making any decisions based on this information.  If there are any issues you would like us to discuss with us arising from this article, please contact us.

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