ECONOMIC DEVELOPMENT QUEENSLAND’S CAPITAL WORKS PROGRAM

The Queensland Government has invested $66 million into eight infrastructure projects through Economic Development Queensland as part of Queensland’s Economic Recovery Plan.

It is anticipated that the funding will pave the way for more than $330 million in private investment over the next two years and 1680 jobs over the long term.

The eight projects set for fast-tracking are:

  • Northshore stage one waterfront development – a $7.4 million investment to transform an expansive river edge into a destination for innovation, enterprise and creativity.
  • Carseldine Village development – civil works for stages two and three of the Carseldine Village development.
  • Lumina at the Gold Coast Health and Knowledge Precinct – plans are being brought forward to expand the increasingly popular Cohort coworking, innovation and laboratory space.
  • Yeppoon development – works for the Capricorn Coast Rail Trail will start in coming weeks, essential structural works on the heritage rail station building are nearing completion.
  • Roma student health accommodation precinct – construction will soon commence on the student accommodation precinct.
  • Sunshine Coast Industrial Park – initial bulk earthworks for stage two, which has Sunshine Coast Regional Council approvals, will begin in coming weeks. A development application for stage two of the industrial park has been lodged with the Sunshine Coast Regional Council
  • Yeronga Priority Development Area development – a new Yeronga Community Centre and civil works associated with the redevelopment of the former Yeronga TAFE site.
  • Oxley Priority Development Area development – civil works for stage one are currently being planned and subject to necessary approvals.

The Property Council has been strongly advocating to government to focus on projects that have the potential to unlock further private investment as a key pillar of our economic recovery.

Currently, the Property Council is in the process of engaging all major parties on our election agenda. The agenda singles out the need for proactive and ambitious policy making that incentivises investment and provides the private sector with the freedom and ability to drive growth and development as Queensland rebuilds from COVID-19.

To find out more about the Government’s capital works announcement, please click here.