The Toowoomba Second Range Crossing project is exceeding local investment targets

Toowoomba Second Range Crossing exceeding local investment targets

Published 02 July 2017

TOOWOOMBA, AUSTRALIA – The Toowoomba Second Range Crossing project is providing a major boost to the local economy, with the latest data showing better-than-expected results for local investment.

The latest economic data shows more than 95 per cent of the project’s expenditure is being spent in Queensland, making this infrastructure project an important economic enabler.

The A$1.6 billion projects includes a 41-kilometre bypass which will run north of Toowoomba from the Warrego Highway to the Gore Highway via Charlton. It is one of Queensland’s highest priority road infrastructure projects.

The Nexus Infrastructure consortium – comprising Plenary Group, Ferrovial, Acciona and Cintra – is contracted by the Queensland Government to finance, design, build and maintain the project for 25 years.

Source: Nexus Infrastructure

Plenary CEO Paul Oppenheim said the more than 95 per cent local spend was a great outcome for Queensland businesses and suppliers.

“Exceeding the local content targets we set during the competitive bid phase demonstrates the outcomes that experienced firms can bring to local areas for large-scale projects,” Mr Oppenheim said.

“Another example of the project’s broader benefits is in its community support, with the three-year partnership with air ambulance and helicopter rescue provider, LifeFlight, and the four rounds of community sponsorship grants for local not-for-profit groups.”

Federal Minister for Infrastructure and Transport Darren Chester, speaking at the National Infrastructure Summit in Sydney last week, named the Toowoomba project as a great example of the success international construction companies entering and operating in the Australian market have had in driving value-for-money for public investment.

“Global companies are bringing innovation and expertise to Australia, working alongside local companies,” Mr Chester said.

“As an example, we currently have Spanish firm Acciona involved as a partner in the consortium building the Toowoomba Second Range Crossing after previously being a major partner in the construction of the Legacy Way tunnel in Brisbane.”

Nexus Infrastructure Chairman John Witheriff said more than 3,000 people have been inducted to work on the project, the Australian Government’s largest commitment to a single road project in Queensland to date.

“More than 3,000 people have worked on this project so far, and with 1,800 flow-on jobs expected for the wider Toowoomba community, the impact this project is having the local economy is huge,” Mr Witheriff said.

“Creating jobs is critical to long-term success, which is why Nexus has employed 40 trainees so far, and we are working with Construction Skills Queensland to provide even more opportunities for apprentices and trainees in the building and construction industry.”

Mr Witheriff said the project is progressing on schedule and is expected to be completed and operating by the end of 2018.

 

Christopher Whitefield

Corporate Affairs Manager
+61 3 8888 7754
+61 418 530 806
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