Agreement reached on Resources Community Infrastructure Fund


Queensland’s regional workers, their families and the communities they live in will receive more funding to assist in the post-COVID recovery, following the finalisation of arrangements for the Palaszczuk Government’s $100 million Resources Community Infrastructure Fund (RCIF).

Treasurer and Minister for Planning and Infrastructure Cameron Dick said the Fund would deliver $100 million over three years towards projects targeted at improving economic and social infrastructure across Queensland’s resources communities.

“While COVID-19 has wrought terrible damage on the lives and businesses of Queenslanders, some of our traditional, regionally-focussed industries like mining and agriculture have spared us from even greater economic damage,” the Treasurer said.

“They’ve kept Queenslanders employed and continued to generate export revenue for our state.

“I am pleased that by partnering with Queensland’s mining sector, we are able to deliver for regional resource communities through this new fund,”

“The Palaszczuk Government backs the resources industry.

“We back the jobs and communities that industry is built on.

“Queensland resource companies have long made significant investments in the communities in which they operate and have a track record of partnering closely with local communities in a range of social, training and employment initiatives.  

“The RCIF will supplement existing planned State community infrastructure, as well as the investment by resource companies, and deliver additional benefit to Queensland resource communities, for the workers and their families who live there.”

As part of the 2019-20 Budget and to get the RCIF rolling, the State committed to contributing $30 million to the RCIF over three years.

Under a Memorandum of Understanding (MOU), the State and the Queensland Resources Council have settled arrangements for resource companies to make contributions to the voluntary fund totalling $70 million over three years.

QRC Chief Executive Ian Macfarlane said the RCIF would be in additional to the $74 billion in economic contributions to the Queensland economy including more than $5 billion in royalty payments to the Queensland Government.

“On behalf of the resources industries and the communities we work in, I want to thank Treasurer Cameron Dick for acting so quickly to finalise an agreement to establish the Fund which will secure investments into regional communities,” Mr Macfarlane said,

“By finalising the agreement for RCIF, we – the Government and QRC – can ensure the Fund is part of Queensland’s recovery.”

“The agreement on the Fund also delivers on the Government’s commitment in May last year to maintain the current rate and threshold for coal and metal royalties.”

“The resources industry has worked so closely with the Government to flatten the COVID-19 curve and keep as many of the 372,000 Queenslanders who depend on us for their work and wages.”

“I reaffirm our industry’s commitment to work with the Government on initiatives and measures to help our industry deliver even more for Queensland’s recovery.”

An expert Advisory Committee, comprising Government, resource community and industry representatives, will review and make recommendations for allocating funding for community infrastructure projects in Queensland resource communities.

Treasurer, Minister for Infrastructure and Planning
The Honourable Cameron Dick

Business Business & Economy Elections Employment & Training Infrastructure & Construction Political Queensland Government

Cameron Dick, Queensland Government, Treasurer, Minister for Infrastructure and Planning :
1 William Street, Brisbane Qld 4000, Queensland Wide
Cameron Dick, Queensland Government,  Treasurer, Minister for Infrastructure and Planning
Showing 10+ recent articles for this business
2020-21 QUEENSLAND BUDGET TIMETABLE 19 May 2020 | Queensland Treasurer Cameron Dick has announced that the Palaszczuk Government will publish a COVID-19 Fiscal and Economic Review (C19-FER) in September this year. More information...
Agreement reached on Resources Community Infrastructure Fund 18 May 2020 | Queensland’s regional workers, their families and the communities they live in will receive more funding to assist in the post-COVID recovery, following the finalisation of arrangements for the Palaszczuk... More information...
Infrastructure to drive Queensland forward 30 April 2020 | Minister for Infrastructure Cameron Dick has today confirmed it was full steam ahead for the Queensland Government’s infrastructure program, despite COVID-19. More information...
National team of experts join forces to boost ventilator stocks 25 April 2020 | A team of clinical and engineering experts across Australia have joined forces on the OzVader Ventilator project – a new Intermittent Mandatory Ventilator (IMV) design which could be used to treat ICU patients... More information...
Construction forges ahead on Maryborough munitions plant 24 April 2020 | Construction of the $60 million Rheinmetall NIOA Munitions (RNM) shell forging and manufacturing facility in Maryborough is now underway with early works having commenced on-site. More information...
LNP throws 5000 Qld Virgin workers on scrapheap in their time of need 21 April 2020 | Minister for State Development Cameron Dick has today slammed the Queensland LNP for false and cruel attacks on Virgin workers in their time of need. More information...
Deb Frecklington betrays Queensland in fight for Virgin HQ jobs 20 April 2020 | “Instead of trying to defend the raiding party from New South Wales, Deb offered only praise for her ‘very good friend’, NSW Premier Gladys Berejiklian. More information...
Queensland declared World Economic Forum Advanced Manufacturing Hub 19 April 2020 | Queensland has been recognised as a global Advanced Manufacturing Hub by the World Economic Forum (WEF), a designation that will connect the state’s manufacturing sector with a global network of advanced manu... More information...
Palaszczuk Government calls on Federal Government to back Virgin Airlines 18 April 2020 | The Palaszczuk Government has today called upon the federal Government and other states to support Virgin Airlines to continue as Australia’s second national carrier. More information...
Supplier registrations surge in response to COVID-19 11 April 2020 | We are delighted with the response from our local manufacturing community. In less than a week we have had 40 companies submit 72 expressions of interest on the Queensland Government’s ICN Gateway COVID19... More information...

comments powered by Disqus

All articles submitted by third parties or written by My Sunshine Coast come under our Disclaimer / Terms of Service