“This business case will support the next critical steps needed to push major transport investments on the Gold Coast forward which is vital for Queensland’s economic recovery,” Ms Palaszczuk said.
Today is the day Brisbane Airport opens its new parallel runway
The first aircraft will use Brisbane Airport’s new parallel runway on Sunday, 15 years after planning began to give the River City an extra stretch of tarmac.
The finished product is expected to be completed at a cost of $1.1 billion, $200 million under budget, after eight years of construction.
The runway received clearance for take-off on September 18, 2007, when the federal government approved the major development plan.
Since 2012, 324 subcontractors – 90 per cent of which were based in south-east Queensland – have worked 3.3 million hours to build the 3.3-kilometre strip.
The runway is built on a 360-hectare reclaimed site, made possible by pumping 11 million cubic metres of sand from Moreton Bay through a 4.5-kilometre pipeline.
The site preparation and reclamation works were completed in May 2017, triggering the start of construction of the $120 million Dryandra Road Underpass, which opened in October 2018.
In April last year, work began on the John Hansford Bridge, which will form part of the surrounding road network and has been named after Brisbane Airport’s longest-serving employee.
In December, the last of the 100,000 tonnes of high-strength asphalt was laid, the final layer of the runway’s pavement design.
The first part of this year was spent on the final touches: 120 kilometres of runway and taxiway markings, navigational aids, control tower systems and finishing the ground lighting.
Construction wrapped up at the end of April, ahead of the July 12 grand opening.
Brisbane Airport Corporation chief executive Gert-Jan de Graaff said the new runway was a catalyst for change in Brisbane.
“This new runway is so much more than asphalt,” he said.
“It is an enabler for recovery and growth across all facets of business, with an estimated 7800 new jobs created by 2035 and an additional $5 billion in annual economic benefit to the region.
“Now more than ever it is crucial that we have the infrastructure and mechanisms in place to allow our great city and state to recover from the COVID-19 global pandemic, and Brisbane Airport and this new runway will play a strong part in that.”
The new tarmac is predicted to slowly double Brisbane Airport’s passenger numbers from 23.4 million in the 2018-19 financial year to more than 50 million by 2040.
This would increase Brisbane’s daily flights at the airport to about 110 aircraft movements an hour, putting the airport in the same league as Singapore Changi Airport.
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Population boom: QLD the nation’s new interstate migration capital !
QUEENSLAND has overtaken Victoria to become the nation’s interstate migration capital, but it’s not for our beautiful weather and glorious beaches. Here are the reasons so many people are relocating to the Sunshine State.
QUEENSLAND has overtaken Victoria to become the nation’s interstate migration capital, with new-found economic optimism and a resilient housing market luring an influx of southerners north.
Queensland recorded a net interstate migration gain of 24,000 people during the period, with the population increasing overall by 1.7 per cent or 83,300 to 4.9 million.
Victoria was the next most popular among interstate movers, with a net gain of 15,100.
ABS demography director Anthony Grubb said it was the first time in four years that Queensland had overtaken Victoria in terms of net interstate movement.
“Before that, Queensland was the biggest gainer for 20 years, excepting a brief period in 2011 when Western Australia overtook it,” Mr Grubb said.
“The most common move between states was from New South Wales to Queensland with 52,000 people making the move north.
“The next most common move was in the opposite direction with 36,900 people moving from Queensland to New South Wales.”
Experts say Queensland’s improving economy, standard of living and relatively affordable housing market are driving the surge in interstate migration.
“I think what’s happened is that with house prices in NSW becoming unaffordable for many at a time where southeast Queensland markets haven’t moved much, people are starting to think there’s better value in Queensland,” AMP Capital chief economist Shane Oliver said.
“People in Sydney are saying it’s too crowded, too expensive and they’re looking elsewhere — and Queensland has benefited from that.”
Mr Oliver said employment in the state had increased by 1.9 per cent in the past 12 months, which meant there were more jobs available.
“The Queensland economy had been held back by the end of mining investment boom but that drag is starting to fade,” he said.
A recovery in Queensland’s mining sector is helping to boost economic growth.
SQM Research managing director Louis Christopher agrees.
“There are more southerners moving from Sydney and Melbourne to southeast Queensland to take advantage of the standard of living and better housing affordability — both on the buyer front and the rental front,” Mr Christopher said.
“Why this is happening now, as opposed to five years ago, is because job creation has increased in the Brisbane and the southeast Queensland economy.”
Realestate.com.au chief economist Nerida Conisbee said many homeowners in Melbourne and Sydney were recognising the value in the Brisbane property market and seeing it as a good time to buy.
“Brisbane has been fairly flat over the last few years and we know the economy is doing better and there has been a return in mining and engineering roles, so it’s quite different to what we’re seeing in Sydney and Melbourne, where it makes sense for people to hold out until things calm down,” Ms Conisbee said.
“Brisbane is now looking more positive than last year, so if you are looking to get into the market, I think now is a good time.”
Australia’s population grew by 380,700 in the 12 month period to 24.9 million, with 62 per cent of the growth attributed to net overseas migration.
Originally published as Queensland the nation’s biggest drawcard
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