State Budget Submission
Townsville North Queensland contributes $13.1B annually to the Queensland economy and is home to Australia’s 13th largest city. In the coming decade, the region will experience major population growth, overtaking cities such as Hobart and Geelong.
This means that Townsville North Queensland needs investment now, to ensure it has the transport, water and energy infrastructure needed to accommodate growth. Urban infrastructure is also paramount, to ensure that the region maintains its liveability and productivity.
In the area of infrastructure planning and funding, cooperation between all levels of government is becoming increasingly important. The Townsville Waterfront Priority Development Area, a collaboration between Townsville City Council and the Queensland Government, is an example of this approach.
In 2016-17, the Queensland Government must ensure that a greater portion of its Budget is reinvested in the regions. Townsville North Queensland currently has Queensland’s highest unemployment rate. In the wake of the global mining downturn and significant job losses including at Queensland Nickel, the region desperately needs investment in projects that will generate jobs and business confidence.
The region’s number one priority continues to be the Integrated Stadium and Entertainment Centre (ISEC), which will accelerate development of the Waterfront Priority Development Area, deliver 1,650 full time equivalent jobs and turbocharge the region’s tourism and events industry.
Townsville Enterprise is calling on the Queensland Government to increase its capital contribution to the ISEC project and to also deliver on the following six priority areas:
- Infrastructure policy
- Urban activation
- Tourism and events
- Investment and industry development