An LNP Government will supercharge the Mackay economy and create a wave of new jobs for the region, LNP Leader Deb Frecklington said today.
Ms Frecklington said the LNP’s economic plan for Queensland would take the shackles off the Galilee Basin and boost employment in resources, agriculture and manufacturing.
Ms Frecklington spoke after meeting Mackay business leaders with LNP candidate for Mirani Tracie Newitt and LNP candidate for Whitsunday Amanda Camm.
“The LNP’s plan will supercharge Mackay’s economy,” Ms Frecklington.
“Unlike Labor, I am proud to back the resources industry. An LNP Government will boost the development of the Galilee Basin and create a wave of new jobs for this community.”
Even before the coronavirus recession began, around 9,400 jobs had been lost in the Mackay region under the Palaszczuk Labor Government.
A centerpiece of the LNP’s economic plan for Queensland is a 10-year freeze on resource royalties – a proposal that the industry says will unlock investment in the Galilee Basin.
Ms Newitt said Labor’s hostility to resources had stalled new projects in the Basin.
“Around $50bn worth of projects in the Galilee Basin are on ice because Labor won’t back the resources industry,” Ms Newitt said.
“In total, those projects would create 15,000 new jobs. The LNP will give companies the confidence to invest in Queensland and get those jobs flowing.”
Ms Camm said the LNP would ensure all Queenslanders benefit from the Galilee Basin by diverting all its future royalties into a Queensland Infrastructure Fund to be used to build new schools, hospitals, roads and dams.
“Instead of holding us back like Labor, the LNP wants to unlock this region’s huge potential,” Ms Camm said.
“The LNP’s plan will create more jobs and more funding for infrastructure. It’s a win-win for Queenslanders.”
The key elements of the LNP’s plan to ‘Boost the Basin’ are:
- A 10-year royalties guarantee to provide investment certainty for the resources industry.
- A new Queensland Resources Industry Commissioner to promote the state to international investors (a position terminated by the Palaszczuk Labor Government).
- A faster approvals process, with key performance indicators tracked and published to restore industry confidence in the Queensland Government.
- A new Queensland Infrastructure Fund to collect and invest all royalties from the Galilee Basin in new infrastructure across Queensland.
The LNP’s economic plan for Queensland also includes a no-new-tax guarantee and cheaper electricity prices for regional areas through the introduction of retail price competition – ending Ergon’s monopoly north of Gympie.
This measure would slash the average Mackay power bill by $300 a year.
The LNP will also ensure the Urannah Dam is shovel-ready and deliver the New Bradfield Scheme – the biggest water infrastructure project in Queensland’s history.
And a $20 million Built in Queensland initiative will unleash a manufacturing jobs boom.
“The LNP’s plan for Queensland is bold and ambitious, but the benefits of new jobs and new infrastructure will be huge,” Ms Frecklington said.
“I believe this state has a great future, but we need an LNP Government to make it a reality.
“It’s time to get Mackay and the rest of Queensland working again.”