Wednesday, April 17, 2024

Queensland releases private investment discussion paper

The Queensland Government today released its Future Infrastructure: Private Investment discussion paper, designed to boost private sector investment confidence in the State’s infrastructure needs.

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,” Mr Miles 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.

“Our Government is strongly committed to investing in and owning, key public infrastructure.”

Mr Miles said investment in infrastructure unlocked, catalysed and supercharged growth in industries and in the liveability of communities for generations to come.

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

“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.”

He said the Government was committed to long term growth opportunities such as decarbonisation, the continuing development of a circular economy, and better and more reliable connectivity in 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.”

“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.”

The discussion paper provides a platform for targeted industry engagement with expressions of interest now open to be involved in this engagement 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.”

Deputy Premier Steven Miles (file image).

“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.

“As our population grows, so too does the need to cater for that growth, with liveable communities always at the centre of our decision-making and planning,” the Deputy Premier said.

For more information on Future Infrastructure: Private Investment discussion paper, and to express your interest to be involved in this engagement go to: www.statedevelopment.qld.gov.au/fipi

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