The Palaszczuk Government has released an update to its 2018 State Infrastructure Plan as it aims to roll-out a total of $45.8 billion worth of infrastructure over the next four years.
The second part of its State Infrastructure Plan (SIP) focuses on a range of infrastructure spending with its updated release, outlining the $11.6 billion of infrastructure investment to be rolled out in 2018-19, which aims to support up to 38,000 jobs.
Economic forecaster Deloitte Access Economics said that the outlook for engineering construction in Queensland is better than it has been for some time.
“Rather than wallowing in cash from a strong property market and asset privatisations as NSW and Victoria are, the Government is relying more heavily on raising new tax revenue and increasing debt to fund this infrastructure,” Deloitte’s quarterly Business Outlook report said.
Up to 65 per cent of the Queensland’s infrastructure budget is allocated outside of the greater Brisbane area, explained Minister for State Development, Manufacturing, Infrastructure and Planning Cameron Dick.
“Programs like the Queensland Transport Roads and Investment Program 2018-19 to 2021-22 outlines $21.7 billion in transport and road infrastructure over the next four years, estimated to support an average of 19,200 direct jobs over the life of the program.
The $5.4 billion Cross River Rail project, the biggest state funded infrastructure commitment in more than a decade, will be delivered in partnership with the private sector, explains Dick.
Infrastructure Association of Queensland chief executive Steve Abson said the infrastructure investment strategies update provides the private sector with confidence to invest in their Queensland operations.
With it now required to be “actioned collaboratively by all levels of government and the private sector”.
Seven new projects have been added to the Building Queensland (BQ) infrastructure pipeline, including upgrades to the centenary motorway and Sunshine Motorway, and a third track to be added to the Gold Coast rail line between Kuraby and Beenleigh.
BQ Infrastructure Pipeline Report which presents priority infrastructure proposals under development by the Queensland government, shows 18 proposals from the pipeline has received funding commitments from state government since June 2016.
These include upgrades to the M1 from Eight Mile Plains to Daisy Hill, and Varsity Lakes to Tugan, the Beerburrum to Nambour Rail Upgrade, the Lower Fitzroy River Infrastructure Project and the New Performing Arts Venue.
A rise in interstate migration is seeing more people moving to Queensland, according to the Deloitte’s Business Outlook report, which says the sunshine state now has the third-fastest rate of population growth behind Victoria and the ACT.
The report said that Queensland is “well and truly” through the worst of its mining construction downturn as eye-watering house prices south of the border are sending more “economic refugees north to Queensland”.
Brisbane Cruise Terminal Set to Welcome One Million Passengers
Brisbane’s first cruise ship terminal is under way, with premier Annastacia Palaszczuk turning the sod on the $158 million project on Tuesday.
The long-awaited terminal is scheduled to open in October 2020, with bookings already open for Brisbane’s first cruise season.
Publicised as a significant economic boost for Queensland’s tourism industry, the premier said that the terminal will eventually host more than a million passengers each year.
“Building this one piece of infrastructure flows through our entire economy.
“Ships that were too long, too high and too deep to dock at Brisbane’s Hamilton facility will have a dedicated cruise terminal.”
Deloitte’s latest business outlook shows strong population growth numbers bolstering Queensland’s economy as “crazy” house prices send buyers north. Tourism numbers are also looking positive, with an expected economic upswing coming from tourism and mining.
“The renewed (albeit modest) falls in the Australian dollar over the past year augur well for renewed strength in tourism numbers ahead,” Deloitte partner Chris Richardson said.
“That will be accommodated by the recent increased and ongoing investment in hotel capacity in some of the tourism hubs of the state.”
Tourism minister Kate Jones said that Queensland’s cruise industry was booming.
“Last financial year we saw 520 ships port in Queensland — 11 per cent growth year-on-year, making the Sunshine State Australia’s undisputed cruise capital.”
The terminal is expected to handle over 1,100 vessels and at 1.8 million passengers within its first five years.
The global cruise ship industry is growing, with at least 60 per cent of the cruise ships calling in to Australia by 2020 estimated to be “mega” cruise ships — with a gross tonnage larger than 120,000.
