Explore our Progress 2050 Goal Tracker
The Newman Government will seek a mandate to lease some of the State’s water, energy and port assets at the 2015 State Election, Queensland Premier, the Hon. Campbell Newman told a CEDA audience in Brisbane .
08/10/2014
Speaking at CEDA's Queensland State of the State forum, Mr Newman said if his government is re-elected in 2015, some of the State’s assets would be leased to generate approximately $37 billion for the State Government.
As part of the Newman Government’s proposed Strong Choices Investment Program, a number of state-owned corporations would be leased for a period of 50 years, with an option to renew for another 49 years, he said.
These corporations include electricity generators and network transmitters (such as Ergon, Energex and Power link), the Gladstone and Townsville ports and the industrial pipelines of Sunwater, he said.
Mr Newman said the $37 billion generated from these leases would be used to:
On the State’s economic performance, Mr Newman said Queensland will be Australia’s leading state economy by the end of this financial year.
Mr Newman said Queensland’s economy is forecast to grow by three per cent in the current financial year and six per cent in the following two years.
In the 2015-2016 financial year, we will see the State’s first fiscal surplus in a decade, he said.
“So for the first time in 10 years… Queensland will not be borrowing more money and the debt will peak at $80 billion,” he said.
While price pressures are starting to head in the right direction, the Government should not use this Budget as an opportunity for a pre-election cash splash.
Read more Economy July 14, 2021South Australia is attracting top talent and reversing years of negative net migration by focusing on skills and the state’s lifestyle.
Read more Economy March 20, 2011During February and March 2011 CEDA was pleased to again host events in each state under its signature Economic and Political Overview event series. CEDA’s EPO 2011 publication provided the catalyst for its contribution to thought leadership and policy perspectives on the critical economic, political and social issues facing Australia. By CEDA Chief Executive, Stephen Martin.
Read more