The Queensland Government has announced the formation of a new standalone unit aimed at fostering investment partnerships that deliver positive infrastructure outcomes across the state has been set up in the Department of treasury and Trade.

 

Treasurer Tim Nicholls today announced the establishment of Projects Queensland, a body which will focus on driving cooperative funding models that maximise private investment. 

Mr Nicholls said Projects Queensland would ensure major projects were built on time and to budget. 

 

Projects Queensland’s key responsibilities will be: 

  • Preparation, evaluation and management of public-private partnership projects; 
  • Active engagement with the private sector to develop funding models to encourage private investment in infrastructure; 
  • Preparation of business cases and contract negotiations for government financed infrastructure where the expected cost is greater than $100 million; 
  • Acting in an advisory role assisting line agencies in the delivery of projects with an estimated capital cost below $100 million; and 
  • Review and maintenance of the government’s key infrastructure policies