Queensland’s biggest decade of infrastructure investment is set to transform the state creating more jobs, new industries, better communities and stronger regions.
A $20.321 billion Big Build capital investment in the 2023-24 State Budget will support the delivery of the state’s biggest transformational projects as well as essential services for Queenslanders.
Major programs being supported include the 10-year $7.1 billion Brisbane 2032 venues infrastructure program jointly funded with the Australian Government, the Queensland Energy and Jobs Plan, the delivery of major water infrastructure and better health and transport facilities and services.
Of the $20.321 billion program, $13.308 billion, or 65.5 per cent, will be invested in infrastructure projects outside the Greater Brisbane region.
Premier Annastacia Palaszczuk said the Big Build is set to deliver big results for all Queenslanders.
“Our capital program is putting in place the infrastructure we need, where we need it, to support that growth, right across the state.
“Infrastructure investment means more jobs, exciting new industries and better essential services like health and transport.
Deputy Premier Steven Miles said Queensland is the fastest growing state, with a bigger population growth that has not been seen in a long time.
“Our $20.321 billion Big Build capital investment in the 2023-24 State Budget is supporting transformational projects.
“Importantly, more than 65% of the Palaszczuk Government’s infrastructure spend will be made outside south east Queensland.
“Our regions’ infrastructure needs are being supported with a new $3.611 million investment in this year’s budget, towards Regional Infrastructure Plans, a key element of the State Infrastructure Strategy.”
Treasurer Cameron Dick said Queensland’s transport services will be transformed by projects like Cross River Rail, funded via a capital contribution of $6.349 billion, along with financing of $1.499 billion secured through a public private partnership.
“This is the largest transport project ever undertaken in Queensland.
“Other major transport projects include the M1 Pacific Motorway upgrades, Coomera Connector, Bruce Highway upgrades and Gold Coast Light Rail Stage 3.
“We’re also delivering major water infrastructure essential for regional growth including the Haughton Pipeline Stage 2, Rookwood Weir and the South West Pipeline.”
