Surat Basin set to surge
AUSTRALIAN Events' managing director Bob Carroll has thrown his support behind the "2015 Major Projects Report" which found that the Surat Basin was set to become one of the State's biggest boom areas.
The report, which is an initiative of both the Queensland Major Contractors Association and Construction Skills Queensland, flagged that the Surat Basin was in for a major boom which would require workers to be relocated there from declining areas in other parts of the state.
"The region has had enough of doomsday forecasters and it's about time that we took a longer term view of the Surat Basin and southern Queensland generally," Mr Carroll said.
"Almost every day, we hear of plans for major new developments in the region be they in mining, infrastructure, manufacturing, agriculture, rail, transport, green energy or aviation.
"What has become evident in the CSG transition from construction to the maintenance phase is that the region is becoming much more diverse in terms of its economy.
"Who would have imagined five years ago that we would one day have an international airport or a freight gateway to the nation in the shape of a Second Range Crossing or even a $1 billion solar farm?
"The attraction of the Major Project Report is that it is based on fact and considered assessment, not speculation.
"The result is that the region can anticipate considerable economic growth over the next five years. These are exciting times indeed."
The report concludes that the region's strength lies in its "significant thermal coal resources (which are expected to remain unrealised for now)," changing market conditions for coal which could see new projects start, CSG-fired power generators and rail and transport infrastructure projects.