Mining Exploration Boosted by $100m Funding Package
The Australian Government has extended the Junior Minerals Exploration Incentive (JMEI) by…
27 November 2019
It has been announced that $1.9B funding has been approved for Queensland’s Infrastructure projects consisting of $606 million from the Queensland Government and at least $1.3B from the Federal Government.
Prime Minister Scott Morrison said they will bring forward more than $440 million in a bid to deliver road and rail projects as quickly as possible in order to boost the economy and help the Queensland community. Bringing forward the projects will increase jobs, boost the economy and make Queensland roads and highways safer and reduce travel time for commuters.
The projects that existing funding will be brought forward include:
The following projects will receive new funding:
The Stage 3A of the Gold Coast Light Rail project will have $63 million funding brought forward and $157 million in additional funding.
This deal puts an end to a long-running dispute by the Queensland Government over the Federal Budget in April, which saw Queensland ministers criticising the Prime Minister for favouring big infrastructure projects in New South Wales and Victoria.
The Government are investing hugely in infrastructure nationally with a $100 billion infrastructure pipeline across Australia which will provide employment opportunities and economic growth across Australia in particular regional communities.