Queensland, Australia, is planning to deliver $49.5 billion in infrastructure projects over the next four years, according to an annual update to the The Palaszczuk Government’s infrastructure plan.
The government said it will invest in new schools, better hospitals and regional health facilities, new technologies, transportation, road improvements, and “other projects needed to keep Queensland growing in a sustainable way.”
According to the 2019 State Infrastructure Plan (SIP), Queensland will invest $12.9 billion in infrastructure in 2019-2020, with $9.2 billion in economic infrastructure and $3.7 billion in social infrastructure.
Queensland is also aiming to add diversity to the economy through priority sectors, such as advanced manufacturing, defense industries, aerospace, hydrogen, biofutures and other renewable energy sources, and recycling and resource recovery.
As of March, the Queensland $146.8 billion infrastructure pipeline was recorded as the second largest in Australia by Deloitte Access Economics Investment Monitor, according to the SIP.
The overall spending plan represents a $3.8 billion increase from previous years.
Read the full infrastructure plan here.
