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QLD: $53M Set Aside For Infrastructure Spending

Friday, 17th February 2017

The Queensland Government has allocated $53 million for racing infrastructure spending across the three codes of racing, reports Racing Queensland. This amount is likely to increase to approximately $124 million between now and 2023 when taking account of other "flow-ins", including Racing Queensland's allocation of the licence fee paid by UBET. Racing Queensland CEO Dr Eliot Forbes said one critical task of the new board was the development of an infrastructure plan appropriate for a 20-plus year future. "Consulting with industry stakeholders forms an important part of the board's considerations," Dr Forbes said. "We obviously acknowledge that this may take time, and will require the engagement of participants and local communities." The following broad categories for projects to be considered have been established:

  • Commercial projects to enhance self-sufficiency.
  • Major racing infrastructure projects >$1m which provide enduring benefits for the industry and/or the ability to enhance wagering or on-track attendances.
  • Minor racing infrastructure (up to $1m) associated with work health safety or animal welfare.

Dr Forbes said Racing Queensland was focused on working with all racing clubs to move towards sustainable business models where each club could be responsible for its own capital expenditure and asset replenishment. Click here for submission criteria.

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