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Queensland investment led by resources projects

PM News
May 5, 2011

Resources projects dominate investment in Queensland, according a report by Deloitte Access Economics.

The Investment Monitor report, which examines infrastructure spending in Australia, revealed that close to a quarter of all investment money was being spent on Queensland projects, chiefly the $16.2 billion Gladstone liquefied natural gas (LNG) project.

Other resources projects include development of the Yarwun Alumina refinery and the Kestrel coal mine in the Bowen Basin.

The Queensland Government has also committed money to public infrastructure projects such as upgrading Brisbane’s Airport Link and the Gold Coast light rail, as well as flood and cyclone recovery projects.

The report warned, however, that a drop in private construction projects may negatively affect the Queensland construction industry in the near future.

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