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QUEENSLAND’S anaemic economy — limp with the worst unemployment rate in the country – will receive a $2 billion injection to fast-track construction jobs in a deal done between the Morrison and Palaszczuk governments.
Scott Morrison will reveal the biggest share of infrastructure acceleration will be for Queensland, in a bid to get more shovels in the ground and more hard hats on workers.
Under the deal, which marks signs of better co-operation between the Commonwealth and the state, Mr Morrison will stump up $1.3 billion – $650 million in funding that is brought forward plus $680 million in new funding.
With the Prime Minister today, Premier Annastacia Palaszczuk will unleash several hundred million dollars so work can be brought forward this on a number of projects, including the Bruce Highway.
Initially funding from the Commonwealth was allocated beyond the four-year forward estimates.
There will also be almost $95 million for M1 Pacific Motorway upgrades to be brought forward next year.
In another milestone, it can be revealed the Federal and State governments will sign a bilateral agreement for the inland rail project, which has already been ticked off between the Commonwealth, NSW and Victoria.
It will spark 7200 construction jobs and boost the Queensland economy by $7 billion.
Mr Morrison, who will give a landmark speech on Wednesday night in Sydney to the Business Council of Australia, will rev-up the national economy will almost $4 billion in accelerated infrastructure projects to stimulate jobs and activate consumer confidence.
This article first appeared on www.couriermail.com.au
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