Bulging project pipeline for Toowoomba region

A new report detailing the project pipeline in the Toowoomba region lays out $18.7 billion of investment in development projects - a $5.7 billion rise on the status 18 months ago. Toowoomba and Surat Basin Enterprise (TSBE) chief executive officer Ali Davenport said the Toowoomba Development Status Report provided a critical insight into the region’s developments and helped attract investment to enhance the area's robust economy. “The combination of Inland Rail, the booming agricultural sector, the growing health industry, the sheer number of jobs in resources and renewable projects along with our strength in education and manufacturing shows that investment in this region is booming,” she said. “The projects outlined in this report tell an exciting story about Toowoomba’s prosperous future but we know that this pipeline is also reliant of Federal and State Government investment in our region.” The 2022 report only lists developments valued at more than $1 million. It covers:• Projects underway - $4.3 billion• Projects approved and awaiting commencement - $10.2 billion• Projects proposed - $4.3 billion Renewable energy continues to contribute to the large pipeline of projects, such as the $2 billion MacIntyre Wind Farm, the proposed Big T pumped hydro project ($980 million) and the Bulli Creek Solar Farm ($1 billion). Other significant projects currently underway include Asterion’s medicinal cannabis facility ($450 million), Interlink SQ at Charlton ($235 million) and the upgrade of Cooby Dam, Cressbrook Dam Spillway ($138 million). The report also highlights the benefits of the proposed Toowoomba Hospital Redevelopment ($1.6 billion). Resources sector projects include the $869 million New Acland Stage 3 development, proposed Tri-Star Gilbert Gully project ($50 million). Toowoomba Region Mayor Paul Antonio said the report indicated significant future investment that would continue to help the Toowoomba Region deliver world-class facilities and provide greater job opportunities to support the local community. “Toowoomba has one of the nation’s most diverse regional economies and as such, this significant increase of investment comes as no surprise to me,” Cr Antonio said. “Whenever I go to events and conferences throughout Australia, I’m constantly asked about the level of activity taking place in our region.” “In recent years we’ve seen the construction of the Toowoomba Bypass as well as an internationally-capable airport and we will soon have the Inland Rail on our doorstep which makes us a transport and logistics hub and such an attractive place to invest.” TSBE first created the Development Status Report in 2014 to help inform industry of project costs, locations and estimated completion dates for known developments in the Toowoomba Region. • The TSBE Development Status Report for Toowoomba can be found on the TSBE website: https://www.tsbe.com.au/resources/2022-toowoomba-development-status-report

Bulging project pipeline for Toowoomba region

Industry Queensland

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