State Infrastructure Strategy Announcement
On Wednesday it was announced by Deputy Premier Steven Miles that a new State Infrastructure Strategy will be released in conjunction with seven regional infrastructure plans in aid of supporting our post COVID-19 economic recovery. This follows the recent announcement of the formation of a Growth Areas Delivery Team to address land supply issues in SEQ.
The Deputy Premier also announced the allocation of $30 million from the Building Acceleration Fund (BAF) to fast track two projects:
- $15 million co investment with Lendlease to unlock the next stage of the Yarrabilba development to provide more residential land supply and also plan for health and service infrastructure
- $15 million to support construction of the Bahrs Scrub Roadworks Project, improving transport access as a result of the growing Frasers Property’s Brookhaven development
The Property Council was instrumental in advocating for the creation of the Building Acceleration Fund to unlock new growth fronts and stimulate construction jobs as part of Queensland’s economic recovery.
It is anticipated that targeted stakeholder engagement will commence shortly and Property Council will be ensuring our industry’s priorities are put forward.
To find out more about the strategy, please click here.