QLD budget outlines $45B for infrastructure

Queensland Premier Annastacia Palaszczuk has announced the upcoming 2018-19 state budget will deliver $45 billion worth of infrastructure over the next four years –the biggest since 2011, after the flood recovery.

“That’s a big number, with investment up $2 billion on last year’s Budget and almost five times what the Federal Government is investing in our state’s infrastructure,” the Premier said in a statement.

“From the Cairns Convention Centre to Cross River Rail, the M1 to the Townsville Stadium, my government is about delivering the important projects that our communities need as they grow.”

Deputy Premier and Treasurer Jackie Trad said the investment demonstrated the Government’s commitment to Queensland’s future.

“As Queensland transitions to a more innovative, diverse and productive economy, it is vital that our infrastructure maximises our opportunities and provides long-term sustainable benefits,” she said.

“Across the state, public infrastructure is a driver for transformative change, encouraging private investment and making our communities better places to live.

The government said in the statement that in 2018-19 alone, the state government will deliver a $11.5 billion capital program through investment, infrastructure and innovation across the state.

It said this is a $1.4 billion increase from the $10.1 billion allocated for 2017-18.

The Queensland Budget is expected to be handed down at the beginning of June.

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