The governments of Australia and Queensland have reached a historic agreement to secure the construction and modernization of 17 venues for the Olympic Games and Paralympic Games in Brisbane 2032, with a total investment of 4.6 billion euros. This agreement provides financial certainty and establishes a clear framework for collaboration between both levels of government, ensuring that projects are completed on time and within budget. Key facilities include the main stadium with 63,000 seats at Victoria Park and the National Aquatic Center, which will not only be essential for the Games but will also benefit the community in the long term.

As part of the agreement, the Australian Government will contribute 2.2 billion euros, while the Queensland Government will lead the project management. The formalization coincides with the search for a Delivery Partner, a key step to start construction. Additionally, registrations were opened for design and consulting organizations to collaborate with GIICA in planning the 17 venues, ensuring active participation from the private sector and local communities in project execution.

Strategic Collaboration and Long-Term Benefits

The Intergovernmental Agreement is the result of a thorough project validation process that assessed the infrastructure feasibility and confirmed the value of public investment, ensuring efficient and responsible execution of funds. This investment is also supported by a commitment of 8 billion euros for transport infrastructure projects in Queensland, including improvements to Bruce Highway, faster rail connections between Brisbane and Gold Coast, and the first stage of the Sunshine Coast railway connecting Beerwah and Caloundra.

Authorities highlight that historic collaboration between the federal and state governments is key to delivering a world-class Games. Federal Minister Catherine King emphasized that local community involvement will ensure the Games benefit all regions of the country. Meanwhile, the Deputy Premier of Queensland, Jarrod Bleijie, stated that the investment is part of a record 75.2 billion euro infrastructure plan for the next four years, including key improvements to Bruce Highway worth 9 billion dollars, projecting Queensland internationally and strengthening urban development and long-term connectivity.