Beyond COVID-19: Crisis response or road to recovery?
Crisis response or road to recovery?
In welcome news for the private sector and local councils, the Queensland Government announced on 19 May 2020 the Queensland Economic Recovery Strategy: Unite and Recover for Queensland Jobs to underpin the Government’s additional support to reinvigorating the Queensland economy.
The focus: building jobs for Queenslanders. The keys to success: a further investment in the infrastructure pool and continuing to develop a close partnership between the public and private sectors.
In addition to existing funding for announced projects and programs, such as Works for Queensland and Building our Regions, the Palaszczuk Government’s announcements include the following:
Importantly, the Government has worked closely with key industry bodies, including Queensland Tourism Industry Council, to build a framework to encourage greater private and public partnership. This includes:
It is expected that the Queensland Government’s approach to financing the stimulus package will be outlined in more detail when the new Treasurer, Cameron Dick, provides his COVID-19 Fiscal and Economic Review in September this year.
Norton Rose Fulbright Australia looks forward to working with its government and private sector clients in pursuing the road map to COVID-19 recovery and delivering exciting projects and opportunities in Queensland.
The full media statement from Premier Annastacia Palaszczuk on the Economic Response Strategy is available here.
The energy storage industry is not a completely new industry and there have been short lived booms before.
© Norton Rose Fulbright LLP 2020