1.3° above average above 1.3° 2019 |

Queensland Major Projects Pipeline 2020

A joint initiative QMCA IAQ QLDMPP.COM.AU | i Nowhere else in Australia do infrastructure peak bodies consult so closely with both their respective governments, government-owned corporations and private sector proponents to accurately chart the status of all major projects in their home state.

We are proud to introduce The outcome of this collaboration is an authoritative We live in uncertain times. This year Australia has report which describes the scale, timing and location lived through one of the worst bushfire seasons in of all major engineering projects being considered or living memory. While some may question whether the developed in Queensland. bushfires are linked to climate change, the evidence the 2020 Queensland Major that climate change is real cannot be ignored as For 2020 we have moved away from printing the our report cover graphically illustrates. Combined large static report and placed greater emphasis on with accelerated biodiversity loss, increased natural Projects Pipeline Report digital. All your detailed information and in-depth disasters, infectious diseases, the water crisis, analysis can be found at our dedicated website – geopolitical tensions and technological changes, qldmpp.com.au – where, for the first time, you will the long-term global outlook is hard to predict. to you – an initiative of the also be able to search and sort data in the pipeline project listing. For these reasons sustainability and resilience are key themes in the report. As well as our traditional Queensland Major Contractors In another first, we will issue two updates to the focus on the economic sustainability of the industry, report during 2020. In June we will provide an update we also explore issues related to environmental addressing projects advanced in both the State and sustainability such as the need for action to make Association (QMCA) and the Federal budgets and another update addressing the Queensland’s existing infrastructure more resilient to State election in October. natural disasters, what new infrastructure is required to combat the effects of climate change and what we The Queensland Major Projects Pipeline Report can all do to address the causes and impacts of Infrastructure Association of (QMPPR) 2020 presents mixed news for the major climate change. projects industry. At just over $50b, the five-year pipeline is larger than in 2019. However, this is due Sincere thanks go to our partner BIS Oxford Queensland (IAQ). to the addition of $9.4b in unfunded works, mainly Economics for their expert guidance, compilation backed by the private resources sector. The public of the project listings and the detailed independent sector continues to do the heavy lifting. analysis that underpins the report. We also would like to thank our report sponsors whose support enables Globally, the pressure on governments to build more us to provide such in-depth analysis. 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. Jon Davies Priscilla Radice Chief Executive Officer Chief Executive Officer 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.

ii | QLDMPP.COM.AU QLDMPP.COM.AU | 1 Queensland Major Projects Pipeline Report 2020 is a joint initiative of QMCA and IAQ.

The creation of this report is supported by BIS Oxford Economics and Struber.

Visit the website for the WELCOME full report, including an 4 interactive database of the Introduction and projects in the pipeline. overview qldmpp.com.au THE OUTLOOK 6 20 24 Pipeline outlook Regional outlook Construction outlook – risks, challenges and – substantial disparity – productivity, capacity opportunities and mixed fortunes and capability

SUSTAINABILITY Online you will find the detailed analysis: 12 18 Executive summary Interactive project list Environmental Financial sustainability State pipeline outlook Regional pipeline outlook sustainability – advocating for a Sustainability insights – a visceral issue for healthy pipeline Economic summary Construction outlook Australians

ECONOMY PROJECT LIST

Supported by 28 Interactive project list – visit qldmpp.com.au Economy – the risks and opportunities

2 | QLDMPP.COM.AU QLDMPP.COM.AU | 3 This pipeline report gathers data from 15

ce 28 resour s her 222 projects, each Ot R o a 72 d l s a o a . n with a value of C d 2 m b m r i o d c g

e s e l a s e g T 222 $50m+, organised 14 d

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The long standing Queensland 9 10 Major Projects Pipeline Report 21 6 (QMPPR) is developed by the Queensland Major Contractors Association (QMCA) and the Infrastructure Association of Queensland (IAQ). The list includes all engineering construction projects In June we will provide an update addressing in excess of $50m. It was developed by BIS Oxford projects advanced in both the State and Federal The QMPPR has become the barometer of current Economics with QMCA and IAQ member input budgets and another update addressing the State and future major project activity, and construction throughout November 2019 to January 2020. election in October. industry conditions in Queensland. The online report provides a comprehensive list of major A complete list of major projects has been To see the report in its complete detail and use the infrastructure projects and an analysis on the considered for this analysis (and is available online interactive project list, visit qldmpp.com.au. corresponding level of construction activity based at qldmpp.com.au) including explicit assumptions on both the completion of existing projects and the of work done for each project. likelihood of potential projects proceeding.

4 | QLDMPP.COM.AU QLDMPP.COM.AU | 5 Unfunded Pipeline outlook categories $8b Unlikely – risks, challenges Projects considered not to occur $2b in the next five years, even if ED ROPOS ANNOU announced. There are $4.6b in LY P NCED EDIB CR unlikely projects in the pipeline. $ 2 b U . 8 ND 9 . 13 E 2 E R b and opportunities IV PR $ T 41 O EC CU Prospective SP R O EM R E P N Projects considered likely to occur 1 6 T

7 $ over the next five years but not 1 8

. yet formally proposed. There are U 9 N D b $7.5b in prospective projects in E R b C O the pipeline. 6 Y L N E S 0 K T . I R L $5.4b $19.8b 3 U N C $ U 4 8 T

I O Credibly Proposed Unfunded Funded N

Projects that are supported by

governments and/or the private V Q e a sector but still in prefeasibility/ u y u l l t u business case mode and therefore i a a t e n do not have funding committed. RIGHT V n t a i There are $11b in credibly Public and private pipelines distributed t by stage in funding lifecycle. u y proposed projects in the pipeline.

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U 9 C support but have not yet entered N 9 U L R IK $17.8b $7.6b T the procurement stage (as at $23.2b in unfunded work. $ E 2 S L N Y O 4 C January 2020). There are $9.5b

Unfunded Funded R b

. E 1 D in announced projects in the Maintaining a growing pipeline of major project 8 b N . U

5 pipeline. work requires shifting currently unfunded projects PRI VATE

$ into the funded category, as well as growing the 1 T 8 N value of the pipeline overall. While the most likely PR E O EM S R Under Procurement PE 3 U scenario for major project work excludes “unlikely” C OC TI R Projects in a procurement VE P b ER projects, these are included to show their potential D 3 UN stage but have not yet started $ 0 18 . impact on major project work, particularly later in 4 C $ construction (as at January 2020). .7 RED 6 the forecast. IBLY CED b PROP OUN OSED ANN There are $3.2b in projects under procurement in the pipeline. The analysis is based on a considered view of both $1.5b funded and unfunded projects. The funded forecast view is similar to a “worst case scenario” outlook, Under Construction should international developments or public sector $9b Projects under construction or finances deteriorate significantly, or the combination completed in 2019/20. There are of threats to the Queensland construction industry $14.7b in projects currently under remain unaddressed. construction in the pipeline.

6 | QLDMPP.COM.AU QLDMPP.COM.AU | 7 $20b

$18b

$16b Unlikely $25.2b Prospective $14b Credibly proposed Public pipeline Funded $12b

$10b $5.4b Unfunded $8b $19.8b Funded

$6b $17.8b $7.6b

$4b Unfunded Funded

$2b

$0 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 $25.4b Private pipeline

ABOVE RIGHT Distribution of funded to unfunded projects While totals for public and private outlooks over the next five years. are similar, much of the private pipeline remains unfunded.

The total size of the pipeline has increase in unfunded work since last year, however This year the strong disconnect The number and sheer size of unfunded private 72% of the increase in unfunded work ($6.7b) is sector-backed projects in the pipeline means this increased significantly by the from the resources and heavy industry sector, and between public and private situation can turn quickly. But for now, the public includes major additions to the pipeline across coal, sector is being asked to do more of the ‘heavy lifting’ addition of $9.4b in unfunded gas and minerals projects. Consequently, the large investment is becoming more to maintain the stability of the funded pipeline. As work. Funding some of these increase in resources-related unfunded work also pronounced. global economic conditions improve through the impacts heavily on the unfunded pipeline and outlook 2020s (barring further shocks), it can be expected that projects could see funded work volatility for key resources regions including Mackay- Private sector funding is a persistent weak point in some of the currently unfunded resources projects rise back above 2018/19 levels – Isaac and Outback. the pipeline. Last year, the value of funded private will proceed. This highlights the critical importance sector work was $8.3b, compared to $7.6b in this of finding ways to attract private sector dollars into and potentially much higher. The strong increase in unfunded resources-related report. More worryingly, the value of privately public infrastructure in Queensland and gaining works points to work done in previous years to bring funded work announced or under procurement community acceptance. With greater visibility on upcoming projects, the total projects to feasibility stages. However, the uncertain has nearly halved from $3.5b last year to just $1.8b outlook for major projects has improved compared outlook for global growth, commodities demand this year. The largest driver of engineering construction in to the QMPPR 2019. The total activity forecast for and prices continues to drive delays in investment Queensland is publicly funded transport projects. 2022/23 is now $4.4b larger than the QMPPR 2019 decisions. While the lack of funding is concentrated Only four of the unfunded publicly-backed projects forecast, with the expansion in major project activity heavily in resources and heavy industry, rail, roads The split of public to private major are considered unlikely compared to 19 projects to $12.9b by 2022/23. This is comprised of $5.2b in and water projects see a similar decline in funding in project activity is almost 50/50 originated by the private sector. Much of this funded work and $7.7b in unfunded work. the five-year pipeline. The major project construction difference lies with resources and heavy industry, The previously forecast setback in the current decline in the final year of the five-year pipeline is not however nearly 80% of publicly- where return on investment is more volatile and financial year has come to pass and activity in 2019/20 unusual because the infrastructure project funding strongly tied to commodity prices and general is expected to reach $6.6b. This is $391m lower than horizon is closely tied to Government and large backed major projects are funded economic conditions. The long term structural 2018/19 and $727m of this figure remains unfunded. corporation budget cycles. The 2020 Pipeline reveals compared to 30% for the private issues facing the thermal coal sector in particular While this is significant, it is unlikely to be as severe a number of challenges and risks, but there are also puts a significant portion of the $8.7b unfunded as previously predicted. The Australian Government’s substantial opportunities and potential. sector. coal pipeline at risk. There are also a large number $1.9b transport package announced in November of unfunded privately-backed major projects in 2019 has expedited project timings and offset the electricity. decrease in funded projects in other sectors. All segments except roads and bridges saw an

8 | QLDMPP.COM.AU QLDMPP.COM.AU | 9 BELOW +$6.68b Changes in the pipeline between the 2019 and 2020 reports, separated by sector.

