ECONOMIC SNAPSHOT SOUTH EAST QUEENSLAND
Population Growth
South East Queensland (SEQ) is Australia's fastest growing metropolitan region. From 2006 to 2031, its population is expected to grow from 2.8 million to 4.4 million people. By 2031, an additional 754,000 dwellings will be required, as well as supporting infrastructure and services
Infrastructure Spend
The South East Queensland Infrastructure Plan and Program 2009-2026 outlines the government's infrastructure priorities for the South East Queensland (SEQ) region to support the SEQ Regional Plan. It represents a long-term commitment to infrastructure delivery in SEQ.
The 2009 edition of the plan identifies $124 billion in estimated infrastructure investment (inclusive of federal government contributions and other revenue sources), which is expected to create up to 900,000 jobs through to 2026.
· It is still the largest infrastructure program in the country.
· The plan comprises 378 identifiable projects to 2026.
· 87 projects are complete at an investment of $9.1 billion.
· Another 173 projects are underway, with 91 projects currently under construction - worth an estimated investment of $56 billion.
SEQIPP Projects include:
- $30 million to widening the Gold Coast Highway at a total cost of $127 million
- $97.3 million to continue the extension of the Gold Coast Rail line
- $170 million towards the Northern Busway to be completed in 2012
- $175 million towards the Eastern Busway
- $125 million to continue work on the new $315 million Houghton Highway Bridge between Brighton & Redcliffe
- $17.9 million in joint Queensland-Federal funding to complete $47 million upgrade of Mudgereeba interchange on the pacific motorway
- $93.5 million in joint Queensland- Federal funding between Springwood & Daisy Hill (total cost of $421.6 million)
- $142.3 million to start work on the $322.3 million roundabout on Airport Drive
