Pine River to Caloundra Road Interchange Upgrade
Preferred bidder announced
Greenfield (construction) or brownfield (government asset divestment) projects needed or likely to occur within the next five years, but is not formally proposed by a state, territory or major local government.
The project or divestment is supported by a state, territory or major local government, is subject to studies or other processes (such as pre-feasibility or scoping studies or business case development), and is likely to proceed to formal announcement.
The project has a firm commitment and timeline from a state, territory or major local government, but has not yet entered the market.
The project or transaction is under procurement (such as a call for Expressions of Interest, requests for tender, or another offer to the market).
Preferred bidder announced
A preferred bidder has been selected and is in exclusive negotiations.
Projects that have progressed to contractual close remain on ANZIP for 12 months.
ANZIP is focused only on major infrastructure activity, above the following thresholds:
Construction projects: > AUD$300m
Investable greenfield & brownfield: > AUD$100m
All greenfield and brownfield projects and divestments: > NZD $100 million
The 1,700 kilometre Bruce Highway is Queensland's major north-south road corridor, connecting coastal population centres from Brisbane to Cairns and supporting around 58 per cent of Queensland's population.
The Pine River to Caloundra road interchange upgrade, will see circa 60 kilometres of the Bruce Highway north of Brisbane upgraded to increase capacity and alleviate flooding and safety issues.
Planning is currently underway and will develop a list of priority works that are likely to be progressed as a number of packages including non-infrastructure solutions. The largest project identified is the $662.5 million six-laning between Caboolture to Steve Irwin Way.
The Federal and Queensland governments have committed $662.5 million (Federal Government $530 million/Queensland Government $132.5 million) for the project.
The funding will allow for the acceleration of planning and construction of widening the highway from 4 to 6 lanes and flood immunity improvements between Caboolture and Steve Irwin Way.
A smaller project, the Bruce Highway/Deception Bay Road Interchange Upgrade, also forms part of the Pine River to Caloundra Road Interchange Upgrade. The Federal and Queensland governments have committed $150 million (Federal Government $120 million/Queensland Government $30 million) to upgrade this section.
Planning for the priority projects is expected to be completed by late 2017, with the remainder of planning to be completed by mid-2018. The Federal and Queensland governments have committed $8 million for the planning of the project. Building Queensland is assisting with the development of a preliminary business case.
Detailed designs are expected to be released in early 2019 with construction to commence later the same year.
In the 2018-19 Federal Budget, the Federal Government allocated $3.3 billion towards the Bruce Highway Upgrade project over the next 10 years,with $880 million allocated to the Pine River to Caloudra corridor upgrade. However, details of the funding profile and commencement date were not provided in the Budget.
Last reviewed: 23/07/2018