Funded Unfunded

+$1.74b

+$1.03b +$0.89b +$0.58b +$0.71b +$0.13b +$0.28b

Roads and Railways and Non-water Water and Defence Resources and bridges –$0.2b harbours utilities sewerage –$0.08b heavy industry –$0.82b

–$1.67b

The value of the funded pipeline Non-water utilities activity, comprising mostly electricity and telecommunications work, is expected is similar to last year's, but there to suffer the most. Major project activity declines Port of Brisbane is building the new Brisbane from $2b in work done in 2018/19 to just $56m in are significant variations by 2023/24. This is a consequence of major project International Cruise Terminal – a world-class facility sector and some sectors simply completions, such as the National Broadband Network (NBN), with no large replacements in the that will transform cruising out of Brisbane. lack projects to sustain growth. pipeline to compensate. It is also reflective of the falling work done on renewable energy generation For more information visit www.portbris.com.au/cruise There is a growing volume of water and resources projects since the 2018/19 peak. The considerable and follow Port of Brisbane on social media project work in the pipeline, although much of it is policy uncertainty at the Australian Government unfunded. Water and sewerage major project work level is also likely contributing to the lower levels rises from $488m in 2019/20 to $1.1b by 2022/23. of investment. Funded resources and heavy industry major work in the pipeline has declined $800m since last year, but It should be noted that this sector is typically more the pipeline rises $3.6b by 2022/23. At their respective volatile than sectors such as transport and, as such, peaks, however, 67% of water and sewerage projects the outlook can shift quickly if new projects emerge (principally dams) and 62% of resources and heavy or are funded. Given the positive outlook for new industry projects remain unfunded. renewable generation requirements in Queensland as part of Australian Energy Market Operator’s The gas pipeline major project work is currently (AEMO) Draft 2020 Integrated System Plan (ISP), it is very weak – the completion of the North East Gas likely that new projects will originate in this sector Interconnector in 2017/18 has left a gap in activity. in coming years. The Queensland Government has The minimal construction remaining is mostly successfully led renewable energy investment, and supported by the Roma East Gas Project and the has recently called on the Australian Government to Arrow Bowen Pipeline as part of the ongoing support more investment in renewable energy via the development of the coal seam gas fields and LNG Northern Australian Industry Fund. Exploring this processing facilities in Queensland. concept has considerable merit. DELIVERING FOR QUEENSLAND

$177 million 245 jobs supported, Around 450,000 10 | QLDMPP.COM.AU investment by Port of Brisbane on average, during each year passengers welcomed in the QLDMPP.COM.AU | 11 of construction 2020/21 cruise season Environmental sustainability – a visceral issue for Australians

RIGHT Queensland's mean temperature anomalies from 1910 to 2019 have risen to 1.3° above average.

Environmental sustainability average above 1.3° 0.51° below average below 0.51° is a visceral issue for many 2019 | 1910 | Australians, particularly with recent disastrous bushfires across eastern Australia and crippling droughts and floods. These events are highlighting the risks and challenges associated with ensuring environmental sustainability.

From an infrastructure and major projects pipeline perspective, our role includes: • Acknowledging the risks and opportunities to the pipeline from anthropogenic (human-induced) climate change; • Supporting structural adjustment policies and reskilling for new industries; • Embedding impact design principles in new infrastructure, especially in coastal zones; • Ensuring infrastructure is resilient to dangerous climate change impacts; and • Taking steps to address root causes of anthropogenic climate change and minimising the carbon footprint of our industry.

12 | QLDMPP.COM.AU QLDMPP.COM.AU | 13 Queenslanders are particularly Despite some uncertainty regarding the severity will reach 2C above pre-industrial levels or higher4, Importantly, Queenslanders are increasingly of the temperature response to a given increase in with catastrophic consequences not just for the aware of the risks and challenges posed by climate exposed to the impacts of global carbon dioxide in the atmosphere, there is a general environment but also the Queensland economy. change and want action. Following the most recent consensus by climate scientists that2: Federal election in May 2019, the ABC/Vox Pop Labs warming and climate change. • The earth’s climate has always changed over By contrast, the most current drought and bushfires Australia Talks National Survey6 revealed that 84% timescales ranging from thousands of years to have played out in the context of the current 1C of Australians wanted at least some action on climate The first step in addressing environmental millennia; of warming above pre-industrial levels. Natural change. 65% of Queenslanders said that climate sustainability is recognising the climate is indeed • Greenhouse gases from human activity are disasters and extreme weather events such as change was a problem personally and the single changing due to a build-up of greenhouse gases in warming the world (anthropogenic); and heatwaves, droughts, fires, floods and cyclones biggest issue keeping them up at night. Even in rural the atmosphere. • Effort is needed to reduce emissions and to adapt are predicted by climate science to become more and regional Queensland where employment in to the changes that are likely to occur from the frequent as warming moves towards 1.5C and 2C coal and gas industries is most focused, there is only Greenhouse gases (including carbon dioxide, gases already in the atmosphere. (or higher). Warmer and more acidic seas are also 30% support for more coal as a source of energy, methane, nitrous oxide, ozone and water vapour) expected as the climate warms, affecting coastal and with 72% and 56% supporting more solar and wind, are relatively transparent to short-wave infrared The Queensland economy is dependent on climate- ocean ecosystems and increasing coral bleaching of respectively, in the energy mix. radiation (such as heat from the sun). This means that sensitive industries such as tourism, agriculture and the Great Barrier Reef. Rising sea levels have been they allow sunlight to enter the atmosphere and heat mining. The state is also more exposed to negative estimated to impact on 27,000-35,000km of road and Environmental sustainability provides Queensland the Earth’s surface. These surfaces then re-radiate impacts such as increased heatwaves, droughts, fires, rail assets Australia-wide, with a net replacement with a massive economic opportunity which is that heat as long-wave infrared radiation, which floods, cyclones and rising sea levels. value of $51-67b (in 2008 dollars)5. potentially far greater than the fossil fuel industry. greenhouse gases tend to absorb rather than transmit. The result is that the long-wave infrared radiation is ‘trapped’ and heat accumulates in the atmosphere Over 60% of the total economic cost Climate change is happening and causing a warming process. This process is known as the ‘greenhouse’ effect because it is similar to the of climate-related disasters over Queensland is already experiencing effect that glass has, trapping heat in a greenhouse1. the decade to 2016 was focused in its negative impacts. 3 Carbon dioxide is a greenhouse gas and the increase Queensland. These negative impacts will only increase in coming in the burning of carbon-based fossil fuels (including decades, even if global carbon emissions were to fall coal and gas) and increased deforestation since the Unfortunately, even in an extreme scenario where steeply. This means that resilience, adaptation and Industrial Revolution is leading to higher rates of all human-induced carbon emissions were to cease climate mitigation strategies need to be employed global warming as a result of more carbon being immediately, many decades of high anthropogenic simultaneously. Resilience and adaptation strategies concentrated in the atmosphere. carbon emissions has already locked in some will need to take into account the current and amount of global warming. Most climate science potential impacts of warming, but carbon emissions now recognises that a best case scenario may be to reduction will be necessary to keep warming limit global warming to just 1.5C above pre-industrial contained and minimise the costs associated with levels. Given slow global action on mitigating carbon adaptation. emissions, it is now more likely that global warming

