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  • Writer's pictureCameron Bird Property Group

The 2024-25 QLD Budget Unveils a Massive $107 Billion Infrastructure Investment

  • In short: The 2024-25 QLD Budget unveils a massive $107 billion infrastructure investment, set to create thousands of new jobs and drive economic growth across the region.

  • What's next? Queensland’s transformational Big Build will continue delivering the infrastructure needed to support the growing State by creating new industries, more jobs, better communities and stronger regions. 

Queensland’s ambitious Big Build initiative is set to drive the state's growth by creating new industries, jobs, vibrant communities, and stronger regions. This capital program prioritises infrastructure projects that will decarbonize the energy system, expand healthcare capacity, and prepare for the Brisbane 2032 Olympic and Paralympic Games.

In 2024-25 alone, approximately $27.1 billion will be spent on capital investments, directly supporting up to 72,000 jobs across Queensland, with about 50,000 of these jobs located outside the Greater Brisbane region. By 2027-28, the Queensland Government will have facilitated over $225 billion in infrastructure works.

“Queensland’s Big Build is not just a plan—it’s a reality in progress, driving job creation and economic growth,” said Premier Steven Miles.

“This budget capitalises on our leading position in emerging industries to attract record investment and job creation, particularly in regional infrastructure, battery innovation, and housing development.”

Critical Transport Infrastructure

As Queensland’s population and geographical size grow, a robust transport network is essential.

The 2024-25 Budget commits to a record $37.4 billion for the Queensland Transport and Roads Investment Program (QTRIP) through 2027-28, supporting key regional projects such as:

  • A new 37.8-kilometre Direct Sunshine Coast Rail Line between Beerwah and Maroochydore, the longest spur line ever in South East Queensland, with Stage 1 connecting Beerwah to Caloundra.

  • The Coomera Connector (Stage 1) from Coomera to Nerang, offering an alternative to the M1 for rapidly growing communities.

  • The ongoing Bruce Highway Upgrade Program, with significant investments to enhance flood immunity, safety, and efficiency.

  • Stage 3 of the Gold Coast Light Rail, adding eight new stations from Broadbeach South to Burleigh Heads.

  • The Logan and Gold Coast Faster Rail upgrade, increasing track capacity and modernizing systems along a 20-kilometre corridor.

Queensland Energy and Jobs Plan

The budget also includes a historic $26 billion investment in renewable energy over the next four years. The Queensland Energy and Jobs Plan (QEJP) outlines a pathway to 2035 for delivering clean, reliable, and affordable power.

Key investments include:

  • $16.5 billion for renewable energy and storage projects

  • $8.5 billion for transmission infrastructure

  • $500 million for distribution network storage projects

  • $192 million for Powerlink’s Transmission and Training Hubs

“Queensland’s energy transition is a generational opportunity for jobs, economy, and climate,” said Minister for Energy and Clean Economy Jobs Mick de Brenni. “This budget secures job and energy stability for all Queenslanders.”

Fortescue Future Industries’ (FFI) Green Energy Manufacturing Centre in Gladstone

Supporting the Regions

The budget commits $18.568 billion to capital projects outside Greater Brisbane, supporting around 50,000 jobs. This includes the $1.1 billion Works for Queensland program, aiding local governments in job-creating projects, and $100 million for disaster resilience and mitigation.

Brisbane 2032 Olympic and Paralympic Games

To prepare for the 2032 Games, the budget allocates $62 million over four years for Project Validation Reports and establishment costs for the Games Venue and Legacy Delivery Authority. The $7.1 billion venues infrastructure program includes the Brisbane Arena, upgrades to key stadiums, and 15 new or upgraded minor venues.

“The 2032 Games will spotlight Queensland globally, and we are committed to leveraging this opportunity to create lasting legacies across the state,” said Minister Grace Grace.

With this comprehensive budget, Queensland is poised to build a sustainable, resilient, and prosperous future, cementing its position as a leader in infrastructure, energy, and job creation.


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