Queensland commuters, freight drivers and tourists alike will benefit from the multi-billion-dollar transport spend unveiled in the state budget.
Southeast Queensland will be the big winner, with huge investments set to be delivered along the rail corridor, on the M1 between Brisbane and the Gold Coast, local rail lines on the Gold and Sunshine coasts, and upgrades along the Bruce Highway growth corridor.
The rest of the state hasn’t been forgotten, with a multi-billion-dollar Bruce Highway capital program to benefit towns between Cairns and Brisbane and rail investments for the regional network.
As promised in the election campaign, Queenslanders will be on-board 20 new trains by 2025, all bearing a stamp not seen in more than a decade – Made in Queensland – with construction set to begin at Maryborough.
In total, the government will spend $6.3 billion in “transformative transport infrastructure”, which includes $1.5 billion to continue construction work on the Cross River Rail.
Australia’s exports of cross border financial services are small as a proportion of services exports – accounting for just 5.7 per cent in 2018-19 – and also compared with other leading financial centres.