14 | QLDMPP.COM.AU QLDMPP.COM.AU | 15 Resilience and adaptation Optimising the use of less carbon- Environmental sustainability provides strategies will become an intensive materials is likely to be an Queensland with a massive economic increasing part of the major important way of cutting embedded opportunity which is potentially far greater projects industry, allowing the carbon in new infrastructure. than the fossil fuel industry. Supporting industry to lead and contribute International studies indicate that up to half of all the global effort to reduce emissions will CO emissions in the construction industry are from to better outcomes. 2 benefit very important industry sectors cement production, both in the manufacturing Fundamentally higher levels of spending on process and as a by-product of the chemical to Queensland – tourism and agriculture infrastructure will likely be required, and this may reactions8. However, a significant proportion (up to – which are highly susceptible to climate drive a bigger major projects pipeline over time. 43%) of these emissions are re-absorbed as cement The billions spent on desalination and recycled ages and weathers over time in a process called change impacts. water in Queensland (and other states) during the carbonation9. This illustrates the importance of millennium drought is one example of how expensive looking at the full lifecycle of construction materials adaptation is, and how it impacts the major project in determining their carbon emissions intensity. Even industry. In general, given the very long life required so, low-carbon cements are available which are less of new infrastructure (typically up to 100 years), and energy-intensive to produce as they often include the uncertainty of how far climate change will go magnesia, enabling the absorption of carbon dioxide 1 2 3 (depending on the success or otherwise of mitigation during curing. Other 'sustainable' materials such strategies), infrastructure planners and builders as timber, straw and compressed earth have lower Queensland can leverage from Queensland is already the national The development of more will need to embed significant resilience principles carbon footprints than cement, as well as absorbing its own natural and comparative leader in terms of installing new economic ‘green’ hydrogen into new infrastructure design, as well as adapting CO2 while growing. advantages to build new industries renewable energy generation, production processes which utilise existing infrastructure to withstand potentially severe that will help drive down particularly solar, and Australia is renewable energy also offers climate change impacts. Apart from choice of materials, increasing industry carbon emissions. This includes outpacing the world in renewable considerable opportunity for new productivity through new technologies and by Queensland's world leading energy generation installation Queensland jobs and exports. In Apart from contributing to broader economy-wide implementing strategies and policies that result in solar resources and access to per capita. This illustrates how 2019, the Queensland Government less re-working and waste is also likely to lead to CO2 emissions reduction targets, the construction “next generation” commodities quickly a fossil fuel-dominated released a 2019-2024 Hydrogen industry can also target reductions in its own carbon the strongest reductions in emissions over time. including copper, lead, zinc, silver, industry can transition to cleaner Industry Strategy with a vision of footprint as an environmental sustainability goal. With productivity falling 30% over the past five years phosphate and rare earths. renewable energy sources given making Queensland the leader for Carbon emissions from the Australian construction at the national level10, a large potential benefit in the right incentives. While Australian hydrogen production 11 industry are estimated to represent around 18% terms of CO2 emissions could be realised if previous the Queensland Government by 2030 . This followed CSIRO’s of all emissions, with energy and materials key productivity performance is restored. Consequently, maintains a 50% renewable successful demonstration of 7 achieving productivity goals not only assists with contributors . CO2 is generated throughout the energy target, the end of the their world-first technology for entire construction process including extraction, reducing costs of projects and avoiding capacity Australian Government's 2020 refuelling fuel cell electric vehicles manufacturing, transportation, construction, and capability constraints, but can also be a strong renewable energy target and (FCEVs) from ammonia at the maintenance and disposal. weapon in the fight against climate change. lack of a replacement target is – Queensland Centre for Advanced alongside transmission challenges Technologies. There are a range of strategies which the Australian Embracing circular economy – negatively impacting the pace construction industry can employ to reduce carbon of new renewable installations emissions, such as increased use of sustainable principles would provide the industry a in Queensland. materials, reduced waste, increased recycling, reduced transport requirements, utilising less carbon- common platform for reform. intensive transport, reduced on-site generators by establishing grid connections and utilising spatial technologies to minimise idling and distance travelled by construction equipment.

16 | QLDMPP.COM.AU QLDMPP.COM.AU | 17 Financial An action plan for financial sustainability sustainability – advocating for a healthy pipeline Completing these actions will see Queensland's project pipeline become robust and resilient.

1 2 3 Since its inception, the QMPPR There have been improvements ensuring the budget Governments continue to Australian and State Government and industry to work allocations are spent on infrastructure as planned, seek collaborative, long term Governments to include with community to implement has not just reported on the a greater willingness to utilise cheap debt to finance value approaches to tendering resilience and adaptation work in diversification strategies to outlook for major project activity productive infrastructure investment (helping to and procurement to achieve infrastructure audits and develop enable a positive transition for smooth the path of investment despite economic sustainable industry outcomes. a list of at risk infrastructure. regional economies currently but has also been a strong volatility), as well as steps to develop a new SEQ City Deal. dependent on fossil fuel advocate for the long term industries. sustainability of the pipeline The formation of the Infrastructure Industry Steering Committee (IISC) has resulted in discussions taking and the broader industry. place between Government and Industry focused on increasing collaboration in areas such as pipeline of Sustainability can be considered in many contexts: work, procurement, project delivery, management of 4 5 6 • Ensuring sustainable levels of infrastructure project risk and supporting design and innovation. Industry takes a leading role The Queensland Government Government and industry to investment to meet projected needs; However, these discussions are still yet to result in the engaging with Queensland to trial use of lean construction develop a suite of policies to • Sustainability of funding and finance for development of clear and quantifiable infrastructure communities to achieve a greater methodology on new projects reduce the carbon footprint infrastructure projects; investment metrics and targets, or reforming understanding of the sustainable and work with industry to of the construction industry • A financially sustainable industry that can procurement and contracting relationships to reduce continue to efficiently deliver long-lived costs, boost productivity, and target long term value ways to fund and finance our provide necessary certainty for in Queensland. infrastructure projects; and and quality infrastructure instead of minimising up growing infrastructure needs, investment in other productivity • A visibly funded pipeline that enables the front capital cost. with the aim to increase private improving tools and processes. industry to invest in training and innovation that sector investment in traditionally will improve productivity. There is also little progress on key policy reforms public sector infrastructure. and initiatives that will help sustain infrastructure Many of the challenges associated with financial investment and its efficient funding and delivery sustainability have been addressed in previous over the long term, including moving away from QMPPRs. Progress on meeting QMPPR's inefficient, pro-cyclical funding and financing 7 8 9 recommendations in Queensland has been mixed. streams, effective encouragement of private investment (which in funded terms, remains very Governments to partner with Australian and State governments Government and industry to This year’s QMPPR shows an increase in the value of low in the current QMPPR) and leveraging from other industry to provide funding for to have consistent plans to reduce focus on asset management and the pipeline, with the public sector committing more financing and funding models, such as those used further research into the impacts carbon emissions in the spirit of take-up of technology to improve funding to a range of projects – in turn, this is helping successfully in New South Wales and Victoria. of climate change on the built the Paris Agreement. productivity outcomes. to reduce the projected downturn in major project environment. work in 2019/20 that was forecast in last year’s report.

18 | QLDMPP.COM.AU QLDMPP.COM.AU | 19 Regional outlook – substantial disparity and $0.3b | Outback mixed fortunes

$0.8b | Cairns

RIGHT Heat map of funded major project work in Queensland's regions. $1.7b | Townsville

$2.9b | Mackay – Isaac

Note | Does not include The overall Queensland outlook multi-regional projects has improved since the previous year’s QMPPR, however, there $3.06b | Fitzroy continues to be substantial disparity between different $1b | Wide Bay regions in terms of activity size, growth and funding volatility.

Around 40% of all funded work in the pipeline is focused in south east Queensland with Greater $1.6b | Sunshine Coast Brisbane expected to see the highest levels of work. Meanwhile, more of the riskier, unfunded projects lie $7.2b | Greater Brisbane in the central, northern and western regions of the state where investment in resources, large water projects (such as dams) and electricity generation projects are $1.1b | Gold Coast more prominent, however typically unfunded. $3.5b | Ipswich, Toowoomba, and Logan $3.5b | Darling Downs – Maranoa

20 | QLDMPP.COM.AU QLDMPP.COM.AU | 21 Greater Brisbane Gold Coast Sunshine Coast Outback Townsville Wide Bay

The Greater Brisbane region has Queensland's fastest growing With strong population growth The outback region has the lowest Funded activity in the Townsville While a large proportion a strong 99% funded pipeline with population will benefit greatly and increasing tourism, the ratio of funded to unfunded region is more diverse than other (63%) of work is unfunded, major project work expected to from publicly funded transport Sunshine Coast will mostly benefit major project work with 94% of regions. Currently funded work is this year's pipeline represents an average $1.4b per annum. infrastructure over the five-year later in the pipeline from funded activity in the pipeline currently peaking in 2019/20 ($589m) before improvement in funded transport pipeline with funded major project transport projects with an average unfunded and more than 50% of a sharp fall in following years infrastructure with an average Total pipeline value | $7.3b activity averaging $212m per spend of $314m per annum. this considered unlikely. with 53% of the pipeline currently spend of $192m per annum. Percent unfunded | 1% annum. unfunded. Sector Driving Growth Total pipeline value | $1.6b Total pipeline value | $5.2b Total pipeline value | $2.6b Roads Total pipeline value | $1.8b Percent unfunded | 0% Percent unfunded | 94% Total pipeline value | $3.6b Percent unfunded | 63% Rail Percent unfunded | 42% Sector Driving Growth Sectors Driving Growth Percent unfunded | 53% Sectors Driving Growth Sector Driving Growth Roads Roads Sectors Driving Growth Water Roads Rail Renewables Water Roads Rail Airport Roads Minerals +253% Defence Harbours

+171% +168% +152%

+56% +47% +46%

+16% Darling Downs – Maranoa Fitzroy Outback QLD average

Greater Brisbane Gold Coast Sunshine Coast Ipswich Townsville Wide Bay Cairns Mackay –0.5% – Toowoomba –12% – Isaac – Logan

–71% –91%

Ipswich, Toowoomba, Darling Downs – Fitzroy Cairns Mackay – Isaac ABOVE Expected growth by region in funded Logan and Beaudesert Maranoa Fitroy's outlook goes against most Funded activity in Cairns Funded work is expected to peak major project work over the next five years regional trends – major project depends entirely on transport at $1.1b in 2020/21 supported by – compared to QMPPR 2019. The outlook has substantially This region has the most improved work is expected to continue to fall infrastructure. Diversity could be large resource and renewable improved in the final three years outlook since last year's report, over the pipeline, yet it currently introduced to the major project projects. Mackay-Isaac has the of the pipeline, almost completely with $3.4b and $2.7b in funded has the highest level of funded mix if unfunded projects in water largest unfunded major project driven by the $3.2b Inland Rail and unfunded activity respectively, work in the pipeline ($1.04b) but and renewables were to go ahead. activity of any region ($7.2b) and Project which could trigger other supported substantially in the the average per annum sits at currently has no funded projects investment, especially in logistics. latter years by the $3.2b Inland almost half that ($605m). Total pipeline value | $1.1b in 2023/24. Rail Project. Percent unfunded | 30% Total pipeline value | $5.3b Total pipeline value | $4.5b Sectors Driving Growth Total pipeline value | $10.2b Percent unfunded | 34% Total pipeline value | $6.2b Percent unfunded | 32% Roads Percent unfunded | 71% Percent unfunded | 44% Sectors Driving Growth Sector Driving Growth Rail Sector Driving Growth Roads Sector Driving Growth Defence Harbours Coal Rail Resources Roads Rail Water Rail Coal Renewables Renewables

