A bill has been introduced into the Queensland state parliament to establish a delivery authority for the Cross River Rail project.

Queensland Deputy Premier and Minister for Infrastructure, Local Government and Planning, Jackie Trad, said the Cross River Rail Delivery Authority would be established as an independent statutory body to lead the development, procurement and delivery of Cross River Rail and to drive urban renewal within the economic and development corridor.

“The Authority’s functions and powers have been designed to ensure that it will be able to deliver both the rail infrastructure for Cross River Rail as well as maximise the broader city building and economic benefits that arise from the project.

“This is essential as the Cross River Rail corridor alone will boost the economy by $70 billion and support more than 85,000 jobs.

“Importantly, the Authority will ensure that Cross River Rail stays on track and is not derailed by politics.”

Ms Trad said the Cross River Rail was the government’s highest priority infrastructure project unique opportunity to transform South East Queensland.

Ms Trad said the government was focused on ensuring Cross River Rail became a reality, after it was abandoned by the Newman-Nicholls Government.

“In less than 18 months, the Palaszczuk Government rescoped the project, published the new alignment and submitted the business case to Infrastructure Australia and the Turnbull Government for consideration,” Ms Trad said.

“We have allocated $850 million – the largest single allocation to Cross River Rail yet – in order to start funding negotiations with the federal government and delivery arrangements with the private sector.

“Our only frustration with the Cross River Rail project is that it is not currently under construction because the Newman-Nicholls Government tore up a 50/50 funding deal with the Federal Government in 2013.”

The bill also establishes the Cross River Rail Delivery Fund so that any proceeds from associated development can be reinvested in this city shaping project.

The Authority’s board will consist of ten members, including up to six external expert directors.

The Cross River Rail technical team will continue to operate within the Department of Local Government, Infrastructure and Planning as the legislation is progressed through parliament.

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