A boom in community infrastructure projects in Queensland presents potential work opportunities for a wide range of operators and contractors in the construction, earthmoving, civil works and related fields in the region over the next few years. In a statement issued on 23 March 2021, Deputy Premier Steven Miles said the SEQCSP (South East Queensland Community Stimulus Program) was part of the Queensland Government's economic recovery plan. SEQCSP includes $100m in shovel-ready projects for councils over the coming three years.
Mr Miles said that the Palaszczuk Government had made an election commitment to deliver an addition $200m over 6 years to the 12 councils in SE Queensland and the $100m being currently announced was the first roll-out of that commitment.
So what are the areas, the projects and what business opportunities could this mean for your business?
Areas and Projects
The 12 councils specifically mentioned are Brisbane City, Gold Coast City, Ipswich, Lockyer Valley, Moreton Bay, Logan City, Redland City, Noose Shire, Sunshine Coast, Toowoomba, Somerset and Scenic Rim.
In making the announcement, Mr Miles noted the many community infrastructure projects which had been progressed as a result of COVID stimulus funding. In Toowoomba, Somerset and Lockyer Valley these included water security upgrades such as at Trunk Water Mains for Meringandan, a new pipeline for Valeview and upgrades to sporting facilities at Fernvale, Lowood and Esk.
On the Sunshine Coast a number of projects are currently under construction and in Ipswich upgrades to the Civic Centre, Small Creek were among projects mentioned.
With the funding offered, it now appears up to individual councils to announce what projects they will commence and progress. Contractors and operators should be watching council websites for tenders and contracts to bid on.
Following the massive rain event which caused significant flooding across areas of SEQ, it would be expected that several councils would be looking at immediate works to repair damaged roads, bridges, causeways and other infrastructure.
Scaling-up to Compete
If you already have contractual agreements in place with councils or their main contractors, you may be fortunate to have work orders flow to you automatically. For others, it may be a case of having to tender for work. Depending on your area of business, any tender process can be complex and highly competitive.
In order to compete successfully for work on these infrastructure projects, you may be looking to or need to scale-up your equipment fleet or acquire new or specialised machinery to handle the work on offer. Having a well-equipped machinery fleet in good condition can be a very positive inclusion in a tender and an important consideration to those assessing the offers.
Jade Equipment Finance is well-placed to assist you with cheap finance on the full range of earthmoving, civil works, construction, road building and other machinery typically used in infrastructure projects.
We finance the full range of yellow goods and wheeled goods including excavators, dozers, skidders, loaders, cranes, rollers, graders, backhoes, trenchers as well as heavy vehicles and fixed equipment such as lighting towers, sheds, mobile project offices and generators. Finance is available for all major brands including Caterpillar, CASE, Komatsu, John Deere, Kubota, Bobcat and Volvo.
With interest rates at current low levels, the timing could be ideal for your business to upgrade, replace or expand your machinery fleet.
We offer a complete portfolio of loan products including:-
Commercial loan products have differences and similarities which are designed and structured to suit different accounting methods, taxation and balance sheet approaches, differing financial objectives and the set-up of business operations.
While we provide an individual consultant to handle your entire equipment finance loan, we strongly advise our customers to refer to their accountant or financial advisor to decide which particular finance product will best meet their financial objectives.
Many businesses are still keen to take advantage of the Instant Asset Write-off and temporary full expensing measures available to eligible businesses for eligible asset acquisitions before the end of this financial year. If that includes you, then Chattel Mortgage would be best suited to realise the benefits of such measures.
All our finance products can be achieved with:-
- No deposit finance
- Low Docs and No Docs Loans
- Pre-approved finance
One of the key differences is the interest rate which applies to each type of loan. We refer you to our Loan Comparison Calculator to see our current cheap rates and to calculate rough estimates. If you’re preparing a tender and incorporating an equipment acquisition, our loan calculator can be a valuable tool to assist you.
We offer the loan comparison calculator so you can quickly see repayment estimates for each of the loan types and the classic equipment loan calculator. With the latter, you can also include any balloon or residual amount you may choose to include in your finance deal. The results generated by our calculators are estimates only but a great planning tool
To receive a firm quote, simply call or contact us online. To get moving quickly, apply for finance online or over the phone.
For a finance quote on equipment to scale-up your fleet to meet new project requirements, Contact Jade Equipment Finance on 1300 000 003
DISCLAIMER: IF MISINTERPRETATIONS, MISREPRESENTATION OR ERRORS EXIST IN THIS ARTICLE, NO LIABILITY IS ACCEPTED. THE INFORMATION IS PROVIDED ONLY FOR GENERAL PURPOSES AND NOT IN ANY MANNER INTENDED AS THE ONLY SOURCE FOR MAKING FINANCIAL DECISIONS. THOSE THAT CONSIDER THEY REQUIRE ADDITIONAL GUIDANCE OR ADVICE SHOULD REFER TO AN INDEPENDENT FINANCIAL ADVISOR.