22 | QLDMPP.COM.AU QLDMPP.COM.AU | 23 Construction outlook – productivity, capacity Productivity trends Queensland and capability Australia 2014 2015 2012 2013 2016 2017 2018 2011 2010 2003 2008

RIGHT 2000 2009 2019 1998 2002 2007 2001 2004 2006 1999 2005

Queensland construction activity Queensland construction labour 1 A possible understatement 2 The heavy usage of offshore BELOW productivity has seen minute of employment growth fabrication for construction Queensland's peak construction activity historical growth, with 2018/19 in the industry between products in the peak period reached record-high levels in was in 2013/14 and is forecast to be building again, though not necessarily to the same productivity returning to levels 2009 and 2013 due to had less intensive labour 2013/14 with $68.7b in work done heights. seen in the early 2000s. The figure a misclassification of force requirements while (driven by exceptional resources above provides a time-series of construction workers generating substantial boosts construction labour productivity as mining workers. in the Construction Gross investment), a figure yet to be since 1997/98, highlighting the Value Added (i.e. the output surpassed by any other state.12 lack of growth in the 20-year of the domestic construction time span, both nationally and in industry in Queensland, as Construction had begun to build-up from 2000/01 and Queensland. opposed to “work done”). work done underwent twelve years of consecutive growth – besides a small dip in 2009/10 – to reach the It seems likely that there has been little structural change in peak in activity. The volatile and cyclical nature of $68b | 2013/14 resources activity is a factor which continues to play construction labour productivity in the past two decades, and the a significant role in determining future construction $54b | 2024/25 outcomes for Queensland. peak in productivity during the second phase of the resources The construction peak in 2013/14 was also experienced boom can instead be attributed in Western Australia, similarly benefiting from the to two things: resources investment boom, and both resource rich states have experienced sharp declines in the years following. Queensland work completed fell by a cumulative 43.1% in 2014/15 and 2015/16, the decline driven by the sequential completion of multi-billion $19b | 1993/94 dollar LNG projects and a beyond-uninspiring thermal coal market.

24 | QLDMPP.COM.AU QLDMPP.COM.AU | 25 21% 50–200m 4%

A key risk for the major projects industry in While there are many causes of cost overruns, Queensland is that growth in work done in the including suboptimal approaches to procurement pipeline in coming years will be increasingly and managing risks, separate studies by BIS Oxford competing for skills and materials from other projects Economics for road and rail sectors indicate that – both within and outside the construction industry there remains a national shortage of key skills to – presenting capacity and capability risks to project deliver all transport megaprojects as mapped out by timings and costs. Already, major projects in other the Australian and State Governments, particularly 21% 200–500m 16% states, such as Sydney Metro and Sydney Light Rail from 2021/22 as total construction activity lifts13 14. have seen a significant overrun in costs, while many Consequently, it remains likely that projects in projects across road and rail in Victoria and New the QMPPR may be delayed, or be delivered at a South Wales have also been delayed. higher cost, than reported here. The result may be a smoother, less cyclical, pipeline (and higher delivery costs) as a consequence of market necessity rather Cost overruns represent a ‘double than via an effective industry plan. whammy’ for the construction industry 20% 500m–1b 15% – not only does it affect industry productivity, but it absorbs funds that otherwise could have been earmarked for other projects.

37% 1b+ 63%

2018/19

2023/24 A new freight future ABOVE Megaprojects are becoming more common over the next five years. for Australia.

Much of major project work Industry capacity and capability risks remain in the 7,200 jobs transport megaproject space, given the strong phase remains concentrated in of megaproject activity nationally. Overall declining for Queensland. levels of major project activity indicates industry ‘megaprojects’ over $1b has the capacity and capability to take on new work, in value posing risks to capacity although some sectors (e.g. rail) may experience constraints earlier than others. A strong upswing in and capability. resources-related activity – if it does take hold – also presents capacity and capability risks for regional Inland Rail will transform how we move goods around Australia and In 2018/19, around 21% of major project work was on Queensland. projects valued between $50-200m. By 2023/24, this generate new economic opportunities falls to just 4%, with 63% of all major project activity for our regions. based on projects worth over $1b. The falling share of $50-200m projects is a cause for concern considering Spanning 1,700km from Melbourne that these projects tend to support a large number of to Brisbane, this fast freight backbone highly competitive construction contractors which will connect all of Australia – north, form the backbone for the industry. south, east and west.

The Australian Government is Learn more about Inland Rail delivering Inland Rail through the Australian Rail Track Corporation 26 | QLDMPP.COM.AU inlandrail.com.au (ARTC),QLDMPP.COM.AU in partnership with | 27 the private sector. IR_1677 Coronavirus and pandemics Economy The 2020 World Economic Forum Global Risks For Australia, the earliest and most significant Report15 identifies a range of factors which could impacts on growth are expected to come through impact negatively on the global economy over the trade services. In 2019, almost 1.5 million Chinese coming decade. These include climate change and people visited Australia, including approximately – the risks and accelerated biodiversity loss, increasingly nationalist 165,000 students in our universities and colleges. and unilateralist geopolitics, economic inequality and This market is at risk from China's suspension of stagnation, and health systems under pressure from outbound group tours for two months, decisions rising pandemic risks. in Australia to cancel flights to and from China opportunities and tougher travel restrictions introduced by the The coronavirus (COVID-19) outbreak, which Australian Government. However, the virus epicenter originated in China in late 2019, introduces a of Wuhan is a significant manufacturing hub which significant risk to Australian and global economies. means the longer strict virus countermeasures are Given the direct impact on production and spending in place, the greater the risk to industrial production in China, BIS Oxford Economics has already revised and manufacturing – supply chain and commodity China’s economic growth in the first quarter of 2020 economies, such as Australia, are most likely to feel down by more than 2 percentage points. Even if these second-round impacts. there is a rebound in the second quarter of 2020, total growth for 2020 is now forecast to be closer to 5% for The Queensland economy is particularly exposed to 2020, compared to 6.1% in 2019. the economic risk because it is Australia’s leading economy for tourism and is a key ‘resources With the spread of COVID-19 outside of China, there state’ that exports raw commodities for Chinese is potential for a more serious and long-lasting global manufacturing. Weaker growth will likely impact impact. The sharp weakening in first quarter activity on State Government revenues (through taxes and in China is already applying pressure to the global royalties) and financial position. In this situation, economy, with fears that sharp sell-offs in financial there is a risk that public sector funded capital markets could expand into the real economy. A sharp projects – such as those included in the major projects contraction in global tourism and trade as COVID-19 pipeline – could be delayed or cancelled to preserve spreads in Asia, Europe and the Americas during the state’s financial position. the first quarter is now likely. Longer term, China’s substantial role in global supply chains will continue to impact production in countries outside of China, with Oxford Economics calling the first quarterly decline in global GDP since the global financial crisis.

The outlook contained in this Queensland is also exposed to local, national and global risks. The most obvious downside risk to 2020 Queensland State Election and report is subject to significant Queensland’s economic outlook relates to a further weakening in the global economy beyond the Early State Budget upside and downside risks. The forecasts assumed in this report. Weaker than cyclical nature of work projected expected global growth, impacting on trade and Given the importance of the public sector in driving Budget – it will be handed down on the 28 April industrial demand, has the potential to impact the major projects pipeline – whether through direct 2020 instead of in June, and before the Federal Budget could increase and be further investment and production on Queensland resources investment in transport and utilities infrastructure, in May. compounded by external factors. projects particularly, as well as affecting Queensland’s or indirectly through policies designed to stimulate exports of services such as tourism. In turn, weaker private investment – election years tend to introduce The early delivery of the Queensland State Budget Queensland’s economy should improve in coming export growth can potentially impact on state an extra element of risk to the major projects outlook. effectively compresses the timeframe for making years, although the pace and magnitude of growth government revenues from royalties and other taxes, Politicking for the 2019 Federal election resulted in strategic infrastructure decisions and project choices, is subject to several significant risks. Queensland affecting public spending. some significant infrastructure ‘wins’ for Queensland which are often made in partnership with the is blessed with natural strengths and advantages: such as funding for Warrego, Lindesay, Carnavon Australian Government. increasing connections with the faster-growing When considering Queensland's risks, it is worthwhile and Bruce Highways upgrades, major milestones economies of Asia, traditionally strong population discussing the Queensland State Election and Early for Inland Rail and over a billion dollars for projects This may give rise to a misalignment between the growth, and high-quality natural resources which State Budget, 2020 SEQ City Deal, 2032 SEQ Olympic through the Northern Australian Infrastructure Fund. State and Federal Budgets or could enable greater support mining, tourism and renewable energy Bid and the growing impact of coronavirus and transparency. industries. pandemics. The 2020 Queensland State Election, scheduled to be held on 31 October 2020, will likely have a significant The QMPPR will be updated after the delivery of the impact on the pipeline as currently unfunded projects 2020/21 State and Federal Budgets in April and May may be promised funding, and new projects may be to ensure it remains up to date with the latest project proposed. Already, the ‘election year’ is driving an and policy developments. earlier than usual delivery of the Queensland State

28 | QLDMPP.COM.AU QLDMPP.COM.AU | 29 City Deals SMARTER PARTNERSHIPS

An inked SEQ City Deal could provide a catalyst for The Townsville City Deal unlocked funding for Stage sustainable growth in infrastructure investment 2 of the Haughton Pipeline, subject to the outcomes which could have upside potential for the current of a business case assessment, as well as confirming major projects pipeline. In March 2019, a Statement funding for the Port of Townsville Channel Capacity Bielby is proud to of Intent towards an SEQ City Deal was signed in Upgrade, establishment of the Townsville Industrial support the 2020 Brisbane by the Council of SEQ Mayors (CoMSEQ), Development Board and acceleration of the State Queensland the Queensland Government, and the Australian Development Area to explore opportunities for new Government. With City Deal negotiations expected industrial development, as well as confirming funding Major Projects to last 12-18 months, it is likely that some form of for the preservation of the Townsville Eastern Access Pipeline Report. City Deal will be completed in 2020, making this Railway Corridor. the second such deal between the three tiers of government in Queensland (the first being the A SEQ City Deal could have a similar impact on Townsville City Deal struck in 2016). confirming funding for significant transport and utilities infrastructure in the region as well as As highlighted in previous QMPPRs, accelerating developments, particularly if a 2032 SEQ Olympics bid is successful. Roads | Marine | Rail | Bridges | Resources | Renewables the key benefit of a City Deal is ROADS • BRIDGES • RAIL • PIPELINES • DAMS • RENEWABLES www.bielby.com.au the collaborative platform they provide between the three levels of government and the private sector.

