Funding agreement reached for 2032 Games infrastructure and procurement launched for four key venues

The Australian Government has today announced it will contribute $3.435 billion towards the $7.1 billion cost of building the venues for the 2032 Brisbane Olympics, clearing the way for the start of construction.

Both governments will work together to deliver 17 new and upgraded venues across Queensland including the main Games stadium and National Aquatic Centre.

The Australian Government advised that their funding contribution to the Games Venue Infrastructure Program will be refined and reallocated to ensure legacy Olympic and Paralympic infrastructure is delivered for 2032 and beyond.

The main stadium at Victoria Park will become the new, world-class, 63,000 seat home to AFL and cricket in Queensland and attract major national and international events, leaving a lasting legacy for 2032 and beyond.

During the 2032 Games, this stadium will host the opening and closing ceremonies, as well as athletics events.

To support this new partnership, the Queensland Government will ensure stakeholder and community engagement throughout the venue delivery program and develop a plan that optimises green space at Victoria Park.

Site investigations including environmental studies, geotechnical assessments, engagement and cultural heritage assessments will soon commence at Victoria Park and the National Aquatic Centre site which will also inform the design and delivery of these two major venues at the heart of the 2032 Games' precinct.

The Minor Venues Program has been revised and includes new projects such as a National Aquatic Centre, a Toowoomba Equestrian Centre, a dedicated para-sport facility and an expanded Queensland Tennis Centre.

These are in addition to projects with previously allocated federal funding, including the new Redland Whitewater Centre, the Anna Meares Velodrome and BMX track and Brisbane International Shooting Centre.

Minor venue procurement launched
Minor venue procurement has launched today for work to commence at four key Games venues across the state: Logan Indoor Sports Centre, Moreton Bay Indoor Sports Centre, Barlow Park Stadium upgrade and Sunshine Coast Stadium upgrade.

These are jointly funded venues with the Australian Government, confirmed in last week's Queensland budget, marking official commencement in venue delivery.

Today's landmark new agreement has been reached following project validation work, which determines the Australian Government's final investment, assessing that these projects can be delivered on time and on budget, represent a good use of taxpayer dollars, and will benefit Queensland for decades to come.

These venue projects will ensure the 2032 Games delivers critical and generational infrastructure not just for Brisbane and South East Queensland, but for the wider state and the nation long after the closing ceremony.

This builds on the Commonwealth's $12.4 billion investment in transport projects that Queensland has identified that are not only necessary for the Games, but will also leave a significant legacy when the Olympic flame is extinguished.

This includes critical upgrades to the Bruce Highway from Brisbane to the Sunshine Coast, faster rail from Brisbane to the Gold Coast, and Stage 1 of Direct Sunshine Coast Rail providing a link between Beerwah and Caloundra.