The Australian Prime Minister, Scott Morrison, and his Queensland counterpart, Annastacia Palaszczuk, announced a AUD 1.9 billion (USD 1.3 billion) investment state’s for road and rail projects.
Under the agreement, Australian government will bring forward nearly AUD 650 million (USD 442 million) in funding and provide more than AUD 680 million (USD 462 million) in new funding, with the Queensland government committing AUD 606 million (USD 412 million).
A total of AUD 187 million of new and additional federal funding will support rail projects.
AUD 157 million (USD 106.7 million) will be provided for the Stage 3a of Gold Coast LRT project, AUD 50 million (USD 34 million) for the relocation of the Loganlea Station on the Beenleigh line, AUD 20 million (USD 13.6 million) will fund Brisbane port’s rail connection to Inland Rail, while AUD 10 million (USD 6.8 million) will support the development of a business case for the Salisbury to Beaudesert rail line.
In addition, the Federal Government will provide AUD 152 million (USD 103.3 million) for two rail projects. AUD 90 million (USD 61.2 million) will support the North Coast rai line upgrade between Beerburrum and Nambour, while AUD 62 million (USD 42.2 million) will support the Stage 3A Gold Coast LRT, with funding to flow immediately after previously being allocated beyond the forward estimates, for these two projects.
“We want these road and rail projects delivered as quickly as possible so Queenslanders can benefit from better infrastructure, but importantly we want to boost the economy now,” Scott Morrison said.
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