Federal, State and Local governments will work together to develop a new South East Queensland City Deal in a bid to improve connectivity, livability and job creation in the area.
City Deals are long-term agreements struck between all branches of government to deliver reform packages, with the SEQ deal forming the fifth deal struck, and the second in Queensland.
The Federal Government has been working with the SEQ Council of Mayors, in particular Lord Mayor, Graham Quirk, on the recently released People Mass Movement Study, which explores the impact of population growth on the region’s ability to cope with future transport demand.
The Federal Government is already investing $7.2 billion into major transport infrastructure projects within the region including $2.7 billion to upgrade the Bruce Highway north of Brisbane to the Sunshine Coast; 1.2 billion for six projects to bust congestion on the M1 Pacific Motorway between Brisbane and the Gold Coast; $1.1 billion to construct the Toowoomba Second Range Crossing and $902 million to increase the efficiency of Brisbane’s motorway network by building the Gateway Upgrade North.
Queensland Treasurer Jackie Trad said that the new proposal will better allow for federal, state and local governments to collaborate, while also contributing billions to the economy.
“Modelling by KPMG has shown an SEQ City Deal could stimulate an increase of up to $58 billion in our economy by improving the productivity and competitiveness of a region which is home to nearly one in every seven Australians,” Ms Trad said.
The final TransformingSEQ proposition, released last week, can be found here