The Queensland government has confirmed that construction company Hindmarsh will deliver the $158 million building.
The Star to Announce Contractor for Brisbane Casino Resort Within Weeks
Excavation work at the site of the Queen’s Wharf resort nears completion, the actual construction phase is slated to begin in late 2019
The winning bidder for the construction of the A$3.6 billion Queen’s Wharf luxury integrated resort in Brisbane will be announced within weeks, news outlet the Sydney Morning Herald reports.
Geoff Hogg, Managing Director Queensland for Australian casino operator The Star Entertainment Group, said today that “somewhere in the next four to six weeks” they will announce the successful tender that “will start building the main core and shell of the Queen’s Wharf development.”
The Star is the leading partner in Destination Brisbane Consortium that was selected back in 2016 as the winning bidder for the development and operation of an integrated resort in Brisbane’s Central Business District. The company won the race over its biggest archrival Crown Resorts.
Mr. Hogg went on to explain that the soon-to-be-announced winning tender will be tasked with the “core concrete and […] shell” of the resort. Tenders for internal fit-outs will follow at a later stage. Announcing the winning tender for the primary construction work will mark an important milestone and the shift from excavation toward the start of construction, Mr. Hogg said today.
Excavation work began early in 2017. Mr. Hogg explained today that phase is now almost complete. Workers have so far demolished a number of government-owned buildings to prepare the site for setting the foundations.
Mr. Hogg explained that they expect to reach an important milestone in mid-2019 when all 450,000 cubic meters of soil and rock would be taken out and the hole in the ground would be finished. Foundation work is slated to begin shortly afterwards. Actual construction work is likely to commence by Christmas.
They expect to be ready to begin ground level work by mid-2020. The luxury resort will feature a massive underground car park.
The Star targets 2022 opening of a major part of its property. The launch will include three hotels, one operating under The Star brand, as well as Dorsett-branded and Rosewood-branded hotels, food and beverage facilities, public spaces at the flagship Sky Deck, The Landing, and Waterline, and retail spaces.
The gaming and hospitality giant currently runs Brisbane’s Treasury Casino. That facility will be closed when the main resort is finished and The Star will relocate its license to a larger casino at its the Queen’s Wharf resort. As for its old gaming operation, it will be transformed into a retail center.
Consortium Announced for $5.4bn Cross River Rail
Days after being snubbed for federal funding in this year’s budget, the contractors responsible for building the state government’s pet Cross River Rail project have been announced.
Deputy premier Jackie Trad confirmed that the Cimic-led Pulse consortium will deliver the tunnelling works and the development of four new underground stations.
The ASX-listed Cimic, which is currently building the $4.3 billion Westconnex tunnel project, is joined by Cimic Group-owned brands Pacific Partnerships, CPB Contractors and UGL as part of the consortium.
The Spanish-controlled construction giant has also won the contract to deliver the Cross River Rail’s rail, integration and systems package as part of the Alliance partnership. Hitachi Rail will deliver the European Train Control System.
The shortlist to build Queensland’s largest infrastructure project was announced in February 2018.
Tunnelling could begin as early as next year, while contractors are expected to establish a site presence from late 2019.
Queensland will fully fund the $5.4 billion infrastructure project.
Minister for transport and main roads Mark Bailey said that federal funding for Queensland infrastructure had “gone backwards” under successive Coalition governments.
“They’ve given us a dud deal, other states have done a lot better. We’ve got nothing for Cross River Rail, M1 we only get 50 per cent.”
“Eighty per cent for NSW M1, 50 per cent for Queensland’s M1.”
Premier Annastacia Palaszczuk said the Cross River Rail would generate 7,700 jobs including 450 apprenticeships.
“As a result of this historic investment, hundreds of new job opportunities will be delivered, for a once-in-a-lifetime opportunity to work on a project that will fundamentally change our region.”
Federal opposition leader Bill Shorten has promised $2.24 billion in funding for the Cross River Rail should Labor win the election.
The Cross River Rail is expected to be up and running by 2024.
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