Investment projects in qld jump to 107b

Updated

The investment boom that has sprung from $2.5 billion worth of new land and i더킹카지노nvestment projects is jumping ahead of its $4 billion backlog.

The Federal Government announced on Wednesday that it had received funding wor더킹카지노th $3 billion of fresh government funding through the Government’s National Investment and Infrastructure Plan (NIPIMP).

Investment, infrastructure and agriculture were all named as new priority areas for the plan’s 2016 capital budget.

Queensland Premier Annastacia Palaszczuk said the announcement represented an important new chapter in the state’s economic development strategy.

“Our investment strategy can now become a major catalyst for growth in all sectors,” Ms Palaszczuk said.

“In 2016 alone, we have secured new investment worth $8.1 billion, more than twice the amount that was secured in 2013.”

She said the NIPIMP funding “sets a clear direction for government investment in the state’s economy and supports the growth of the economy”.

The latest state budget for 2015 was $2.53 billion. The latest planned allocation is $3 billion in 2016 and $5.5 billion in 2017 and 2018, with the bulk of the investment coming in the area of infrastructure.

The state will be able to use its existing land reserves to pay for these projects over time.

Labor MP Nick McKim said the budget also shows more will go to rural and regional areas.

“This is important for the economy, the economy of Queensland in the long term and it is also just the right thing to do to fund major infrastructure projects,” he said.

Topics: business-바카라사이트economics-and-finance, states-and-territories, qld

First posted