The Gold Coast’s future looks bright, with $10.9 billion worth of recently completed, under construction or planned infrastructure investment accounted for within the last 12 months.
Urbis have identified 215 infrastructure projects, either completed or in the pipeline, worth at least $1 million each undertaken by both public and private sector, which totalled the spend.
“The investment promotes confidence in the Gold Coast’s future,’ commented, Matthew Schneider, Director at Urbis. “The amount of investment we are seeing means that for business and the community, the Gold Coast will continue to grow in importance.”
Transportation accounted for the largest portion of infrastructure investment, with 45 projects totalling $6.4 billion.
“The public transport and road network on the Gold Coast is getting better and better,” Mr Schneider said. “Obviously the Gold Coast Light Rail has made a very obvious change to the Gold Coast’s landscape, however M1 upgrades and the proposed heavy rail extension are also helping keep the Gold Coast connected.”