Brisbane's Cross River Rail project has had $733 million allocated to it in the 2018 Queensland state budget that was handed down by Queensland Treasurer Jackie Trad this afternoon.
In the budget speech to state parliament, the Treasurer put Brisbane's Cross River Rail at the centre of the Palaszczuk Government's infrastructure spend.
In a fast-growing state, investing in key infrastructure supports job creation, it boosts business confidence and it delivers the services Queenslanders need to maintain our way of life.
Our delivery of the $5.4 billion Cross River Rail project recognises this.
Sadly, the Federal Government and those opposite don’t.
During the five-year construction period, Cross River Rail will support an average of 1,500 jobs each year, and up to 3,000 jobs in the most intensive year of constructionDeputy Premier and Treasurer, Jackie Trad
The Cross River Rail project aims to provide another north-south path for South East Queensland's metropolitan rail network, alleviating congestion on the Merivale Bridge and opening up new station catchments in the heart of Brisbane's CBD and Woolloongabba.
The 10.2km of new twin-track will connect the Beenleigh/Gold Coast trunk at Park Road with the Nambour/Redcliffe/Shorncliffe trunk just beyond Bowen Hills. 5.9km of the new track will be in tunnels.
Exhibition station, currently only open and serviced during special events, will become a full time station serving Brisbane's inner north and a new interchange station, Boggo Road, will be built in the vicinity of Park Road station offering transfer opportunities to train passengers.
Roma Street will also be connected to the Cross River Rail tunnel offering further connection opportunities to rail services throughout all of Queensland.
Along with the Cross River Rail project, the Treasurer confirmed the Beerburrum to Nambour Rail Upgrade Project has also been funded.
Approximately 40km in length, the single track section between Beerburrum and Nambour to the north of Brisbane will be duplicated and paid for by the Federal and State Governments.
Canberra will be funding the project to the tune of $390 million and the Treasurer announced the Queensland portion of the funding will total $161 million.
Central Station will also yield $7 million to pay for general upgrades that will see modernisation of platforms, stairs, escalators, a new roof and additional escalators from the station's concourse to ANZAC Square.
To view the Treasurer's speech and Queensland Budget 2018 documents, see budget.qld.gov.au.