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    Media Statements

    Coat of ArmsMedia Release
    Deputy Premier, Minister for Transport, Minister for Infrastructure, Local Government and Planning and Minister for Trade
    The Honourable Jackie Trad

    New infrastructure fund to kick-start development and boost jobs

    Deputy Premier, Minister for Transport, Minister for Infrastructure, Local Government and Planning and Minister for Trade
    The Honourable Jackie Trad

    Wednesday, September 16, 2015

    New infrastructure fund to kick-start development and boost jobs

    The Palaszczuk Government will deliver more than $59 million in new funding to invest in catalytic infrastructure to unlock development opportunities, create jobs and drive economic growth. 

    Deputy Premier and Minister for Infrastructure, Local Government and Planning, Jackie Trad, said the new Catalyst Infrastructure Program will allow councils and private proponents to apply for co-investment funding to build road, water, sewerage and other infrastructure.

    “Often development can be stalled by the lack of critical infrastructure such as roads, water supply, wastewater or stormwater infrastructure,” Ms Trad said.

    “By investing in this catalyst infrastructure, we unlock the potential for economic growth and jobs.

    “Councils, developers and water distributors-retailers will embrace this opportunity with the Palaszczuk Government co-investing in infrastructure to kick-start the development of their projects.”

    Ms Trad said the Palaszczuk Government is investing $10.1 billion in infrastructure this financial year, supporting 27,500 jobs.

    “Today’s announcement is another key initiative from the Palaszczuk Government to drive infrastructure investment in Queensland,” Ms Trad said.

    “Over the forward estimates, the government’s capital investment spend will be more than $35 billion.”

    The Deputy Premier said the key criteria for the Catalyst Infrastructure Program is proposed infrastructure must generate, facilitate or accelerate economic benefit.

    “We are now talking to councils and calling for potential co-investors to speak to us about what projects they would like to see funded through the Catalyst Infrastructure Program. We are looking for shovel-ready projects which demonstrate significant flow-on economic benefits for the community,” Ms Trad said.

    “Jobs and economic growth are key priorities of this government and all councils will be eligible to apply for catalyst infrastructure funding under the program.”

    Successful proponents will receive funding on an interest-free basis to be repaid over time. These repayments will allow for the sustainable, ongoing funding of the program.

    The proponent must also co-invest between 10 and 50 percent of the total direct costs, and be ready to commence construction within 12 months.

    The $59 million Catalyst Infrastructure Program will be delivered by Economic Development Queensland.

    To view the program guidelines visit www.edq.qld.gov.au

     

    Media contacts:          Deputy Premier’s Office:       0488 996 667