Brisbane's Changing Landscape
Greater Brisbane Area is booming with over $13 billion in infrastructure projects currently under construction (Deloitte Access Economics, Investment Monitor, September 2014). The opportunity for sustainable development and investment has never been better.
Exceptional infrastructure program
With cranes dominating Brisbane’s skyline and barges regularly traversing our river, residents and visitors are constantly reminded that Brisbane is a city on the move – embracing necessary and progressive change as major developments occur in both the public and private arenas. Brisbane is committed to an ambitious vision for the future and these vital investments in critical infrastructure are changing the city landscape in new and exciting ways. Queensland’s average infrastructure spend over the past 10 years is 75 per cent higher than the combined average of other states and territories at $1021 per capita (Source: Queensland Infrastructure Plan, 2011).
Brisbane Airport (BNE) is one of Australia’s fastest-growing passenger and freight airports. It is recognised as the centre of the aviation and aerospace industry for Queensland and Australia and a key driver in the long-term growth of the state and national economies. Brisbane Airport Corporation is one of Queensland’s largest private investors in infrastructure, investing more than $1.5 billion in the past 10 years, with a further $2.5 billion planned for the next decade. The construction of a new runway is currently underway at BNE. The $1.35 billion project will give BNE the most efficient runway system in Australian when complete in 2020 (Source: BNE, Major Projects, 2014).
Port of Brisbane
The Port of Brisbane is one of Australia’s fastest-growing, multi-cargo container ports and a major contributor to the Queensland economy. This world-class infrastructure asset handles about $50 billion worth of trade each year, including more than 50 per cent of Queensland’s international trade. The Port of Brisbane has experienced significant growth in recent years. Continued and accelerated infrastructure development at the port and along its landside logistics chain will ensure it is capable of meeting future demand (Source: Port of Brisbane 2014).
Timely, targeted, and adequate investment in infrastructure is essential for the Port of Brisbane to maintain its enviable position. Port of Brisbane Pty Ltd (PBPL) has committed to investing about $120 million per annum in capital investment over the next five years. In addition, planning and design has begun to undertake significant upgrade works to Port Drive and the Kite Street intersection at the Port of Brisbane. With an anticipated cost of about $110 million, these works will increase road capacity, deliver safety benefits, and improve supply chain efficiencies for users. Works are expected to begin in mid-2015 and are anticipated to take about two years to complete (Source: Port of Brisbane 2014).
To support future growth in trade and shipping, and demand for port-related commercial and industrial development, additional port land is progressively being reclaimed. A 230ha area known as the Future Port Expansion area will be gradually filled over 10 to 30 years with materials obtained from maintenance and capital dredging projects (Source: Port of Brisbane 2014).
A key infrastructure project strongly supported by PBPL is the Inland Rail project – a dedicated freight rail network linking Melbourne to Brisbane, which will transform freight transport on the east coast. The Australian Rail Track Corporation has been tasked by the Federal Government to develop a plan for constructing inland rail over a staged, 10-year period, including detailed consideration of the most appropriate dedicated rail freight link to the Port of Brisbane. A dedicated freight rail connection to the Port of Brisbane will secure the port’s future growth, productivity, and competitiveness (Source: Port of Brisbane 2014).
Brisbane's Infrastructure Projects