The outcome of this collaboration is an authoritative report which describes the scale, timing and location of all major engineering projects being considered or developed in Queensland.
For 2020 we have moved away from printing the large static report and placed greater emphasis on digital. All your detailed information and in-depth analysis can be found at our dedicated website – qldmpp.com.au – where, for the first time, you will also be able to search and sort data in the pipeline project listing.
In another first, we will issue two updates to the report during 2020. In June we will provide an update addressing projects advanced in both the State and Federal budgets and another update addressing the State election in October.
The Queensland Major Projects Pipeline Report (QMPPR) 2020 presents mixed news for the major projects industry. At just over $50b, the five-year pipeline is larger than in 2019. However, this is due to the addition of $9.4b in unfunded works, mainly backed by the private resources sector. The public sector continues to do the heavy lifting.
Globally, the pressure on governments to build more and more infrastructure and deliver services keeps growing without a sufficient income base. Queensland is one of Australia’s largest states and with its growing and dispersed population, feels this burden acutely. Public spending is under pressure from competing needs with ever increasing community needs for spend on health and education as well connecting infrastructure in transport, water, energy and digital.
Queensland needs to secure more financing without placing an unsustainable burden on public borrowing or taxation. Increasing private sector spend on economic enabling public infrastructure is crucial to increase sustainability and maintain liveability.
The south east Queensland (SEQ) City Deal and a successful bid for the 2032 Olympics would be great catalysts to lift business confidence and attract more private funds.
We live in uncertain times. This year Australia has lived through one of the worst bushfire seasons in living memory. While some may question whether the bushfires are linked to climate change, the evidence that climate change is real cannot be ignored as our report cover graphically illustrates. Combined with accelerated biodiversity loss, increased natural disasters, infectious diseases, the water crisis, geopolitical tensions and technological changes, the long-term global outlook is hard to predict.
For these reasons sustainability and resilience are key themes in the report. As well as our traditional focus on the economic sustainability of the industry, we also explore issues related to environmental sustainability such as the need for action to make Queensland’s existing infrastructure more resilient to natural disasters, what new infrastructure is required to combat the effects of climate change and what we can all do to address the causes and impacts of climate change.
Sincere thanks go to our partner BIS Oxford Economics for their expert guidance, compilation of the project listings and the detailed independent analysis that underpins the report. We also would like to thank our report sponsors whose support enables us to provide such in-depth analysis.