Queensland LNP proposes funding assistance

Queensland’s LNP opposition has proposed to establish a new commission to help private sector projects in the Galilee Basin seek public funding.

State opposition leader Lawrence Springborg spruiked the proposal to set up the Galilee Basin Development Commission at a Queensland Media Club event on Monday.

The Daily Mercury said the LNP were pushing the idea that the state must ready itself “for the upturn in commodity prices and demand”.

"The development of the Galilee Basin is critically important," Springborg said.

"We will establish a Galilee Basin development corporation which would then work with the private sector to access funding.

"And also develop and establish … infrastructure for taking advantage of what is a very resource-rich part of Queensland.

"That would give an opportunity as well to access some of that money which is on the table from the Commonwealth."

Springborg said the Palaszczuk Government held up the Abbot Point expansion by 12 months when it altered plans for the dumping of dredge spoils.

A spokeswoman for the State Development and Mines Department responded to the proposal, saying the said the LNP's only plan for the Galilee Basin "has been to use taxpayer funds to prop up commercial projects".

The spokeswoman for departmental minister Anthony Lynham said the Building our Regions program would bring $200 million to regional projects over two years.

"Unlike the former Newman Government's program, our plan focuses on resource-producing communities and will provide an opportunity to address any impacts of resource sector growth in those communities," she said.

Image: Brisbane Times

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