The Council of Mayors (SEQ) has been lobbying the Queensland Government to investigate an alternative funding model to deliver the infrastructure needed to service South East Queensland’s (SEQ) growing population.
In response to the Queensland Government’s Delivering an Infrastructure Plan for Queensland directions paper, the SEQ Mayors urged the State to further investigate the ‘UK City Deals’ approach to fund public infrastructure.
A review of how this approach might work successfully in Queensland has already been the subject of a report jointly commissioned by the Council of Mayors (SEQ), Property Council of Australia (QLD) and the former Department of State Development, Infrastructure and Planning.
Specifically, the Council of Mayors (SEQ) has urged the State Government to support our Economic Growth Partnership Model or “Earn Back Funding” alternative. This alternative was also pursued in a submission to the Infrastructure Australia – Infrastructure Audit Report in August 2015.
The Earn Back Funding model calls for the creation of a Growth Infrastructure Fund and a prioritised list of Infrastructure Projects. Funds would be leveraged off council books and underwritten by the State Government.
The Council of Mayors (SEQ) has committed funds to continue the investigation and development of this model and we continue to lobby the State and Federal Government.