Queensland's largest mining region is set for a coal royalties' windfall with the Isaac region sharing in a $120 million investment for critical community infrastructure.
Queensland's largest mining region is set for a coal royalties' windfall with the Isaac region sharing in a $120 million investment for critical community infrastructure.
Treasurer and Minister for Trade and Investment Cameron Dick announced funding today with priority commitments to the Isaac Resources Excellence Hub and the upgrade of Phillips Creek Bridge near Dysart.
Isaac Regional Council Mayor Anne Baker said the funding is a win for resource regions following years of advocating on behalf of Isaac communities.
"Coal mining is in Isaac's DNA. This is about ensuring our communities are set up to embrace a future in a changing world," Mayor Baker said.
"This announcement follows critical new Moranbah Hospital investment to service the Bowen and Galilee basins, the beating heart of Queensland's resources.
"We absolutely thrilled to see the return of royalties especially when Isaac coal mines continues to support the growth and prosperity of Queensland and the nation.
"On behalf of community, we look forward to working in partnership with the Queensland Government to ensure consistent royalties reinvestment."
Council has advocated for the Phillips Creek Bridge replacement project to both the Queensland and Australian governments for a number of years.
The bridge on Saraji Road is a key link between Dysart and Moranbah that provides access to several coal mines and for community safety.
The Isaac Resources Excellence Hub's vision is to help unlock innovation and access to technology to support research into mine rehabilitation and decarbonisation while also delivering education and reskilling opportunities at the coalface.
Expressions of interests for the Hub closed this week with the scoping phased to be completed by February 2023.
The Queensland Government's royalties reinvestment announcement today follows budget commitments from the Australian Government in October this year.
