$66m in capital works fast-tracked by Queensland

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$66 million worth of civil works approvals will be fast-tracked by the Queensland Government in an effort to kick-start the economic recovery from the COVID-19 recession. 

State development minister Kate Jones said eight key projects will be approved in order to drive up employment and leverage more than $330 million in private sector investment.

“All of these projects will play a critical role in the state’s economic recovery, creating long-term jobs and diversifying and strengthening our economy,” Jones said.

“We want to see cranes in the air and boots on the ground to provide certainty for the construction industry and help move the state further along on the path towards economic recovery.”

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The state government has tipped more than 1,000 construction jobs will be generated over the next year, and more than 1,700 in the long-term. 

Topping the list is a $17 million total investment into future stages of the Carseldine Village masterplan development in the northern suburbs of Brisbane.

The project, on the site of the former QUT campus, will see funding provided for civil works ahead of upcoming stages to be delivered over the next three to five years.

Once complete, the masterplan will feature 900 homes, commercial and retail buildings as well as new community and open space.

Another project to be given approval priority will be stage one of the Northshore waterfront development which is set to transform an expansive edge of the Brisbane River at Hamilton into a future business hub.

Funding has also been provided for civil works ahead of the redevelopment of two new priority development areas at inner-city suburbs, Oxley and Yeronga.

Queensland planning minister Cameron Dick last week released details of the state government’s $13.9 billion infrastructure investment for 2020-21.

The program includes $6.1 billion in transport infrastructure projects across Queensland, including the Ports of Gladstone and Townsville, Cross River Rail, Bruce Highway, Pacific and Ipswich motorways and a range of regional roads.

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