Urban development and infrastructure are vital to Queensland’s continued economic growth.
After mining, the largest contribution to the Queensland economy in 2017–18 was from the construction industry, accounting for $29.0 billion (or 8.8%). The construction sector is also the state’s third-largest employer, employing 234,000 workers in 2018.
Queensland offers a range of investment opportunities across multiple infrastructure sectors.
Queensland Government support
The Queensland Government is committed to robust infrastructure development throughout the state.
For fiscal year 2016–2017, the government committed A$10.7 billion for infrastructure projects, including:
- capital expenditure of A$4.388 billion for transport
- A$2.18 billion for the energy and waste sector
- A$1.42 billion across the health portfolio
- A$645 million for schools and hospitals.
Source: Queensland State Budget 2016–2017 Papers
In March 2016, the value of Queensland’s known major investment projects totalled A$167.9 billion. This included:
- A$50.47 billion under construction
- A$15.36 billion committed
- A$56.47 billion under consideration
- 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 across varying major infrastructure projects.
Queensland’s most important infrastructure project, the Cross River Rail Project, is a vital transport infrastructure project that 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 10.2km link from Dutton Park to Bowen Hills, with 5.9km of tunnel under the Brisbane River and CBD.
- Cross River Rail will deliver services to stations at 5 key locations: Boggo Road, Woolloongabba, Albert Street, Roma Street and Exhibition showgrounds.
- Estimated construction time-frame for this project is 5 years.
More information about the project is available here.
TIQ helps investors and trade partners harness opportunities by opening doors to Queensland industry, economic development organisations, and local and state government agencies.
To explore opportunities to invest in our development and infrastructure projects, contact us today.