WHO SHOULD READ THIS
- Industry participants in the construction and procurement sector.
THINGS YOU NEED TO KNOW
- The Queensland Government has released its new State Infrastructure Plan. This plan sets out some of the priority projects for the Queensland Government.
Queensland’s long-term State Infrastructure Plan (SIP) has been recently released as a state government commitment to significant reforms to the way Queensland plans, prioritises and invests in state infrastructure assets. The SIP lists a number of major projects that will be funded through a new State Infrastructure Fund.
On 13 March 2016, the Palaszczuk Government released Queensland’s long-term SIP, which sets out Queensland’s infrastructure priorities and investments in state infrastructure over a fifteen year period. As the first state-wide plan released in more than three years in Queensland, the SIP provides for greater certainty within Queensland’s construction industry. Together with the recent establishment of Building Queensland, this plan is expected to lead to better infrastructure planning, decision-making and encouragement of new private sector investment in Queensland.
State Infrastructure Plan
The SIP has two parts – Part A and Part B.
Part A of the SIP focuses on government strategy and sets out a clear vision that will guide infrastructure investment in Queensland. It identifies a range of Queensland’s infrastructure challenges and objectives and presents strategic directions that will guide the Queensland Government’s approach to the planning, delivery and operation of infrastructure in Queensland.
Part B of the SIP outlines how the SIP will be implemented and sets out opportunities and priorities for each region in Queensland. Part B also sets out a number of projects which the Queensland Government aims to deliver within the next four years.
Major projects proposed under the State Infrastructure Plan
The establishment of a new State Infrastructure Fund was also announced on 13 March 2016. This fund, which forms part of the SIP, will have an initial investment of $500 million.
The initial investment will include a $180 million contribution for a ‘Significant Regional Infrastructure Projects Program’. This program aims to deliver regionally significant infrastructure projects identified by communities for communities. The fund also proposes a $300 million contribution to seven critical road and rail upgrades in Queensland as follows:
- Ipswich Motorway Upgrade, Stage 1 Darra to Rocklea
- Pacific Motorway-Gateway Motorway Merge Upgrade (southbound lanes)
- North Coast Line Capacity Improvement Project
- Dawson Highway (Gladstone – Biloela) timber bridge replacement package
- Rockhampton Road Train Access, Stage 1
- Kawana and Nicklin Way – Sunshine Coast University Hospital intersection upgrades package, and
- Riverway Drive duplication, Townsville (Gollogly Lane, Allambie Lane).
Combined with the Federal Government’s focus on North Australia, the SIP will provide the industry with a greater degree of confidence regarding the Queensland Government’s economic drivers for the next four years and beyond.