Building Acceleration Fund

The Building Acceleration Fund is a Queensland Government initiative which was introduced in 2020 to accelerate economic recovery through investing in infrastructure to unlock development, generate construction activity and create long-term employment. The fund provided co-investment through an interest-free loan framework, available to developers, councils and industry for infrastructure projects that generate private sector investment and stimulate post COVID-19 economic recovery.

Proponents and projects had to meet eligibility requirements outlined in the guidelines, including providing a co-investment towards the project costs.

To date, nine projects have been announced under the BAF Program totalling over $243 million in combined public and private investment.

These projects are anticipated to generate around 707 jobs and unlock more than 11,700 residential lots in South East Queensland, with a further 446 lots in Far North Queensland.

Successful projects range from transport infrastructure to an intermodal facility, water and wastewater services, airport runway upgrades and fuel importing facilities.

Five of the nine projects have been completed including:

• The refurbishment of the Min Min Encounter in partnership with Boulia Shire Council;
• Upgrades to the runway and ancillary infrastructure at the Archerfield Airport by Archerfield Airport Corporation;
• Road infrastructure to bring forward construction of a new school at Yarrabilba by Lendlease;
• New road infrastructure at Bahrs Scrub by Frasers Property; and
• A new diesel fuel importing infrastructure and facilities at the Port of Brisbane by IOR Terminals Pty Ltd.

More information

For more information about the Building Acceleration Fund:

• call: 07 3452 7880
• email: contact@edq.qld.gov.au