Queensland invests in $200 million Catalyst Infrastructure Fund
The Queensland Government has announced a $200 million investment in a catalytic infrastructure fund to unlock new growth fronts across the state.
The Building Acceleration Fund will provide zero interest loans for trunk infrastructure projects ready to commence construction within 12 months, and that demonstrate substantial flow-on economic benefits to local communities.
This announcement follows strong advocacy from the Property Council, who proposed the establishment of a catalyst infrastructure fund as a key COVID-19 economic recovery stimulus.
Proponents must co-invest 10 to 50 per cent of the total infrastructure project cost, depending on the scale of the project.
A similar program introduced in 2017 was fully subscribed and provided $3 of private sector investment for every $1 invested by the government.
In conjunction with the UDIA and HIA, the Property Council wrote to the Queensland Treasurer in April, advocating for the establishment of such a fund and outlining the flow-on benefits to private sector spending on housing, construction and smaller-scale non-trunk infrastructure.
Applications for the Building Acceleration Fund will close at 5pm on Friday, 4 September 2020. To download an application form, please click here.
Further details on the Building Acceleration Fund can be found here.