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Industry News, Latest News, Projects, Queensland

Federal and QLD governments invest $415M into construction

The South Australian Government will fast track new major infrastructure projects as part of its $1 billion economic stimulus package to support jobs and local businesses.

An additional $415 million will go towards supporting shovel-ready projects and safety upgrades around Queensland to support construction jobs.

The joint investment from the Federal and Queensland governments will play a key role in the national JobMaker plan and to help Queensland’s economy as it recovers from the COVID-19 pandemic.

“Partnering with state and territory governments to invest in more major infrastructure projects across Australia is a key part of our JobMaker plan to rebuild our economy and create more jobs,” Prime Minister Scott Morrison said.

The funding package will build on $1.4 billion worth of already fast-tracked infrastructure in Queensland, announced in November 2019.

Queensland Premier Annastacia Palaszczuk said investing in lasting infrastructure projects now will benefit Queenslanders in the years to come, strengthening the economy in the long run.

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“Shovel-ready upgrades we’re investing in include the Burke and Gregory Developmental roads as well as smaller works right across the regional network to improve safety, accessibility and flood immunity,” she said.

Federal Population, Cities and Urban Infrastructure Minister Alan Tudge said the funding injection would also deliver shovel-ready fixes for projects like the Gateway Motorway Flyover.

“Not only will investing in safer and more efficient road networks help save lives and time, it will strengthen the national economy by ensuring communities are connected with jobs and services and businesses with markets,” Tudge said.

The Federal Government have committed $324.3 million with the Queensland Government making up the rest.

Federal funding for the package has been drawn from the recently announced $1.5 billion allocation to priority shovel-ready projects and targeted road safety works.

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