The Queensland Government is providing $2 billion over five years, from 2015–16, to build the priority infrastructure needed to support economic growth and liveability into the future.
This supports the implementation of the State Infrastructure Plan (SIP) and further demonstrates this government's commitment to planning and delivering infrastructure.
This new fund will focus on infrastructure projects that will enhance productivity, support jobs and are ready to be brought to market quickly, so that we continue to underpin productivity and jobs growth in Queensland.
New programs established under the SIF are:
- Works for Queensland, $200 million—supports regional councils to undertake job-creating maintenance and minor infrastructure projects. More than 700 projects have been approved and councils estimate the works will support, sustain or create almost 6,000 jobs in regional towns and cities battling high unemployment. Learn more about this program.
- Maturing the Infrastructure Pipeline Program, $20 million—aimed at fast tracking early stages of the infrastructure project pipeline by developing strategic assessments and preliminary evaluations for projects. These were initially identified through consultation and outlined in Part B of the State Infrastructure Plan. New proposals from local government have also been requested. The program will involve moderated assessment and prioritisation processes through two tranches of work:
- Rapid assessment: working with industry to rapidly assess the viability and feasibility of proposals and future opportunities identified in the State Infrastructure Plan.
- Early stage assessment: working with local government to assess the potential of infrastructure proposals to support those that increase economic productivity and enhance liveability in Queensland's regions.
- Priority Economic Works and Productivity Program, $300 million—targeting productivity lifting and capacity improving infrastructure. This supports a range of themes in Part A of the SIP including infrastructure that connects our communities and markets, and better use of existing assets.
Initial projects funded through the Priority Economic Works and Productivity Program include:
- Ipswich Motorway (Rocklea to Darra)—Stage 1
- Pacific Motorway—Gateway Motorway Merge Upgrade (southbound lanes)
- North Coast Line Capacity Improvement Project
- Dawson Highway (Gladstone - Biloela)—timber bridge replacement package
- Rockhampton Road Train Access—Stage 1
- Kawana Way and Nicklin Way—Sunshine Coast University Hospital intersection upgrades package
- Riverway Drive duplication (Gollogly Lane - Allambie Lane).
- Significant Regional Infrastructure Projects Program, $180 million—significant infrastructure projects in key regional centres that respond to a community need or provide increased economic opportunities.