Fast tracked construction projects – Queensland’s $200 million job explosion

Posted on 10/08/2020

A huge increase into the job market has seen the Queensland state government put forth a plan to boost development in the construction sector whilst simultaneously supporting long-term job creation state-wide.

The Palaszczuk government is investing approximately $200,000,000 through the Building Acceleration Fund – the investment will be distributed through local councils, property developers and experts within the industry to allow projects to be fast-tracked.

Companies can submit application to receive funds from the program in the coming weeks for projects that are ready to begin construction within 12 months of receiving grant.

The investment is intended to support more long-term projects that will aid the creation of thousands of jobs over the next 5 years, providing flow on benefits to the community.

Depending on the scale of the construction project, the government expects the developer to co-invest around 10-50 percent of the overall project cost.

Guy Gibson, head of development at LendLease QLD, commented that supporting the delivery for communities such as in Yarrabilba is vital to properly accommodating the continued growth of the region.

The funds can be applied for by any of the following categories of projects – roads, water distribution, sewerage, stormwater and others that meet a longer list of eligibility criteria.