South-east Queensland City Deal to deliver $1.8 billion in infrastructure

South-east Queensland City Deal to deliver $1.8 billion in infrastructure

South-east Queensland City Deal to deliver $1.8 billion in infrastructure

Prime Minister Scott Morrison, Queensland Premier Annastacia Palaszczuk  and Brisbane lord mayor Adrian Schrinner signing the SEQ City Deal at the Gabba.

Details of south-east Queensland’s long-awaited City Deal between all three levels of government have finally been agreed, with the $1.8 billion infrastructure pact to be signed in Brisbane on Monday.

The SEQ City Deal will be funded through $667.77 million from the Commonwealth, $618.78 million from the Queensland government and $501.62 million from the Council of Mayors (SEQ), representing the region’s council.

In addition, $75 million would be funded from industry.

With south-east Queensland’s population expected to reach 5.4 million within two decades, the cross-governmental agreement aimed to prepare the region for that growth.

The Brisbane 2032 Olympic Games, 10 years away, only added to the sense of urgency.

The single biggest beneficiary will be Brisbane City Council’s Woolloongabba Metro station, which will link with Cross River Rail and be a vital connection during the Olympics, with $450 million allocated to the project.

The nearby Gabba has been proposed as Brisbane’s main Olympic stadium.