The Queensland Labor Government’s $45.8 billion capital program represents the biggest infrastructure dedication since the 2011 flood recovery effort.
The program, which will deliver the essential infrastructure over the next four years, was designed to meet the demands of the rapidly-evolving state will also support tens of thousands of ongoing jobs every year.
With the State’s population recently reaching five million, the capital program will help to achieve an increased level of service needs for Queenslanders and drive amplified productivity and efficiency for virtually all of Queensland’s industries.
As Queensland evolves into an extremely innovative and productive economy, infrastructure should help Queenslanders create opportunities and provide long-term sustainable benefits for the immediate future.
The Palaszczuk Government has a focus on the fast delivery of crucial infrastructure and improving financial planning for Queensland, which has resulted in an improvement in the capital expenditure. Public infrastructure is the driving force for transformative change and encourages private investment to create a better community.
From the Rookwood Weir and Bruce Highway upgrades to the rail duplication projects between Beerburrum and Nambour and the highly-anticipated M1 upgrades, the 2018-19 Budget is devoted to building healthier infrastructure across the state.
The Government’s infrastructure investment will directly create thousands of jobs during construction and is estimated to directly support over 38,000 jobs long-term.
Cross River Rail
The Cross-River Rail project is an example of how game-changing structure drives job creation and economic opulence. The project aims to remove the bottleneck in the centre of the rail network, which will allow more trains to run more often. The Government claims the project will see total benefits exceeding expenses by $1.9 billion.