New Qld $40 million Growth Area and Regional Infrastructure Investment Fund

The Queensland Government has announced in the 2018 State Budget a $40 million Growth Area and Regional Infrastructure Investment Fund targeting infrastructure that would improve liveability for Queenslanders in outer urban and regional areas.

Minister for State Development, Infrastructure and Planning Cameron Dick said the program will initially focus on pilots in areas that are experiencing or responding to rapid growth.

“We are actively planning for the future by providing $40 million over two years to accelerate new or upgrade existing infrastructure.

“We will be inviting Queensland Government departments to nominate projects for investment that address the needs of these growing communities with infrastructure essential to support their continued growth.

“Nominations will then be prioritised to see the best value from this investment.

The Growth Area and Regional Infrastructure Investment Fund will support implementation of the State Infrastructure Plan and regional plans, including the South East Queensland Regional Plan 2017.

It also complements the $30 million Maturing the Infrastructure Investment Pipeline Program.

Mr Dick said the Fund builds on the success of the $180 million Significant Regional Infrastructure Projects Program.

“This is delivering essential infrastructure in key regional centres in response to community needs, and providing economic opportunities and supporting 600 jobs,” he said.

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