The Property Council has welcomed the Deputy Premier’s pre-budget commitment of $200 million across two infrastructure funds to unlock residential land supply.
Catalyst Infrastructure Fund
The Catalyst Infrastructure Fund (CIF) will receive $1 million in equity funding for the major infrastructure needed to continue the delivery of new communities.
The CIF will be supplemented by contributions from property developers who will be required to make co-investments of at least 20 percent towards the cost of major infrastructure.
Growth Acceleration Fund
In addition, the Deputy Premier also announced a new $ million Growth Acceleration Fund to support the delivery of priority trunk infrastructure in communities.
$15 million from this Growth Acceleration Fund has already been allocated to help deliver water and sewer infrastructure in Caboolture West.
For more information on the Catalyst Infrastructure Fund and the Growth Acceleration Fund, please click here.
State Infrastructure Strategy
The Government also released the State Infrastructure Strategy 2022 that outlines the 20 year plan for the state’s infrastructure priorities.
The State Infrastructure Strategy 2022 focuses on five key areas over the medium-term future:
- Realising our future as a renewable energy superpower
- Building a Brisbane 2032 legacy
- Connecting our regions
- Creating liveable communities
- Driving infrastructure performance
To view the State Infrastructure Strategy 2022, please click here.
If you have any further queries, please don’t hesitate to get in touch with the Queensland Advocacy Team via [email protected] or 07 3225 3005.