QLD releases Future Infrastructure: Private Investment discussion paper

The Queensland Government is aiming to provide the private sector with greater confidence to invest in the state’s infrastructure needs, with the release of the Future Infrastructure: Private Investment discussion paper.

Speaking at the Australian Financial Review’s National Infrastructure Summit, Deputy Premier and Minister for Infrastructure Steven Miles said the release of the discussion paper aimed to provide industry with greater clarity in infrastructure investment opportunities in Queensland.

“We’re committed to encouraging more private sector investment to work with the Government in shaping Queensland’s future,” he said.

“The release of the Future Infrastructure: Private Investment discussion paper, signals our intent to do this, and tells the private sector that Queensland is the place to invest.

Miles said the Queensland Government was strongly committed to investing in and owning, key public infrastructure.

“There is no doubt that investment in infrastructure unlocks, catalyses and supercharges growth in industries and in the liveability of our communities for generations to come,” he said.

“Our continued economic growth requires collective and collaborative investment in priority areas alongside the private sector.

The Future Infrastructure: Private Investment discussion paper — Image courtesy of the Queensland Government.

“This discussion paper provides a blueprint of the State’s infrastructure investment priorities and the extraordinary opportunities that exist for a collaborative approach to delivery for Queensland.

Miles said the Queensland Government was committed to long-term growth opportunities including decarbonisation, the circular economy, and more reliable connectivity for the state’s regions.

“We are already on our way to becoming a global leader in renewable energy as worldwide energy use changes and countries demand more sustainable and low emissions products and supply chains,” he said.

“Our circular economy approach is driven by our goal to be zero-waste by 2050, ensuring a sustainable system of reuse, refurbishment, remanufacturing, and recycling.

“For all of Queensland to thrive we need faster, more reliable digital infrastructure, capable of providing contemporary services across the state, including to our remote and First Nations communities.

Miles said the discussion paper aims to provide a platform for targeted industry engagement, with expressions of interest now open to be involved in early 2023.

“We’re aiming to continue to develop our infrastructure investment opportunities along with better understanding potential barriers to investment and how Government can better apply existing levers to achieve greater infrastructure investment,” he said.

“By being clear on our priorities and working closely with industry, we can better identify where and how these partnerships can deliver Queensland’s future infrastructure.”

For more information, visit: www.statedevelopment.qld.gov.au