According to local media, with Queensland's population passing five million, the Queensland government has decided to upgrade the regional infrastructure in order to cater to the faster population growth. Recently, it announced the infrastructure projects with a total value of about 46 billion Australian dollars, which is planned to be realized in succession in the next four years.
The second part of the report, called the State Infrastructure Plan, clearly states that the total budget for the project in 2018-2019 will be 11.6 billion Australian dollars, which will create about 38,000 job offers.
The department of economic forecasting at Deloitte said, "Queensland's urban development is at a historically robust stage. Unlike New South Wales and Victoria, the state relies heavily on property markets and privatization to make its money. Queensland has relied more on infrastructure development and some tax increases to raise revenue.
Cameron Dick, Queensland's minister of urban planning, revealed that more than 65% of Queensland's infrastructure budget is spent on local government, and only about 35% on the capital, Brisbane. In addition, about $21.7 billion will be invested in transportation and rail facilities over the next four years, directly creating 19,200 jobs.
The $5.4 billion cross-river railway project is the biggest infrastructure investment in a decade, he explained, and the government will be in partnership with a private consortium.
"Queensland has become one of the most popular destinations for migrants in Australia, and many people who have moved to Queensland believe that Queensland is an ideal place to live, with a better climate and living environment, and the cost of housing in Queensland is much more attractive compared to that in some other states.”
"Our population surpasses 5 million in the first half of this year and continues to grow, with annual growth of more than 100,000 expected in the next 20 years. Therefore, the future development of the region must take population growth into account.”