As part of our CGC Projects in Focus series, this week we are talking about the major development projects that are revamping Brisbane and creating thousands of jobs across the city. Once operational, these new developments will continue to boost the economy, creating more new jobs and attracting domestic and international visitors to Brisbane.
Brisbane’s New Metro
The construction of the new Brisbane Metro is expected to revitalise public transport throughout the city centre. While giving residents and visitors a more efficient way to travel around the city, the project is also expected to improve inner-city pedestrian safety.
Projected to cost $944 million, it will include a 21km-long service with two lines. The feasibility and budget impact of the Metro project’s proposed station under the Exhibition Centre is now a key element under discussion.
The Queen’s Wharf development will integrate both heritage and modern architecture and buildings in its innovative design, creating new world-class facilities in the heart of central Brisbane. The massive casino, resort and residential construction project, being developed by the Destination Brisbane Consortium joint venture, will cover 26 hectares of the inner city and will cost more than $3.6 billion.
Construction commenced in mid-2019, with a completion forecast of late 2022. The project will feature 2,000 luxury apartments with spectacular views of the river and CBD, five hotels catering to conferences, functions and events, a 100m tall sky deck, a pedestrian bridge, more than 50 restaurants and bars; and a new riverfront park and walkways.
Cross River Rail
Another transport project, the $5.4 billion Cross River Rail development, will create a 10.2 km train line linking Dutton Park to Bowen Hills, featuring a 5.9km twin tunnel underneath Brisbane’s CBD and river. Due for completion in 2024, the train line will carry 164,000 passengers daily, create four new underground stations and redevelop the above-ground stations at Dutton Park and the Exhibition. Each new station will revitalise its inner city precinct, generating many opportunities for property development, economic growth and new jobs.
State of the market
In its 2019 industry outlook edition, Queensland Master Builders Association said that these and other major projects will help assure Brisbane’s long-term growth. This is promising for jobseekers, as the construction sector in 2017/18 was Queensland’s largest economic contributor after mining, and the State’s third-largest employer, employing 236,100 workers in 2018-19. You can read the CGC state of the construction market 2020 outlook.
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