STATE RECONSTRUCTION HITS $3BN MARK

Written on the 22 November 2011

STATE RECONSTRUCTION HITS $3BN MARK

QUEENSLAND Premier Anna Bligh (pictured) has praised the climbing value of Southern Queensland’s reconstruction program.

Bligh claims the value of reconstruction projects in the region have surpassed $914 million, with $164.8 million in works completed, $556.5 underway or out to tender and $192.9 million in the pipeline.

"These dollars mean jobs for southern Queensland – the reconstruction of state and local government roads and assets through to 2013-14 will support more than 15,000 jobs around the state,” says Bligh.

"Across Queensland the reconstruction program has hit $3 billion with almost $700 million in reconstruction works completed so far – and it's just the start as the reconstruction program continues over the next two to three years.”

The Queensland Reconstruction Authority (QRA) is monitoring reconstruction region by region to ensure a maximum return on investment. Funds allocated for each region include $569.7 million (southeast), $994.9 million (central), $436.6 million (north) and $115 million (far north).

QRA chair major-general Richard Wilson, describes cooperation between state and local agencies on projects as positive.

"Travelling throughout the state and seeing council and Main Roads crews busy on the job, is the best demonstration the reconstruction effort is progressing well," says Wilson.


Latest News

CROMWELL TRADES STEADILY IN FIRST HALF

CROMWELL Property Group has maintained a steady operating profit at $0.045 per security in the first half of FY17,...

WHY NEXTDC'S STOCK IS SOARING

AFTER posting its interim result, NEXTDC (ASX: NXT) gained more than 12 per cent on the stock market before noon.
...

PWR PROFIT CRASHES AS DOLLAR RISES AND COSTS MOUNT

A RISING Aussie dollar has offset PWR Holdings Limited's (ASX:PWH) overseas growth in the last half, forcing a...

SUPER RETAIL GROUP RESULTS SHINE ACROSS THE BOARD

A WELL-planned and executed half has paid off for Super Retail Group (ASX:SUL) as it posts a net profit result up ...

Related News

EVERYTHING YOU NEED TO KNOW ABOUT THE NATIONAL BROADBAND NETWORK

THE National Broadband Network (NBN) is more than an internet connection, it is an opportunity to transform your b...

WHY EMPLOYEE-OWNED COMPANIES ARE BEATING ASX200 SHARE PRICES

EMPLOYEE-owned companies command a higher share price than their publicly listed peers, reaping a 17 per cent prem...

RISE OF THE MACHINES HAS WORKERS SWEATING

UP TO 3.8 million Australian workers are fearful their job may soon be terminated by a robot, a new survey has shown....

LESS TALK, MORE SMALL BUSINESS ACTION IN 2017

THE future growth and prosperity of Australian SMEs could be undermined if governments lose sight of the sector...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter