The first State Infrastructure Plant (SIP) in more than three years was released on Sunday 13 March 2016, outlining the new strategic direction for the planning, investment and delivery of infrastructure in Queensland. It was announced that $500 million will be invested to build the infrastructure needed to support and grow the economy. This new SIP is set to create more than 1,000 jobs for Queenslanders.
The SIP has been delivered in two parts, Part A: Strategy and Part B: Program. Part A outlines the new approach to infrastructure planning and prioritisation, conveying a clear vision as to how the Government will respond to opportunities and challenges faced by Queensland, into the future. Part B helps establish certainty through the use of a program of investment, mapping out the next four years. Without specifying solutions, the program outlines future opportunities this encouraging innovation and ideas from industries.
Premier Annastacia Palaszczuk explained that the initial $500 million investment would be used to deliver major projects statewide which will see growth in employment opportunities, productivity and the economy. Of this $500 million, $300 million will be invested into seven road and rail project seen as critical for boosting capacity and reliability.
There is also a large focus on the needs of the community, with a portion of the initial investment targeted at addressing important regional and economic priorities such as jobs for Queenslanders.
“Through the SIP, we now have an infrastructure blueprint that will meet the future demands of our population and deliver economic growth and jobs for Queenslanders year after year through better infrastructure planning and better decision-making." - Premier, Annastacia Palaszczuk
The SIP also covers other key reform measures such as:
Establishing an Infrastructure Cabinet Committee to drive infrastructure coordination and development
Establishing an Infrastructure Portfolio Office to coordinate and integrate state government infrastructure, land-use and economic planning
Developing five new strategic infrastructure network plans for Transport, Water, Energy, Digital and Social infrastructure
Enhancing the government’s ability to fund and finance infrastructure through a focus on value capture and improving alternative funding and financing options in Queensland
Reviewing fragmented local government infrastructure grants programs to optimise prioritisation; and
Establishing a joint industry/government Infrastructure Innovation Taskforce, and a Community Infrastructure Reference Group to provide thought leadership through a prioritised program of work.
With opportunities like these on the horizon make sure your business is prepared and ready to showcase your capabilities in order to win major projects. Prepare your capability statement well in advance, use this preparing a business capability statement eBook as a guide.
Gina is a Marketing Coordinator at Felix. She is a business and engineering student, and relishes working for one of Australia's greatest mining and construction disrupters. Harsh critic of tomatoes and spiders that surprise her.
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