Queensland Government Announces $45bn Infrastructure-Heavy Budget

The Queensland government will roll out $45 billion worth of infrastructure across the next four years as the state keeps up with its growing population.

The state government’s pet infrastructure project, the $5.4 billion Cross River Rail, is expected to receive more than $700 million in backing.

Funding is expected to update the Bruce Highway, M1 upgrades, and hospitals across southeast Queensland.

Premier Annastacia Palaszczuk says the $45 billion infrastructure spend across the next four years will drive the sunshine state’s economy, supporting 38,000 jobs each year in the process.

“That’s a big number, with investment up $2 billion on last year’s Budget and almost five times what the federal government is investing in our state’s infrastructure,” Palaszczuk said.

Minister for State Development and Infrastructure Cameron Dick said the investment was important for Queensland’s expanding population.

“Our population has just reached five million. It will continue to grow by around 100,000 a year over the next 20 years,” Dick said.

“Queensland is the country’s top destination for interstate migration.

“It is essential that a growing state plans for the future and provides the infrastructure needed to accommodate population growth. ”

The state opposition has claimed the government is “playing catch-up” to accommodate its growing population, underspending around $3 billion per year over the past three years.