2032 SEQ Olympics Bid

In December 2019, the Queensland Government The south east Queensland region, representing announced it was considering a bid to host the roughly two-thirds of the state’s population, is 2032 Olympic Games. A 2032 SEQ Olympics would already expected to experience strong population Advancing analytical solutions require significant capital expenditure on upgrading growth and demand for transport services in coming to commercial problems. or rebuilding venues and enhancing transport decades. The SEQ Regional Strategic Transport Road infrastructure in the SEQ region. Map developed by CoMSEQ in conjunction with the PRECISE ANALYSIS & PRAGMATIC ADVICE Games Feasibility Study indicates that a winning bid A 2016 study on costs and cost overruns at all Olympic would require an accelerated (‘advanced’) scenario Games between 1960 and 2016 has found that the for transport projects including faster rail links average cost has been US$5.2b and the average cost between Brisbane and Gold Coast, Sunshine Coast and overrun has been 156% in real terms16. This makes Ipswich and an upgrade to the Logan Motorway to be the Olympics the highest average cost overrun of delivered prior to the Games instead of in following www.iresolve.solutions any type of megaproject. No city has run the Games decades. This is on top of committed base investment without a cost overrun since the Los Angeles Games including Cross River Rail, Brisbane Metro, and in 1984, while the 2020 Tokyo Olympics are currently Pacific Motorway and Bruce Highway upgrades. Here, expected to cost US$12.6b, up from a budget of the establishment of the National Faster Rail Agency – WE ALWAYS FIND A WAY US$7.3b17. and a commitment to a Brisbane to Gold Coast faster rail business case – in the 2019/20 Budget is a positive TO DELIVER In Queensland’s favour, hosting the step. Commonwealth Games on the Gold There is still uncertainty as to whether Queensland will bid and the timing of selection of the winning We successfully deliver Coast in 2018 has already established bid, which could occur anytime between 2021 and challenging projects for the a significant portion of direct Games 2025. On a more positive note, assuming the current energy, infrastructure and wave of rail infrastructure rolls out as planned, the resources industries with a infrastructure. completion of very large metro and other rail projects dedication to problem solving and in Melbourne and Sydney could provide a legacy of getting the job done safely and If Queensland were successful in bidding for the 2032 newly skilled labour to utilise on faster rail initiatives. efficiently. Olympics, it is expected that there would be a positive impact on the major project pipeline, business confidence and international reputation. ENGINEERING - CONSTRUCTION - COMMISSIONING

30 | QLDMPP.COM.AU QLDMPP.COM.AU | 31 Project Description Sponsor Funding Region Total Value Eng Status 19/20 20/21 21/22 22/23 23/24 Project Description Sponsor Funding Region Total Value Eng Status 19/20 20/21 21/22 22/23 23/24 source ($m) Value source ($m) Value ($m) ($m)

Bruce Highway; Caboolture to Steve Qld Government & Public Sunshine 331 250 Announced 50 75 75 50 Irwin Way - Package 1 Federal Government Coast Roads, bridges and runways Bruce Highway; Caboolture to Steve Qld Government & Public Sunshine 331 250 Announced 50 75 75 50 Irwin Way - Package 2 Federal Government Coast Kingsford Smith Drive Upgrade Brisbane City Council Public Brisbane 650 440 Under 30 30 Bruce Highway; Caloundra Road to Qld Government & Public Sunshine 813 442 Under 170 72 Inner City Construction Sunshine Motorway Federal Government Coast Construction Brisbane Metro CP Brisbane City Council Public Brisbane 944 650 Under 50 250 250 100 Bruce Highway; Deception Bay Road Qld Government & Public Moreton Bay - 150 85 Announced 20 40 25 Inner City Procurement Upgrades Federal Government North Brisbane New Parallel Runway Phase Brisbane Airport Private Brisbane - 830 380 Under 110 Bruce Highway - Maroochydore Road Qld Government & Public Sunshine 301 180 Under 50 80 50 2 North Construction Interchange Upgrade Federal Government Coast Procurement BAC Automall Brisbane Airport Private Brisbane - 89 50 Under 25 25 Bruce Highway - Ingham to Cardwell Qld Government & Public Townsville 460 345 Prospective 30 North Procurement Range Deviation Federal Government Cunningham Highway - Yamanto Qld Government Public Ipswich 330 241 Prospective 87 116 38 Bruce Highway - Goorganga Plains Qld Government & Public Mackay - 330 248 Prospective 80 Interchange to Ebenezer Creek Upgrade Federal Government Isaac Centenary Hwy Bus Lanes - Ipswich Qld Government Public Ipswich 400 240 Prospective 18 120 102 Bruce Highway - Rockhampton Federal Government Public Wide Bay 157 91 Under 31 30 Mwy to Toowong Northern Access Upgrade Stage 1 Construction Centenary Hwy Bridge Duplication Qld Government Public Ipswich 150 100 Credibly 50 50 Bruce Highway - Managed Motorways QLD Government / Public Moreton Bay - 105 53 Announced 26 27 Proposed Program - Gateway Motorway to Federal Government North Jabiru Island Bridges (Hope Island Qld Government Public Gold Coast 136 102 Unlikely 10 20 42 30 Caboolture Road (Oxley Drive) road duplication Bruce Highway - Townsville Northern QLD Government / Public Townsville 72 54 Announced 34 20 - stage 4) Access Intersections Upgrade Federal Government Ipswich Motorway; Rocklea to Darra Qld Government & Public Ipswich 400 240 Under 65 25 Bruce Highway - Sarina to Cairns - Qld Government & Public Townsville 514 298 Under 100 103 60 Stage 1 - Oxley Road to Granard Road Federal Government Construction Haughton River & Pink Lily Lagoon Federal Government Construction Ipswich Motorway; Rocklea to Darra Qld Government Public Ipswich 520 390 Prospective 30 150 150 60 Upgrade Stage 2 - Oxley to Darra Bruce Highway - Sarina to Cairns - Qld Government & Public Mackay - 497 215 Under 45 20 Coomera Connector Stage 1- Qld Government & Public Gold Coast 500 300 Prospective 50 Mackay Ring Road / Bypass - Stage 1 Federal Government Isaac Construction Coomera to Nerang Federal Government Bruce Highway - Sarina to Cairns - Federal Government Public Mackay - 111 80 Under 19 25 28 Pacific Motorway; M1 North: Eight Qld Government & Public Logan - 397 264 Under 44 88 88 44 Mackay Northern Access Upgrade Isaac Construction Mile Plains to Daisy Hill: Watland St to Federal Government Beaudesert Procurement Bruce Highway - Sarina to Cairns - Federal Government Public Townsville 103 77 Announced 19 38 20 Sports Dve Saltwater Creek Upgrade Pacific Motorway; M1 North: Eight Qld Government & Public Brisbane - 88 44 Under 22 22 Bruce Highway - Sarina to Cairns - Federal Government Public Wide Bay 107 80 Announced 40 40 Mile Plains to Daisy Hill: Sports Dve to Federal Government South Procurement Tiaro Flood Immunity Upgrade Gateway M’Way Bruce Highway - Sarina to Cairns - Federal Government Public Cairns 481 300 Under 20 90 110 80 Pacific Motorway; M1 North: Eight Mile Qld Government & Public Brisbane - 88 62 Announced 22 40 Cairns Southern Access Corridor Construction Plains to Daisy Hill: Loganlea Rd to Federal Government South Stage 3 - Edmonton to Gordonvale Paradise Rd Bruce Highway - Sarina to Cairns - Federal Government Public Cairns 104 65 Under 30 20 Pacific Motorway; M1 North: Eight Mile Qld Government & Public Brisbane - 88 62 Announced 22 40 Cairns Southern Access Corridor Construction Plains to Daisy Hill: Paradise Rd to Federal Government South Stage 4 - Kate Street to Aumuller Watland St Street Pacific Motorway; M1 North: Eight Mile Qld Government & Public Brisbane - 88 62 Announced 22 Bruce Highway - Sarina to Cairns - QLD Government Public Cairns 225 162 Announced 20 Plains to Daisy Hill: Rochedale Park Federal Government South Cairns Southern Access Corridor and Ride Stage 5 - Foster Road intersection Pacific Motorway; M1 South: Qld Government & Public Gold Coast 198 154 Under 58 28 Cooroy to Curra : (Section D) - Qld Government & Public Wide Bay 550 422 Under 50 100 100 100 Mudgeeraba to Varsity Lakes Federal Government Construction Southern D1 Federal Government Procurement Capacity Upgrade Cooroy to Curra : (Section D) - Qld Government & Public Wide Bay 450 326 Under 20 100 100 80 Pacific Motorway; M1 South: Varsity Qld Government & Public Gold Coast 250 140 Under 40 50 50 Northern D2 Federal Government Procurement Lakes - Tugun: Varsity Lakes - Burleigh Federal Government Procurement Townsville Ringroad stage 5 Qld Government & Public Townsville 180 90 Under 45 45 Pacific Motorway; M1 South: Varsity Qld Government / Public Gold Coast 250 160 Under 40 60 60 Federal Government Procurement Lakes - Tugun: Burleigh to Palm Beach Federal Government Procurement Peak Downs Hwy Improvements - Qld Government & Public Mackay - 189 120 Under 15 Pacific Motorway; M1 South: Varsity Qld Government / Public Gold Coast 250 175 Under 40 70 65 Eton Range Federal Government Isaac Construction Lakes - Tugun: Palm Beach to Tugun Federal Government Procurement Peak Downs Highway - Walkerston Qld Government & Public Mackay - 150 76 Announced 38 38 Pacific Motoway: Exit 41 QLD Government / Public Brisbane - 75 50 Under 25 25 Bypass Federal Government Isaac Federal Government South Procurement Smithfield Bypass Qld Government & Public Cairns 152 106 Under 50 31 Pacific Motorway: Exit 49 QLD Government / Public Brisbane - 75 50 Under 25 25 Federal Government Construction Federal Government South Procurement Neville Bonner Bridge Destination Brisbane Private Brisbane 110 70 Under 35 35 Pacific Motorway; Miles Platting Road Qld Government & Public Logan - 196 160 Under 60 15 Inner City Construction to Rochedale Road (Gateway Merge) Federal Government Beaudesert Construction Cairns Ring Road QLD Government / Public Cairns 359 251 Announced 31 90 Sunshine Coast Airport - New East- Queensland Airports Public Sunshine 297 240 Under 150 40 Federal Government West Runway Limited Coast Construction Gladstone Port Access Road QLD Government / Public Outback - 125 88 Announced 33 55 Mooloolah River Interchange Qld Government Public Wide Bay 430 250 Credibly 50 150 Extension Federal Government North Proposed Gympie Arterial Road Interchange QLD Government / Public Wide Bay 65 51 Credibly 9 22 20 Rockhampton Ring Road Qld Government & Public Fitzroy 1000 750 Announced 50 200 200 Upgrade Federal Government Proposed Federal Government Kianawah Road, Lindum Rail Crossing Brisbane City Council Public Brisbane - 85 60 Announced 26 34 Capricorn Highway (Rockhampton to Qld Government & Public Fitzroy 75 60 Under 35 25 Upgrade / QLD Government / East Gracemere) Federal Government Construction Federal Government

