$800m for Cross River Rail
The Queensland Government today provided an in-principle commitment of $800 million towards building Queensland's number one infrastructure project.
The move comes as Building Queensland, the state's independent infrastructure adviser, declared Cross River Rail ready for state investment in its Infrastructure Priority Pipeline Report.
Premier Annastacia Palaszczuk said this was the biggest funding commitment to Cross River Rail by any government in its history, and part of the Government's $40 billion four-year infrastructure program announced in the 2016–17 State Budget.
"This builds on our recent commitment of $50 million in the 2016–17 State Budget to establish the Cross River Rail Delivery Authority and commence early work, and $634 million funding to deliver the critical European Train Control System which will pave the way for the project," Ms Palaszczuk said.
"With the business case now endorsed by my Cabinet, it will be provided to the Federal Government and Infrastructure Australia to ensure we urgently secure Federal funding."