News that investment in the State’s major project
construction is set to be slashed in half next year is a daunting dose of
reality, especially for the resource-intense economies of regional Queensland.
The forecast dive, driven by the completion of huge
resources projects, will see the value of major projects construction in
Queensland drop from $10.5 billion this financial year, to just over $5 billion
in 2015-16.
But the figures, calculated by the Queensland Major
Contractors Association and Construction Skills Queensland, don’t reflect the valuable
next strata of construction.
While it might not have reached the same dizzying heights as
resources construction, public and private infrastructure spending across Queensland
has provided a reliable second-tier of support to regional communities.
And as the multi-billion resources spend slows, that
second-tier must step up.
While conventional wisdom might predict the resources
slow-down would see other economic drivers get timid, now is the time for
regional economies to back themselves and challenge the trepidation. We will seal our own fate if we let our
confidence waver, and we have far too much momentum behind to get spooked now.
In the past five years, CQUniversity has averaged nearly $20
million a year on infrastructure capital works, with another $6 million a year
on technology upgrades atop of that. It’s been an ambitious growth agenda
focussed on our faith in the extraordinary potential of our regional communities.
And we have no intention to yield to what the pundits are calling the 2015
slow-down. In fact, we plan to do the exact opposite.
Stage 2 of the CQUni Health Clinic in Rockhampton has just been completed
We have earmarked $44.7 million for new infrastructure
projects in 2015, including Rockhampton’s new Health Clinic, new campuses in
Cairns and Townsville, modern health education facilities in Bundaberg, expanded
Engineering programs in Gladstone, and a new Engineering Centre for Mackay. A
further $13.3 million will be spent on technology infrastructure across our
campuses this year. In total, our investment
across 2009 to 2015 will top $207 million – the vast majority being spent in
regional Queensland.
True, on paper our investment is small fry compared to the multi-billions
of major resources projects. But CQUniversity’s spending on projects developed
in close consultation with our local communities will drive huge economic and
social change – growing services, employment opportunities, locally-trained
workforces, and importantly, confidence for our regions. Our infrastructure
spend since 2009 has ultimately seen a huge jump in regional kids going to
CQUni, with growth five times that of the leafy inner suburbs of Brisbane. Giving
these young people a shot at higher education will pay community dividends for
their entire career-span, as they work, raise a family, and invest in their home
towns. The closer we get to giving regional kids the same opportunities and
experiences as city kids, the closer our communities get to reaching their full
potential.
The new Townsville campus which will be part of a bigger development
This is why I believe regional communities have far more investment
bang for buck than the cities. It would be disastrous if we stopped investing
in regional Australia because of a shaken confidence in the price of the rocks
we dig out of the ground here. We have so much more potential to offer the
nation’s sovereign prosperity, and now is the time to back ourselves.
No matter who is spending, every dollar of infrastructure
investment has the same economic multiplier effect. Whether business, institutions,
governments, or the individual consumer, we can all lead innovation and
transformation in our regional communities.
The new engineering building at the CQUniversity Ooralea campus is currently being constructed
Anyone who says the value of our regions is exclusively
linked to the resources sector simply does not get it. I have no doubt in my mind that regional
Queensland is a sleeping giant that is only just starting to stir. Now is the
time to back ourselves and give each other the confidence and support we need
to not only sustain ourselves, but to flourish, during the year ahead.
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