The Queensland Government has released its proposal for major infrastructure projects across the State, estimating 40,000 new jobs and a $17b boost to the economy. Twenty-five projects, totalling $17 billion have been listed in the Building Queensland Infrastructure Pipeline.
The large list of projects includes dredging of the Gladstone Port to allow for larger ships, extra schools, new hospitals and hospital renovations. It also includes upgrades to the Bruce Highway and M1, new dams, the $2.1 billion Brisbane Live entertainment precinct, as well as a motorway bridge, and water pipelines.
Some projects have reached final stages of approval, but are being held up for a range of reasons, sparking tension between political parties keen to get the projects underway. Brisbane Live is one for four major projects where the business cases have been finished and are awaiting a decision. Among the other projects waiting on Government consideration are a $247 million congestion-busting Centenary Bridge upgrade, a $100 million Lake Macdonald Dam improvement for the Noosa hinterland, and a $70 million pipeline connecting bulk water to Beaudesert.
The Queensland Government received the final report for the Brisbane Live project in November last year but has not given a timeframe for the consideration of the project. Final reports for the Centenary Motorway Bridge were received in June this year, and are in the hands of Infrastructure Australia. The water pipeline report was received in March and required more work to ensure value for money is achieved.
State Development Minister Cameron Dick said last week that the 2019 Infrastructure Pipeline Report demonstrated the significant progress made towards infrastructure and jobs requirements with a $49.5B infrastructure investment across Queensland in the next four years.
More than 60% of this year’s infrastructure budget is being invested outside Greater Brisbane and will support around 25,500 jobs.