Government and Industry Infrastructure Investment commitments Top $1.5 billion
February 4th, 2012
Published – Gladstone Observer
At the end of 2011 the tally of industry investment for social infrastructure in the Gladstone region following final investment decisions for construction projects totalled more than $162 million.
This included commitments for the Gladstone Foundation and key target areas identified in the Gladstone Region Social Infrastructure Planning Study and Opportunities Framework.
In 2012 these valuable industry contributions will continue to grow with QGC recently announcing $308,000 for Gladstone region community projects and $12 million to support the Gladstone region roads network.
In addition State and Commonwealth Government commitments have been provided to facilitate specific infrastructure projects such as the Gladstone Port Access Road ($50 million); the Calliope Crossroads upgrade ($150 million); and affordable housing facilitated through the Urban Land Development Authority ($1.18 billion). This together with Local Government commitments brings the current total to more than $1.5 billion.
The individual government and industry commitments are shown in the table below. In line with long term planning for the Gladstone region the community infrastructure and services contributions summarised in the table includes investment in facilities and services for recreation and sport; health and wellbeing; education, training and employment; environmental, family and youth care; plus multicultural and indigenous support.
| Gladstone Region Government and Industry Infrastructure Investment Commitments | |
| Infrastructure Item/Opportunity | Investment |
| Housing | $1,188,490, 000 |
| Transport Infrastructure | $223, 550,000 |
| Community Infrastructure and Services | $144, 894,328 |
| Total Contribution/Commitment | $1,556,934,328 |
These commitments reflect the significant economic and social benefits for the Gladstone region with some $30 billion of projects currently under construction and a further $30 billion in the pipeline. Investment in project construction, infrastructure and future operations provides a firm platform for the further development of the region and its vibrant community with the creation of in excess of 20,000 local job opportunities.
The Gladstone region is certainly a key investment and job creation centre for both Queensland and Australia.