32 | QLDMPP.COM.AU QLDMPP.COM.AU | 33 Project Description Sponsor Funding Region Total Value Eng Status 19/20 20/21 21/22 22/23 23/24 Project Description Sponsor Funding Region Total Value Eng Status 19/20 20/21 21/22 22/23 23/24 source ($m) Value source ($m) Value ($m) ($m)

Gateway Motorway Stage 3: Bracken QLD Government / Public Brisbane - 1000 781 Announced 49 Ridge to Pine River Federal Government North Rail Lytton Road - Wynnum Road Corridor Brisbane City Council Public Brisbane - 98 51 Completed 6 Upgrade Stage 1a - Latrobe Street to East Beerburrum to Nambour Rail Upgrade Qld Government & Public Sunshine 740 440 Announced 25 50 170 195 Canning Bridge Federal Government Coast Mt Isa to Rockhampton Corridor QLD Government / Public Outback - 318 238 Announced 27 60 Varsity Lakes to Elanora Extension Qld Government / QR Public Gold Coast 859 470 Prospective 130 180 Upgrade (incl. Yeppoon Road Federal Government North Duplication) CRR; Tunnel, Stations and Qld Government Public Brisbane 3700 3400 Under 40 400 1700 700 560 Development (TSD) PPP Inner City Construction Sumners Road interchange QLD Government Public Brisbane - 80 56 Under 14 20 22 West Construction CRR; Rail, Integration and Systems Qld Government Public Brisbane 900 900 Under 15 85 350 250 200 package (RIS) Inner City Construction Telegraph Road - Telegraph Road Brisbane City Council / Public Brisbane - 124 93 Under 6 Corridor Stage 2 Federal Government North Construction CRR; European Train Control System Qld Government Public Brisbane 634 600 Under 189 200 155 28 27 Level 2 Inner City Construction Townsville to Roma Corridor Upgrade QLD Government / Public Townsville 125 94 Announced 13 Federal Government Three new stations (Pimpama, Qld Government Public Brisbane 120 80 Announced 20 20 20 20 Helensvale North and Worongary- Inner City Underground Busway interchange at QLD Government Public Brisbane 250 160 Announced 65 70 25 Merrimac) Roma Street Station Inner City North Coast Line Capacity (Brisbane Qld Government Public Cairns 116 70 Under 36 34 Warrego Highway - Dalby to Miles - QLD Government / Public Toowoomba 64 54 Under 28 14 to Cairns) Procurement Widening Federal Government Construction Inland Mainline Freight Upgrade; ARTC Public Darling 1600 1350 Announced 200 500 500 Warrego Highway upgrades between QLD Government / Public Toowoomba 400 272 Announced 52 70 75 NSW/QLD Border to Gowrie Downs - Ipswich and Toowoomba Federal Government Maranoa Toowoomba to Ipswich Corridor QLD Government / Public Ipswich 75 56 Announced 3 5 5 7 Inland Mainline Freight Upgrade; ARTC Public Ipswich 3500 3000 Announced 350 900 900 Upgrade Federal Government Gowrie to Kagaru Lindum Level Crossing Removal QLD Government / Public Brisbane - 100 50 Prospective 10 20 Inland Mainline Freight Upgrade; ARTC Public Logan - 136 107 Announced 90 Federal Government East Kagaru to Acacia Ridge & Bromelton Beaudesert Beams Rd Level Crossing Removal QLD Government Public Brisbane - 100 50 Credibly 10 North Galilee Basin Rail Adani Private Mackay - 1000 900 Under 175 300 300 125 North Proposed Isaac Construction Coopers Plains Level Crossing QLD Government Public Brisbane - 100 50 Credibly 10 Ipswich to Springfield QLD Government Public Ipswich 1500 1050 Credibly 250 Removal South Proposed Proposed Chinaman Creek to Black Swamp Qld Government / Public Cairns 107 70 Announced 35 35 Moura - Aldoga Link Project (Wiggins) QR National Public Outback - 500 325 Unlikely 135 140 Creek Federal Government North Wiggins Island coal rail infrastructure Aurizon Private Outback - 450 315 Unlikely 100 stage 3 North Gold Coast Light Rail Stage 3a - Qld Government & Public Gold Coast 709 500 Announced 200 200 100 Broadbeach to Burliegh Federal Government Loganlea Station Relocation Qld Government & Public Logan - 95 63 Announced 32 32 Federal Government Beaudesert Mt Isa to Townsville Queensland Rail Public Outback - 380 320 Credibly 40 80 80 80 North Proposed Harbours/ports

Port of Cairns - Cruise Terminal Far North Queensland Public Cairns 127 86 Completed 71 Expansion - Trinity Inlet Dredging Ports Corporation Ltd (trading as Ports North) Brisbane International Cruise Port of Brisbane Private Brisbane - 150 120 Under 90 Terminal (including dredging) North Construction Port of Gladstone - Second Shipping Gladstone Ports Public Fitzroy 280 196 Prospective 35 100 61 Lane (Gatcombe and Golding Cutting Corporation Channel Duplication Project) Townsville Port Expansion Project Qld Government Public Townsville 200 150 Prospective 75 75 - Outer Harbour Expansion (berths 14+15) Townsville Port Expansion Project - Qld Government Public Townsville 193 150 Under 75 75 Channel Capacity Upgrade Construction Port of Gladstone - RG Tanner Coal Qld Government Public Fitzroy 225 200 Announced 80 60 Terminal Urangan Boat Harbour Watpac / Seymour Private Wide Bay 800 200 Unlikely 90 100 Abbot point Dredging QLD Government Public Mackay - 600 240 Credibly 80 80 Isaac Proposed Hay Point Berth 2 Upgrade BMA Private Mackay - 200 150 Prospective 75 75 Isaac BP Wharf Repurposing Port of Brisbane Public Brisbane - 100 80 Unlikely 40 East

34 | QLDMPP.COM.AU QLDMPP.COM.AU | 35 Project Description Sponsor Funding Region Total Value Eng Status 19/20 20/21 21/22 22/23 23/24 Project Description Sponsor Funding Region Total Value Eng Status 19/20 20/21 21/22 22/23 23/24 source ($m) Value source ($m) Value ($m) ($m) Defence Sewerage

