Re­gion poised to lead state growth

Townsville Bulletin - - NEWS - TONY RAGGATT

NORTH Queens­land will ben­e­fit from a $ 1.4 bil­lion boost in ma­jor project spend­ing this fi­nan­cial year, pro­vid­ing big flow- on ben­e­fits in wealth cre­ation and jobs, a fo­rum has been told.

Se­nior econ­o­mist at BIS Ox­ford Eco­nomics Adrian Hart told the fo­rum projects in­clud­ing work on roads, rail­way lines, wa­ter, the port and a foot­ball sta­dium came af­ter weak spend­ing last fi­nan­cial year of a “cou­ple of hun­dred mil­lion dol­lars”.

BIS charts en­gi­neer­ing and con­struc­tion projects val­ued above $ 50 mil­lion across Queens­land.

Mr Hart said North Queens­land, as with the State gen­er­ally, had come through a pe­riod of weak spend­ing not just re­lated to the end of the min­ing boom but a big drop in pub­lic in­vest­ment by gov­ern­ments.

“What we are see­ing over the next few years is a bit of re­ver­sal of that trend,” Mr Hart said.

“North Queens­land is go­ing to be the fastest grow­ing re­gion of the State in terms of ma­jor project work over the next five years.”

Mr Hart said the im­pact from the spend­ing would be large but not nec­es­sar­ily lon­glast­ing.

“For ev­ery dol­lar that you spend on in­fra­struc­ture, you typ­i­cally get an­other $ 2 into

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