Queensland has a modern, diversified economy, underpinned by strong sectors including agriculture, resources, construction, tourism, manufacturing and services.
Over the past two decades Queensland’s economic growth has generally exceeded the national average.
Infrastructure is vital to Queensland’s continued economic growth. The state offers a range of investment opportunities across multiple infrastructure sectors.
TIQ assists investors pursue investment opportunities in the state by working with:
- local industries
- economic development agencies
- as well as local and state government agencies.
The Queensland Government is committed to robust infrastructure development throughout the state.
For fiscal year 2016-2017, the government has committed A$10.7 billion for infrastructure projects including:
- capital expenditure of A$4.388 billion for transport:
- energy and waste sector, A$2.18 billion;
- health portfolio, A$1.42 billion and
- state-wide schools and hospitals, A$645 million;
Source: Queensland State Budget 2016-2017 Papers
In March 2016, the total value of known major investment projects in Queensland totaled A$167.9 billion. This includes:
- A$50.47 billion under construction
- A$15.36 billion committed
- A$56.47 under consideration; and
- A$45.65 billion possible.
(Source: Deloitte Access Economics Investment Monitor – March 2016)
The Queensland Government uses a range of funding and financing mechanisms to encourage additional private sector investment in infrastructure projects. This includes considerable experience in delivering Private Public Partnerships (PPP’s) across varying major infrastructure projects.
Queensland’s number one priority infrastructure project, Cross River Rail is a vital transport infrastructure project which will provide benefits to Brisbane, South East Queensland and the state.
Cross River Rail Project, Brisbane
- Connecting both northern and southern rail networks, this A$5.2 billion project involves a 10.2 kilometre link from Dutton Park to Bowen Hills, with 5.9 kilometres of tunnel under the Brisbane River and CBD
- Cross River Rail will deliver services to stations at five key locations: Boggo Road, Woolloongabba, Albert Street, Roma Street and Exhibition showgrounds
- The Queensland Government will deliver the business case to the Federal Government for consideration by mid-2016 after which procurement may take up to 18 months, pending approval and funding arrangements.
- Estimated construction time-frame for this project is five years.
More information about the project is available here.
Your first step is to contact TIQ as we work in partnership with national and state government agencies and industry to assist investors pursue significant infrastructure projects in Australia.