In 2015–16, the Queensland Government established the State Infrastructure Fund (SIF) to boost infrastructure investment, increase business confidence and to fund government priorities.
The now $2.2 billion SIF focuses on infrastructure that will enhance productivity and support jobs as well as projects that are ready to be brought to market quickly, so that we continue to underpin productivity and jobs growth in Queensland.
Some of the core allocations, which have been separately supplemented through the 2017–18 State Budget include:
- $800 million towards the delivery of Cross River Rail and a further $50 million to establish the Cross River Rail Delivery Authority. Through the 2017–18 State Budget, the government committed to fully funding the project – Read more about Cross River Rail.
- $300 million for the Priority Economic Works and Productivity Program (PEWPP).Funding has been allocated to the Department of Transport and Main Roads and Queensland Rail to deliver seven high priority transport projects.
- $180 million for the Significant Regional Infrastructure Projects Program (SRIPP). The SRIPP is delivering 25 social and economic infrastructure projects and programs that respond to a community need or provide increased economic opportunities in key regional centres across Queensland.
- $20 million for the Maturing the Infrastructure Pipeline Program (MIPP) The MIPP supports the development of a robust project pipeline by enabling projects to be matured from conceptually good ideas into solid proposals. To date the following activities have progressed:
- Rapid assessments of proposals raised through consultation and future opportunities identified in the State Infrastructure Plan have been completed.
- Early stage assessments of new infrastructure proposals submitted by local governments has commenced.
A $10 million top-up was provided through the 2017–18 State Budget taking total government funding to $30 million.
- $200 million for the first stage of the Works for Queensland program (W4Q). This stage of the program prioritises regional areas outside South East Queensland that are experiencing higher unemployment rates. More than 700 projects have been approved and councils estimate the works will support, sustain or create almost 6,000 jobs in regional towns and cities.
Under the 2017–18 State Budget, an additional $200 million is being provided for the W4Q program—this takes total government funding to $400 million. It will continue to fund job-creating maintenance and minor infrastructure works to ultimately improve the condition, quality or lifespan of local government assets. The department will work with eligible councils to distribute funding allocations and identify projects. Learn more about this program.