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REIQ Journal : February 2010
from Woolloongabba to the airport and the growing northern suburbs. BrisConnections is constructing the Airport Link, a 6.7km long toll road from Bowen Hills to the airport, and stage two of the Northern Busway from Windsor to Kedron which is being built concurrently with the Airport Roundabout Upgrade for the Queensland Government. The combined total nancial cost of these three projects is $5.6 billion, due for completion before 2012. BrisConnections' CEO and managing director Dr Ray Wilson said, based on previous toll- road projects, inner city and north-side property prices may bene t from the multi- billion dollar transport infrastructure projects currently being built in Brisbane. "Property that is situated close to transport and infrastructure is often sought after by home buyers and investors because it improves accessibility, especially in a fast growing city like Brisbane," he said. But the bene ts of infrastructure investment are not just restricted to rising property prices. BrisConnections' stakeholder communications general manager Patrick Southam said Airport Link in particular will deliver a range of economic bene ts for Brisbane. "The key economic bene t of Airport Link will be the increase in overall capacity in Brisbane's road network by adding a critical new link between the northern suburbs and two of South East Queensland's most important economic centres -- the airport and the CBD," he said. "Airport Link will allow motorists to avoid 18 sets of tra c lights between the CBD and the airport and shave as much as 17 minutes o the journey between Bowen Hills and Toombul during peak periods in 2012. It will make the commute from Brisbane's northern and north-western suburbs much easier. "It will also provide an important link to the Australia Trade Coast which is forecast to be a major jobs growth hub that will rival the CBD over the next 20 years." The opening of Airport Link, Clem7 and the Northern Busway between now and mid- 2012 could also enhance property prices in suburbs such as Bowen Hills, Windsor and Lutwyche. Dr Wilson said residents living in suburbs such as Sta ord, Kedron, Lutwyche and Wooloowin should bene t from the improved east-west connectivity that Airport Link will deliver on Brisbane's north side. The Queensland Government has mandated that BrisConnections must complete the Northern Busway and Airport Roundabout Upgrade projects before it can start tolling on Airport Link in June 2012. Outside of the south east, major projects currently under way include the Townsville Port Access Road and Ring Road, the Bundaberg Ring Road and the Forgan Bridge Duplication in Mackay. Outside of the south east, major projects currently under way include the Townsville Port Access Road and Ring Road, the Bundaberg Ring Road and the Forgan Bridge Duplication in Mackay. REIQ Journal February 2010 14 FEATURE
December January 2010