RAAF Amberley - Growler Project Federal Government Public Ipswich 180 150 Under 60 30 Luggage Point Sewerage Scheme Queensland Urban Public Brisbane - 600 500 Under 25 25 25 25 25 Construction Utilities (QUU) North Construction RAAF Amberley - C17 project Federal Government Public Ipswich 200 120 Completed 20 Northern treatment Urban Utilities Public Brisbane 220 175 Under 40 63 37 23 Inner City Construction Shoalwater Bay - Remediation Federal Government Public Fitzroy 140 120 Under 20 50 50 Construction Southern treatment Ipswich Urban Utilities Public Ipswich 170 136 Under 26 15 40 53 Construction Singapore Force Posture Initiatives - Federal Government Public Fitzroy 1100 400 Announced 100 100 100 100 Shoalwater Bay Norman Sewer Augmentation - Urban Utilities Public Brisbane 122 92 Announced 2 Brisbane Inner City Singapore Force Posture Initiatives - Federal Government Public Townsville 1100 100 Announced 25 25 25 25 Townsville North Kedron Brook Sewer Urban Utilities Public Brisbane - 85 64 Announced 2 3 18 Augmentation North EST02202 Other Sites and Federal Government Public Multi 326 279 Credibly 93 93 93 Redevelopment - Upgrade and Proposed Eagle Farm Rising Main Upgrade Urban Utilities Public Brisbane - 75 56 Announced remediation Works to 9 sites North S1 & S18 Main Sewer Rehabilitation - Urban Utilities Public Brisbane 71 53 Under 8 7 5 Brisbane Inner City Construction Water S2 & Corinda Chelmer Sewer Urban Utilities Public Brisbane - 69 52 Announced 1 2.0 Augmentation West Lower Fitzroy River Infrastructure QLD Government Public Fitzroy 352 195 Under 35 65 95 Cedar Grove Wastewater Treatment Local Councils / Qld Public Logan - 150 127 Under 47 15 15 10 Project - Rookwood Weir Procurement and conveyance Scheme - Stage 1 Government Beaudesert Construction Three Rivers Irrigation Project Stanbroke Private Outback - 250 120 Credibly 60 60 North Proposed Wyaralong Dam WTP Stage 1 SEQ Water Public Logan - 200 150 Unlikely 50 50 50 Beaudesert Somerset Dam Upgrade SEQWater Public Ipswich 600 450 Credibly 150 150 Proposed Lake McDonald Dam Upgrade SEQWater Public Wide Bay 100 80 Announced 60 20 Wivenhoe to Warwick Pipeline SEQWater Public Toowoomba 100 90 Credibly 45 45 Proposed Haughton Pipeline Duplication - Stage Townsville Council Public Townsville 225 150 Completed 50 1 Urannah Dam Bowen Collinsville Public Mackay - 250 200 Prospective 100 100 Enterprises Isaac Burdekin Falls Dam - Saddle Dam and Sunwater Public Townsville 330 210 Announced 57 74 54 Monolith Improvement Gorge Weir to Byerwen Coal Project Sunwater for QCoal Private Townsville 240 180 Under 105 38 Pipeline project (110km) Construction Hells Gate Dam - Upper Burdekin Townsville Enterprise Public Townsville 313 250 Prospective 100 100 50 Paradise Dam Essential Works Sunwater Public Wide Bay 200 145 Credibly 40 88 16 Proposed Galilee Basin Water Supply Adani Private Mackay - 80 60 Announced 30 30 Isaac Beaudesert Water Supply Zone QLD Government Public Logan - 160 120 Under 60 30 Projects Stage 1 and 2 Beaudesert Construction Borumba Dam Stage 3 Sunwater Private Wide Bay 250 185 Prospective 110 75 Emu Swamp Dam QLD Government Public Darling 84 67 Announced 10 40 17 Downs - Maranoa Haughton Channel Capacity Upgrade QLD Government Public Townsville 90 70 Prospective 20 50 Haughton Pipeline Duplication - Stage QLD Government Public Townsville 195 130 Announced 55 75 2 Paradise Dam Primary Spillway Sunwater Private Wide Bay 877 658 Credibly 12 11 37 193 210 Improvement Project (DIP) Proposed Roma East Project - Water Pipeline Santos Private Darling 150 113 Under 45 23 Downs - Construction Maranoa Gold Coast Desal Plant Upgrade QLD Government Public Gold Coast 350 300 Prospective 50 150 100

36 | QLDMPP.COM.AU QLDMPP.COM.AU | 37 Project Description Sponsor Funding Region Total Value Eng Status 19/20 20/21 21/22 22/23 23/24 Project Description Sponsor Funding Region Total Value Eng Status 19/20 20/21 21/22 22/23 23/24 source ($m) Value source ($m) Value ($m) ($m) Electricity Pipelines

North Queensland Power Station Private / Qld Gov / Feds Private Townsville 800 600 Unlikely 100 250 250 Roma East Gas Project (pipeline Santos Private Darling 150 113 Under 45 23 component) Downs - Construction 295 Wandoan South Solar Project Equis Energy Private Fitzroy 1200 420 Completed Maranoa (1000MW) Arrow Bowen Pipeline Shell/Arrow/Bow Private Mackay - 450 360 Unlikely 160 200 375 150 Bulli Creek Solar Farm (>1000 MW) Solar Choice Private Darling 1500 525 Under Isaac Downs - Construction Maranoa TELECOMMUNICATIONS QNI Queensland Component Public Multi 76 46 Under 23 23 National Broadband Network - Qld NBN Co. Public Multi 6928 4850 Under 498 61 67 45 56 Procurement component Construction Clarke Creek Wind (800MW) - Energy Pacific Vic Pty Private Mackay - 1500 525 Under 75 150 150 150 Public Safety Regional Radio Qld Government Public Multi 500 300 Under 75 75 75 including 400MW Solar & Battery Ltd Isaac Construction Communication Construction System OIL & GAS Raglan Solar (350MW) Eco Energy Group Private Fitzroy 310 109 Announced 54 55 Queensland Curtis LNG Upstream QGC & Shell Private Fitzroy 0 Under 150 150 150 150 Columboolan Solar farm (Miles) Luminous Energy Private Fitzroy 300 105 Under 52 53 Field Development (Sustaining) Construction (310MW) Procurement Gladstone LNG Upstream Field Santos & Petronas Private Fitzroy 650 Under 100 100 100 100 Bouldercombe Solar Farm (200MW) Eco Energy Group Private Fitzroy 240 84 Prospective 42 42 Development (Sustaining) Construction Kidston Solar Project - Stage 2 (270 Genex Power Private Far North 400 140 Prospective 70 70 Western Surat Gas Project Senex Private Darling 1500 1200 Credibly 30 60 60 60 60 MW) Downs - Proposed Maranoa 150MW Kidston Stage 3 Wind Project Genex Private Far North 250 88 Prospective 15 60 13 Arcadia Gas Project Santos Private Darling 400 200 Under 100 100 100 Kidston Transmission Project Genex/Powerlink Public Far North 200 100 Prospective Downs - Construction Munna Creek Solar Farm project (120 Renewable Energy Private Wide Bay 150 53 Completed 27 Maranoa System Technologies MW) GLNG Roma East project Santos & Petronas Private Darling 750 375 Under 70 35 35 35 Kidston Pumped Hydro Storage Genex Power Private Far North 330 200 Prospective 100 100 Downs - Construction Project Maranoa Warwick Solar Farm (64MW) University of Public Darling 125 44 Under 21.875 Australia Pacific LNG Upstream Field Origin/Conoco Phillips Private Darling 275 Under 150 150 150 150 Queensland Downs - Constrution Development (Sustaining) Downs - Construction Maranoa Maranoa Childers Solar Farm (80 MW) ESCO Pacific Private Wide Bay 125 44 Completed 20 Arrow - Upstream Field Development Arrow/Shell Private Darling 650 Prospective 150 150 150 150 (Sustaining) Downs - Stanwell Power Station Works Qld Government Public Fitzroy 131 100 Completed 60 Maranoa Rollingstone Solar Farm (110 MW) ESCO Pacific Private Townsville 210 74 Announced 40 34 Atlas Gas Processing Plant and Jemena Private Fitzroy 140 84 Completed 30 Rodds Bay Solar (300MW) Renew Estate Private Fitzroy 400 140 Completed 63 Pipeline 80 80 Haughton Solar Farm 100MW Pacific Hydro Private Townsville 200 70 Completed Australia Pacific LNG Salt Handling Origin/ConocoPhillips Private Outback - 200 160 Unlikely Facility North Armamara Solar Farm (140 MW) Eco Energy World Private Wide Bay 280 98 Credibly 48 50 75 75 (EEW) Australia Proposed Curtis LNG Project (Salt QGC & BG Group Private Outback - 200 150 Unlikely Concentrator) North Powering North Queensland: Powerlink Public Cairns 150 128 Credibly 50 50 28 200 100 Transmission Line Proposed Goog-a-binge Shell/BCG Private Darling 500 400 Under Downs - Construction Burdekin Falls - hydro-electric power Stanwell Public Townsville 200 120 Prospective 60 60 Maranoa station (50MW) Ironbark Gas Facility (Domestic Origin Private Darling 300 240 Unlikely 140 100 SunCoast Powerline Project - Qld Government Public Sunshine 89 69 Completed 16 Supply) Downs - Palmwoods to Maroochydore Coast Maranoa Lockyer Valley gas Power Station Quin Brook Private Toowoomba 100 80 Under 50 30 Project Ruby (CSG) Shell/BCG Private Darling 322 258 Completed Construction Downs - Maranoa Galilee Basin Transmission Project Adani Private Mackay - 100 80 Announced 20 40 20 Isaac Surat Gas Expansion Projects Arrow Energy Private Darling 1800 1500 Credibly 300 300 300 300 Downs - Proposed QLD Government Public Outback - 400 120 Under 50 70 Aldoga Solar Farm 250MW Maranoa North Procurement Copperstring Transmission Line Private Outback - 1800 1500 Credibly 500 500 500 North Proposed Wandoan Battery Vena Energy Private Wide Bay 120 42 Under 10 32 Construction

38 | QLDMPP.COM.AU QLDMPP.COM.AU | 39 Project Description Sponsor Funding Region Total Value Eng Status 19/20 20/21 21/22 22/23 23/24 Project Description Sponsor Funding Region Total Value Eng Status 19/20 20/21 21/22 22/23 23/24 source ($m) Value source ($m) Value ($m) ($m) Coal Other minerals

