Queensland announces $1.2 billion infrastructure splurge
The Queensland Government, together with the Logan City Council and nine ‘key developers’ have signed a $1.2 billion essential infrastructure spend for the Yarrabilba and Greater Flagstone priority development areas (PDAs).
State Minister for State Development and Infrastructure, Cameron Dick, said that the deal is the largest infrastructure agreement of its type to be executed by any government in Australia and will secure the infrastructure needs of the community over the next 45 years.
“Today’s announcement is about ensuring high quality infrastructure to support these growing communities over the next four decades,” he said.
“Flagstone and Yarrabilba are in Queensland’s fastest growing population corridor, with estimates that by 2066 there will be 200,000 people living in these areas.”
Logan City Council Interim Administrator, Tamara O’Shea, welcomed the agreement.
“The nine key developers will fund the infrastructure through upfront charges, over and above their development costs within the PDAs.
“This guarantees the roads, water supply and wastewater infrastructure needed to connect the emerging communities with the surrounding networks are delivered without placing an impost on existing ratepayers.
“These two PDAs will deliver a substantial portion of the new housing needed in South East Queensland over the next three to four decades.