The Smartline Report - Home Loan News NOVEMBER 2009 Smartline - Personal Mortgage Advisers
   

 

 

The month in review: Toowoomba

By Herron Todd White
November, 2009

 

 

The major infrastructure projects for the Toowoomba region include the Toowoomba Highway Bypass, Airport runway extension, Wivenhoe dam water pipeline and Melbourne to Gladstone rail link. The region is well positioned to capitalise on such projects and will have a profound economic and infrastructure benefit.


• To date funding by the Federal Government’s Building Australia Fund was not granted for the Toowoomba Highway Bypass. The mayor indicated that the ‘project would provide up to 3,800 direct jobs on the Darling Downs and as many as 16,000 jobs for South-East
Queensland during construction. It would add more than $300 million to the Darling Downs economy and almost $1.3 billion to the Gross State Product of Queensland in direct and flow-on effects.’

 

• The Council is currently examining a runway extension to 1,470 metres which could accommodate larger aircraft.


• The Australian Transport and Energy Corridor Ltd (ATEC) have control of some 200 ha at Charlton for development of a major freight hub. In April 2008, the Federal Government requested the Australian Rail and Track Corporation (ARTC) undertake a $15 million scoping study of the Melbourne to Brisbane Inland Rail Link to determine the preferred route. The study is to be completed by August 2009.

 

• The pipeline from Wivenhoe to Cressbrook Dam was reported to be 60% complete and due for completion in January 2010. To date the local dam levels was reported to be 9%.

 

Other projects having profound economic and infrastructure benefits in our local region include;
• Gatton Gaol,


• Local university and school infrastructure expansion and refurbishments,


• As part of the Force Disposition Program (FDP), the Government was considering whether to remediate existing and/or construct new facilities at the current location or relocate the functions of the Borneo Barracks to Edinburgh Defence Precinct in South Australia in 2013. Local Council made representation to the Defence Minister seeking to ensure the continuing operations of Borneo Barracks as ‘the regional economy would lose 845 jobs; $105.3 million per annum; and a serious short-term downturn in the property market may result.’

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Please note that information in this publication is subject to change without notice. Smartline assumes no responsibility for any errors, omissions or mistakes in this document. © 2008 Smartline Home Loans P/L. ABN 38 085 370 270