- More than 9,100 new residential lots to be unlocked with Miles Labor Government support for new and upgraded Ripley Valley infrastructure
- Two new infrastructure agreements signed by Economic Development Queensland (EDQ), one with developers Stockland and Moremac and one with Ipswich City Council
- The catalyst infrastructure funding will provide $27.5 million in loans supporting $39.3 million in new and upgraded infrastructure
- Includes a major upgrade to Ripley Road and Deebing Creek sewer works
The Miles Labor Government is putting Queenslanders first with more than 9,100 new housing lots to be unlocked in the Ripley Valley Priority Development Area (PDA) thanks to two new infrastructure agreements.
Economic Development Queensland (EDQ) has signed the agreements to provide $27.5 million in loan funding from the Miles Labor Government. This funding will provide economic stimulation and infrastructure growth in the Ripley area.
One infrastructure agreement with Ipswich City Council, worth $24 million, will unlock an estimated 4,600 lots in the Ripley Valley through the four-lane upgrade of a section of Ripley Road between Cunningham Highway and Monterea Road.
Another agreement, worth $3.5 million, is with the developers Stockland and Moremac for trunk sewer works in the south-west precinct of the PDA to unlock an estimated 4,500 lots.
The catalyst infrastructure loans will support investment in $39.3 million of essential new infrastructure, opening the new residential lots will generate an estimated $851.4 million in civil construction and almost $2.5 billion in housing construction in Ripley Valley, as well as more than 585 direct and indirect construction jobs through to 2051.
As stated by Minister for Small Business and Employment and Member for Bundamba Lance McCallum:
"The Miles Labor Government is helping Ipswich City Council expand local roads quicker with $24 million in funding for the Ripley Road Stage 1 expansion.
"We need this expansion as soon as possible for existing residents and commuters and will help ensure more new homes as this our community continues to grow.
"The upgraded Ripley Road will be a vital link providing the north-south connectivity needed to open up new precincts of the Ripley Valley PDA.
"Just as importantly, these projects are a job creating boost to our local economy."
As stated by Assistant Treasurer and Member for Ipswich Jennifer Howard:
"Ipswich residents are crying out for more housing and that's exactly what this new funding helps to provide.
"I'm thrilled to see these much-needed infrastructure projects will be unlocking lots for housing in the fast-growing Ripley Valley.
"By working in partnership with developers and local councils we can continue to roll out the critical infrastructure needed to meet local housing demand and create liveable, sustainable communities."
As stated by Minister for State Development and Infrastructure Grace Grace:
"Fast growing areas like Ripley Valley need more infrastructure and the Miles Government is helping to bring this online.
"We're funding the roads and other essential infrastructure like water and sewer works that are needed to bring much-needed new housing to the Ripley Valley.
"The catalyst infrastructure funding we are providing is great news because it will help unlock more land for housing, while supporting more jobs and economic activity.
As stated by Ipswich Mayor Teresa Harding:
"Ipswich is one of the fasting growing cities in Queensland and Ipswich City Council is focused on building local roads that keep our city moving.
"Council is delighted to partner with the Queensland Government to deliver $39.3 million in infrastructure that will unlock much needed upgrades to Ripley Road and will unlock an estimated 4,600 lots in the northern parts of Ripley Valley.
"Our city will experience the highest rate of growth in the next 20 year of any council in Queensland and this infrastructure investment is critical to ensure the sustainable growth in Ipswich now and into the future."
As stated by Mr David Laner, General Manager, Stockland:
"Stockland has been creating connected communities for more than 70 years, helping more Australians achieve the dream of home ownership. This catalyst funding for infrastructure at Deebing Creek will help Stockland unlock land for our new master planned community, Stockland Botanica, located in the Ripley Valley, which will provide around 2,300 homes for Queenslanders, as well as regional sporting facilities, local school, other community facilities, and local retail.
"The Catalyst Infrastructure Fund is a clear demonstration of the importance of collaboration between government and industry in delivering much needed housing in this rapidly growing part of South East Queensland."
Quotes attributable Mr Andrew Brimblecombe, General Manager, Moremac:
"South Place in the Ripley Valley PDA is Moremac's first project in Queensland and we are delighted to have worked with the Queensland Government on this infrastructure agreement.
"This funding will help ensure that construction of vital infrastructure is keeping pace with development.
"The delivery of new homes and new communities in Ripley Valley will help get more people into housing and represents a significant investment in the future of the Ipswich region."
