The Queensland State Government has released an update of the 2018 State Infrastructure Plan reporting $45.8 billion will be spent of infrastructure over the next four years, an increase of $3 billion from the previous year.

In 2018-19, expenditure of $11.6 billion is expected to support up to 38,000 jobs.

Minister for State Development, Manufacturing, Infrastructure and Planning, Cameron Dick said the plan will be of benefit to all Queenslanders and considers projects on all scales.

“This update highlights the opportunities and challenges in planning and delivering infrastructure for our fast-growing state, and that diverse infrastructure solutions are needed across Queensland – it is not a one size fits all approach. Delivering prosperity in Queensland requires a partnership approach between all levels of governments and the private sector.

“In the six months since the release of the previous Infrastructure Pipeline Report, the Palaszczuk Government has committed to upgrading the Logan, Caboolture and Ipswich hospitals; upgrading the M1 from Eight Mile Plains to Daisy Hill and Varsity Lakes to Tugun; the Beerburrum to Nambour Rail Upgrade, the Lower Fitzroy River Infrastructure Project and the New Performing Arts Venue,” said Mr Dick.

One of the key areas is roads and transport infrastructure where $21.7 billion will be spent over the next four years, supporting 19,200 jobs during its lifespan, $679 million to be spent of upgrades to regional hospitals

Theurbandeveloper.com reports Deloitte Access Economics has indicated the Queensland engineering construction outlook is in good shape, the best it has been in recent times.

Hannah Schuhmann says the Brisbane CBD property market is due to benefit greatly with one of the seven new projects added to the pipeline being the ‘Brisbane Live’ development as part of the Cross River Rail project.   The State Government has committed to fully fund the $5.4 billion project, which is the largest state funded infrastructure pledge in over ten years. 

Hannah believes Brisbane will be a World City within 5 years.