A new report has found investors are ditching Queensland in droves.
Infrastructure Partnerships Australia (attached) found the preference to invest in Queensland infrastructure is half that of New South Wales and Victoria.
LNP Shadow Infrastructure Minister Andrew Powell said the report highlighted Queensland’s low infrastructure investment attractiveness, compared to the two other east coast states.
“Premier Annastacia Palaszczuk has cut $9 billion from Queensland’s infrastructure budget in a move that has all but destroyed the project pipeline,” Mr Powell said.
“The Palaszczuk Labor Government is spending less of the state’s revenue on infrastructure than any other state in the nation.
“With Queensland having the highest unemployment rate in the country, Annastacia Palaszczuk chooses to have fake fights with Canberra instead of getting on with the job.
“Currently, there are $3.3 billion worth of projects that are not being built or on the backburner because Annastacia Palaszczuk refuses to work with the Federal Government.
“Only a Deb Frecklington LNP Government will put politics aside and work with the Federal Government to deliver a better Bruce Highway, build the Second M1, duplicate the Sunshine Coast rail line and build Mackay Ring Road Stage 2.
“Busting congestion and creating jobs is a key part of the LNP’s economic plan to get Queensland working.”
Preference to invest in infrastructure
- NSW – 65%
- VIC – 63%
- QLD – 33%