The LNP is calling on Labor to use its December economic update to guarantee that new royalties from the Galilee Basin are ear-marked exclusively for infrastructure projects.
The LNP will use royalties from the basin to create a new Queensland Infrastructure Fund if it wins the next state election – and wants Labor to adopt its plan in the forthcoming Mid-Year Economic and Fiscal Review.
Shadow Treasurer Tim Mander said a Deb Frecklington LNP Government would use the fund to fix the Bruce Highway, air-condition every state school in Queensland and build new dams – including the New Bradfield Scheme.
“Queensland has the highest unemployment rate in the nation thanks to Annastacia Palaszczuk’s nine new taxes and cuts to infrastructure,” Mr Mander said.
“The LNP will open the Galilee Basin and pave the way for the $50billion worth of new projects and 15,000 news jobs that have been stalled by Labor.
“The LNP will ensure that every cent of royalties from the basin is used to build the job-creating infrastructure that Queensland is crying out for.
“Unlike Labor, we will invest in new dams and roads to unleash this state’s potential and create new jobs for Queenslanders.”
The Mid-Year Economic and Fiscal Review, which takes place each December, gives the State Government an opportunity to update spending plans outlined in its annual Budget.
“Annastacia Palaszczuk and Jackie Trad are holding Queensland back, but the LNP has a plan to create jobs and get this state back on track,” Mr Mander said.