There is over $20 billion of recently completed, underway, approved and proposed projects in the Moreton Bay region.
The region is one of the fastest growing urban areas in Australia with residential land sales outpacing the rest of south east Queensland (Sutherland 2016).
The $1.15 billion Moreton Bay Rail Link sees 12.6km of dual track rail line constructed between Petrie and Kippa-Ring, servicing six new train stations. The rail link will open in the first week of October 2016 (ABC News 2016).
The $8.5 billion Bruce Highway upgrade is currently in the early stages of planning. Findings by Infrastructure Australia have marked the Bruce Highway upgrade as a priority project (Weston & Emery 2016).
The upgrade would improve the ‘busiest road corridor in south east Queensland’ with 78,000 vehicles travelling southbound every day (McKinnell 2016).
The Moreton Bay Region University Precinct will generate thousands of local higher education and employment opportunities for the region. With a full-scale University of the Sunshine Coast campus at its core, the precinct will offer world-class study opportunities to residents of the Moreton Bay region.
It has been declared a Priority Development Area by the Queensland Government and encompasses approximately 460 hectares of land.
It has been declared an engine room of economic activity, generating $950 million for the Queensland economy and supporting over 6,000 jobs by 2036 (Courier Mail 2016).
The Westfield North Lakes shopping centre has undergone a multi-million dollar expansion. The $250 million project has linked the shopping centre to the new Ikea store to be built behind the shopping centre.
INFRASTRUCTURE AND DEVELOPMENT AT A GLANCE
- $20 billion of recently completed, underway, approved and proposed projects.
- $1.15 billion Moreton Bay Rail Link
- $8.5 billion Bruce Highway upgrade
- 460 hectare Moreton Bay University Precinct
- $250 million Westfield North Lakes shopping centre.