In 2015–16, the Queensland Government established the State Infrastructure Fund (SIF) to boost infrastructure investment, increase business confidence and to fund government priorities.
The now $2.2 billion SIF focuses on infrastructure that will enhance productivity and support jobs as well as projects that are ready to be brought to market quickly, so that we continue to underpin productivity and jobs growth in Queensland.
Some of the core allocations, which have been separately supplemented through the 2017–18 State Budget include:
- $800 million towards the delivery of Cross River Rail and a further $50 million to establish the Cross River Rail Delivery Authority. Through the 2017–18 State Budget, the government committed to fully funding the project – Read more about Cross River Rail.
- $300 million for the Priority Economic Works and Productivity Program (PEWPP).Funding has been allocated to the Department of Transport and Main Roads and Queensland Rail to deliver seven high priority transport projects.
- $180 million for the Significant Regional Infrastructure Projects Program (SRIPP). The SRIPP is delivering 25 social and economic infrastructure projects and programs that respond to a community need or provide increased economic opportunities in key regional centres across Queensland.
- $20 million for the Maturing the Infrastructure Pipeline Program (MIPP) The MIPP supports the development of a robust project pipeline by enabling projects to be matured from conceptually good ideas into solid proposals. A $10 million top-up was provided through the 2017–18 State Budget taking total government funding to $30 million.