A total of $450 million will be provided for the Gabba Brisbane Metro Station, under the SEQ City Deal signed today.
The project will provide enhanced transport connections and support the 2032 Brisbane Olympic and Paralympic Games.
The deal was signed by the Federal and Queensland Governments and the South East Queensland (SEQ) Council of Mayors, in a joint commitment to deliver $1.8 billion worth of infrastructure that will transform the region.
It aims to deliver a significant package of investments that will generate thousands of local jobs, boost digital and transport connectivity, enhance liveability and support one of the fastest growing regions in the country.
It is supported by a $667.77 million investment from the Commonwealth, $618.78 million from the state and $501.62 from the Council of Mayors, plus $75 million from industry.
Prime Minister Scott Morrison said South East Queensland was one of the fastest growing regions in Australia, and with the population expected to continue to grow, it is crucial to invest in the infrastructure it needed to thrive for decades to come.
“From Brisbane to Toowoomba, Ipswich to the Sunshine Coast and everywhere in between, this deal delivers for South East Queenslanders,” he said.
“The economic impact of this major investment will be significant, with more than 30 projects set to generate more than 2000 jobs, while ensuring that the state is in the best position possible to host a successful 2032 Olympics.”
Queensland Premier and Minister for the Olympics Annastacia Palaszczuk said the cooperation between all levels of government would ensure that the region has the right infrastructure in place as the population grows.
“The City Deal provides vital infrastructure to plan for our growing population, which includes new transport links for the Gabba in time for the 2032 Olympic and Paralympic Games.”
Queensland Deputy Premier and Minister for State Development Steven Miles said the cooperation between all levels of government will ensure that the region has the right infrastructure in place as the population grows.
“We have seen a recent surge in people looking to call SEQ home, and by 2041, the region is set to grow to 5.4 million residents,” he said.
“A new Gabba Metro Station will improve linkages between cross-river rail and the Brisbane Metro at the Woolloongabba Olympic venue that create long-term improvements to the public transport network and transformational city shaping opportunities.”
Other key projects include:
- $285 million for the SEQ Liveability Fund to deliver projects of social and economic priority for the councils;
- $150 million for the SEQ Innovation Economy Fund to support capital projects that promote and grow the region’s innovation economy;
- $105 million for resource recovery infrastructure to develop a region-wide approach to managing waste and progress the region to a circular economy;
- $70 million for digital connectivity projects to support place based telecommunications infrastructure and improved digital connectivity.
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