Eagle Downs Coking Coal South 32 Private Mackay - 1250 600 Prospective 158 228 215 Mt Elliot Chinova Private Outback - 95 48 Unlikely 48 Isaac North Byerwen Coal Project - Sedgman Qcoal Private Mackay - 200 155 Completed 55 Merlin Molybdenum-Rhenium Phase 2 Chinova Private Outback - 345 250 Unlikely 150 100 Contract Isaac North Maryborough (Colton) Northern Energy Private Wide Bay 300 180 Prospective 66 114 Cannington Expansion BHP Billiton Private Outback - 400 120 Credibly 30 60 30 (Owned By New Hope) North Proposed New Acland Stage 3 Expansion New Hope Corporation Private Darling 350 210 Prospective 60 90 60 Cloncurry Copper Project (Roseby Altona Resources Private Outback - 320 96 Prospective 50 46 Downs - Copper/Little Eva/Eva) North Maranoa Red Dome Mungana Mungana gold mines Private Cairns 330 215 Credibly 65 85 65 Peak Downs Expansion BHP Billiton / Mitsubishi Private Mackay - 460 345 Prospective 80 160 105 Proposed Alliance (BMA) Isaac Ravenswood Extension Project Resolute Mining Private Townsville 167 92 Unlikely 38 54 South Walker Creek BHP / Mitsui Private Mackay - 150 100 Under 24 40 36 35 80 20 Isaac Procurement Charters Towers Citigold Corporation Private Townsville 246 135 Prospective Metallica Minerals Private Townsville 974 304 Credibly 80 140 84 Grosvenor Underground Stage 2 Anglo Coal Private Mackay - 500 350 Credibly 70 105 105 70 SCONI Scandium Project (Phase 1) Isaac Proposed Proposed Centrex Metals Private Outback - 120 100 Completed 20 Styx’s Coal project Waratah Coal / Private Fitzroy 300 270 Credibly 50 220 Ardmore Project -Phosphate Project Queensland Nickel Proposed North P205 Resources Private Outback - 100 80 Unlikely 40 40 Middlemount coking coal mine stage Peabody / Yancoal Private Mackay - 325 284 Prospective 100 184 Highland Plains -Phosphate Project North 2 Isaac Novonix Private Outback - 100 80 Unlikely 40 40 Hail Creek Extension - Underground Glencore Private Mackay - 1100 660 Unlikely 150 180 180 Mt Dromerdary - Graphite Project Isaac North North Queensland Bio Private Townsville 640 200 Under 75 75 50 Rolleston expansion Xstrata/Glencore Private Fitzroy 400 280 Prospective 70 140 70 North Queensland Bio Energy - Ethanol Plant Energy Construction Aquila Anglo Coal Private Mackay - 200 140 Unlikely 70 70 200 200 200 Isaac Gladstone Energy and Ammonia Australian Future Private Fitzroy 1000 600 Credibly Project Energy Proposed Foxleigh Plains Project Anglo/CAML/Nippon Private Mackay - 200 140 Unlikely 70 70 100 50 Isaac Sun Metals Zinc Refinery Stage 2 Sun Metals Private Townsville 300 200 Under Construction Eaglefield Coal Mine Expansion Peabody Private Mackay - 1500 1200 Unlikely 250 150 Isaac Agripower Amorphous Silica - Agripower Australia Ltd Private Townsville 663 500 Prospective Fertiliser Processing Plant Monto Coal Mine Further Stages Peabody / China Private Wide Bay 265 159 Unlikely 60 99 Huaneng Group Drake Coal Qcoal Private Mackay - 350 280 Unlikely 130 Isaac Olive Downs Pembroke Resources Private Mackay - 1000 600 Credibly 200 200 200 Isaac Proposed Wilkie Creek NewBlack Energy Private Darling 250 200 Prospective 50 100 50 Downs - Maranoa Carmichael Coal Mine Project (Stage Adani Private Mackay - 1150 978 Announced 250 458 270 1) Isaac Baralaba South Open Cut Cockatoo Coal (62.5%), Private Outback - 200 160 Credibly 80 80 JFE Shoji Trade North Proposed Corporation (37.5%) Cameby Downs Expansion Yancoal Private Darling 250 225 Announced 75 100 50 Downs - Maranoa Millennium Expansion Peabody Private Mackay - 400 320 Credibly 40 50 10 Isaac Proposed Minyango Coal Project Stage 1 Bounty Mining Private Outback - 750 600 Credibly 120 240 240 North Proposed Oaky Creek Longwall Stage 2 Glencore Xstrata, Private Outback - 650 455 Unlikely 120 200 55 Sumisho, Itochu, ICRA North Saraji East BHP Billiton and Private Mackay - 2400 1800 Credibly 360 990 450 Mitsubishi Alliance Isaac Proposed (BMA) Winchester South Whitehaven Coal Private Mackay - 1000 900 Prospective 100 400 300 Isaac Moranbah North Anglo Private Mackay - 500 400 Credibly 100 150 Isaac Proposed

40 | QLDMPP.COM.AU QLDMPP.COM.AU | 41 Visit | holcim.com.au

Lincoln Heitman National Manager Holcim Major Projects 0457 599 165 [email protected](07) 3291 5600 www.fultonhogan.com (07) 3291 5600 www.fultonhogan.com

Endnotes

1 Climate Council of Australia (2019) Welcome to Queensland: Renewable one day, and 8 Rodgers, L. (2018) “Climate change: The massive CO2 emitter you may not know the next, and next, Will Steffen, Hilary Bambrick, Karen Hussey, Joelle Gergis, Greg about”, BBC News, 17th December 2018. Accessed at: https://www.bbc.com/news/ Bourne, Louis Brailsford and Annika Dean science-environment-46455844 2 Intergovernmental Panel on Climate Change (2014) Climate Change 2014 Synthesis 9 Nogrady, B. (2016) “Concrete products reabsorb nearly half CO2 released in cement Report: Summary for Policymakers, Fifth Assessment Report (AR5) manufacture”, ABC News, 22nd November 2016. Accessed at: https://www.abc.net.au/ 3 Deloitte (2017) Building Resilience to Natural Disasters in our States and Territories. news/science/2016-11-22/concrete-is-a-carbon-sink/8043174 Accessed at: http:// australianbusinessroundtable.com.au/assets/documents/ ABR_ 10 Australian Bureau of Statistics (2019) Estimates of Multifactor Productivity 2018-19, building-resilience-in-our-states-and-territories.pdf Cat. No. 5260.0.55.002 4 Intergovernmental Panel on Climate Change (2018): Summary for Policymakers. In: 11 Queensland Hydrogen Industry Strategy 2019-2024 (May 2019), State of Queensland, Global Warming of 1.5°C. An IPCC Special Report on the impacts of global warming Department of State Development, Manufacturing, Infrastructure and Planning. of 1.5°C above pre-industrial levels and related global greenhouse gas emission 12 Australian Bureau of Statistics (2019) Construction Work Done, Australia, Preliminary, pathways, in the context of strengthening the global response to the threat of climate Cat. No. 8755.0 change, sustainable development, and efforts to eradicate poverty [Masson-Delmotte, V., P. Zhai, H.-O. Pörtner, D. Roberts, J. Skea, P.R. Shukla, A. Pirani, W. Moufouma- 13 BIS Oxford Economics (2017b) Australia and New Zealand Roads Capability Analysis Okia, C. Péan, R. Pidcock, S. Connors, J.B.R. Matthews, Y. Chen, X. Zhou, M.I. Gomis, E. 2017-2027, expert report prepared for Austroads. Accessed at: https://austroads.com. Lonnoy, T. Maycock, M. Tignor, and T. Waterfield (eds.)] au/publications/agency-management/ap-r574-18/media/AP-R574-18_Australia_and_ New_Zealand_Roads_Capability_Analysis_2017-2027.pdf 5 Environment and Communications References Committee (2018) Current and future impacts of climate change on housing, buildings and infrastructure, Senate Printing 14 BIS Oxford Economics (2018) Skills Crisis: A Call to Action, expert report prepared for Unit, Commonwealth Government, Canberra the Australasian Railways Association. Accessed at: https://ara.net.au/sites/default/ files/u647/18-11-26%20BOE%20Report%20Final.pdf 6 Blau, A. (2019) “What Australians really think about climate action”, ABC News Story Lab, 5th February 2020. Accessed at: https://www.abc.net.au/news/2020-02-05/ 15 World Economic Forum (2020) Global Risks Report 2020. Accessed at: http://www3. australia-attitudes-climate-change-action-morrison-government/11878510 weforum.org/docs/WEF_Global_Risk_Report_2020.pdf 7 Yu, M., Wiedmann, T., Crawford R. and C. Tait (2016) “The Carbon Footprint 16 Flyvbjerg, B., Stewart, A. and A. Budzier (2016) “The Oxford Olympics Study 2016: of Australia’s Construction Sector”, Procedia Engineering, International High- Cost and Cost Overrun at the Games”, Said Business School Research Paper 2016-20, Performance Built Environment Conference – A Sustainable Built Environment University of Oxford. Conference 2016 Series 17 Wharton, D. (2019) “2020 Tokyo Olympics could cost Japan more than $26 billion’, Los Angeles Times, 20th December 2019. Accessed at: https://www.latimes.com/sports/ olympics/story/2019-12-20/2020-tokyo-olympics-could-cost-japan-more-than-26-billion

Thirsty for more detail? See the full report qldmpp.com.au

online. The online report is updated at key points throughout the year and now includes an interactive project list.

42 | QLDMPP.COM.AU QLDMPP.COM.AU | iii A joint initiative QMCA IAQ

What is this graphic? This is a visual representation of fluctuations in Queensland's annual mean temperature anomalies between 1910 and 2019. Data is sourced from Bureau of Meteorology average below 0.51° and Berkeley Earth. 1910 |

View the full report qldmpp.com.auiv | QLDMPP.COM.AU