Queensland touts investment lead

QUEENSLAND is leading its east coast cousins Victoria and New South Wales and Victoria in the latest Deloitte Access Economics Investment Monitor.

Noel Dyson

This is thanks in part to the value of Anglo Coal’s Grosvenor coking coal project rising from $1.68 billion to $1.95 billion and several projects, including the $500 million Surat to Gladstone pipeline, moving to the under construction phase.

Those helped increase the total value of listed projects in the state.

Queensland Treasurer Curtis Pitt said the DAE Investment Monitor for the June quarter reflected the March quarter report where the value of current and planned major projects in Queensland outstripped those in NSW and Victoria.

“It outlines almost $183.5 billion in planned or committed public and private sector projects in our state – ahead of NSW with $129.5 billion and $78 billion in Victoria,” he said.

However, it the west where the investment sun really shines.

“WA has stayed at the head of all states and territories since the previous quarterly report,” Pitt said.

He said the value of Queensland projects in the report had risen $15.5 billion since the March report.