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Cooperation between the Federal and Queensland Governments on Infrastructure will deliver productivity growth

Photo courtesy of the ABC

The $1.9 billion road and rail package announced by the Prime Minister and Queensland Premier is excellent news for the Sunshine State - boosting vitally needed economic growth in the short term but also providing the infrastructure to deliver longer lasting productivity growth.

Under the announcement the Morrison Government will bring forward nearly $650 million in funding and provide more than $680 million in new funding and the Palaszczuk Government has committed $606 million.

This is an illustration of the cooperation needed between tiers of government to deliver responsible and considered economic management.

 

Quotes from the Prime Minister include:

“We want these road and rail projects delivered as quickly as possible so Queenslanders can benefit from better infrastructure, but importantly we want to boost the economy now."

“By bringing forward these important road projects we will drive jobs, boost the economy and make Queensland roads and highways safer, while reducing travel times so people can be with their families instead of being stuck in traffic."

“We will bring forward funding for a total of 20 projects right throughout Queensland, including key upgrades on the M1, Bruce, Warrego and Cunningham Highways, and the North Coast Rail Line.”

 

Quotes from the Queensland Premier include:

“I have always said we work best when we work together."

“We have called for a better deal for Queensland and the Prime Minister has listened."

“We’re getting projects off drawing boards to create more jobs in more industries and deliver the things that make people’s lives better."

 

Pleasingly both governments have also reached an agreement on $9.3 billion Inland Rail project, paving the way for the delivery of the project in Queensland.

 

New and additional federal funding for projects

$400 million for future priorities on the National Network including M1;

  • Funding to flow immediately over the next two years;
  • This commitment builds on the $91.4 million in federal funding for existing M1 upgrades being brought forward, and the $46.3 million in additional funding for M1 Interchange Upgrades Exits 41 and 49;
  • Expenditure of remaining funds will be agreed between the Australian and Queensland Governments;

$157 million for Stage 3A of the Gold Coast Light Rail project;

  • Funding to flow immediately over the next four years;
  • This commitment builds on the $60 million in federal funding being brought forward;
  • Total cost of the project is $709 million
  • The project will create more than 760 jobs during construction.
  • Australian Government contribution is now $269 million up from $112 million.
  • Queensland Government contribution is $351 million.
  • Gold Coast City Council contribution is $89 million.

$50 million for the relocation of the Loganlea Station; 

  • Funding to flow from 2020-21;
  • Total cost of the project is $95 million;
  • Queensland Government contribution is $45 million;

$46.3 million for M1 Interchange Upgrades Exits 41 and 49;

  • Funding to flow immediately and increases the Australian Government’s contribution to the project to $96.3 million;

$20 million for planning for the Port of Brisbane connection

  • Funding to flow from 2020-21;
  • Total cost of the project is $20 million;
  • Queensland Government will provide an in-kind matching contribution;

$10 million for the development of a business case for the Salisbury to Beaudesert rail line

  • Funding to flow from 2020-21;
  • Total cost of the project is $20 million;
  • Queensland Government contribution is $10 million.

 

Federal Government project funding brought forward

$225.6 million for Bruce Highway upgrades, including the Linkfield Road Overpass, the Pine River to Caloundra corridor, Stage 2 of the Mackay Ring Road, the Rockhampton Ring Road, and Stage 5 of the Cairns Southern Access; 

  • Funding to flow immediately after previously being allocated beyond the forward estimates.

$118.5 million for Roads of Strategic Importance (ROSI) initiative upgrades including the Cooktown to Weipa, Townsville to Roma, and Toowoomba to Seymour (Queensland section) corridors, as well as Shute Harbour Road;

  • Funding to flow immediately after previously being allocated beyond the forward estimates.

$94.3 million for M1 Pacific Motorway upgrades between Eight Mile Plains and Daisy Hill, Daisy Hill to Logan Motorway, and Varsity Lakes to Tugun;

  • Funding to flow from 2020-21 after previously being allocated beyond the forward estimates.

$90 million for the North Coast Rail Line Upgrade between Beerburrum and Nambour;

  • Funding to flow immediately after previously being allocated beyond the forward estimates.

$62 million for Stage 3A of the Gold Coast Light Rail project;

  • Funding to flow immediately after previously being allocated beyond the forward estimates.

$22 million for new upgrades along the Warrego Highway; 

  • Funding to flow from 2020-21 after previously being allocated beyond the forward estimates.

$27 million for new upgrades along the Cunningham Highway; 

  • Funding to flow from 2021-22 after previously being allocated beyond the forward estimates.

$9 million for road upgrades associated with the Hinkler Regional Deal including the Torbanlea Pialba Road Upgrade, Bargara Road Upgrade, and Isis Overtaking Lanes;

  • Funding to flow from 2020-21 after previously being allocated beyond 2021-22.

$7 million for the North Brisbane Bruce Highway Western Alternative to examine the viability of constructing a western alternative corridor parallel to the Bruce Highway in north Brisbane;

  • Funding to flow from 2021-22 after previously being allocated beyond the forward estimates.

 

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