Menu
News

Chance to invest in infrastructure for Ripley Valley

Contributed

THE enormous Ripley Valley development south of Ipswich could have its electrical "poles and wires" delivered by the private sector, as the government walks its talk on cutting costs.

The master planned community from Japanese builders Sekisui House will eventually include 4000 homes with a population expected to eclipse 10,000.

Speaking at the Queensland Media Club in Brisbane on Tuesday afternoon, Premier Newman was quizzed about when he would look into selling off power assets.

Mr Newman said he was not looking to sell off chunks of power assets, but was instead focussed on working with corporations to save government money.

He said Energex would offer private companies a chance to invest in electricity infrastructure for Ripley Valley, under the watchful eye of Treasury.

The group would form of a joint venture or private-public-partnership.

"The private sector - super funds and the like - could invest in some very clear guidelines and actually receive a return on the money they put into that infrastructure," Premier Newman said.

"We are working on that right now."Treasury, Department of Premier and Cabinet were both tackling the issue, he said, and Powerlink, Ergon and Energex would be expected to prepare their own plans.

When asked if he knew of firms keen to invest, Mr Newman conceded he was not aware of any interest so far.

"I'm pretty confident there is (interest)," he said.

"People can get a long-term, stable return, which is most attractive to super funds."It's a win-win for Queensland.

"We see the capital expenditure we would have to have funded as a government paid for by someone else."

The first residents of Ripley Valley are due to move in before the end of 2014 as part of the project's first stage.

Topics:  campbell newman ripley valley development sekisui house


Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

‘See ya mum’: Son off to jail again

After years of campaigning, Queensland teenagers will now be held at juvenile prisons until reaching the age of 18. (Pic: supplied)

“Time has run out for you,” an Ipswich Magistrate told a 20-year-old

Crime spree on Ipswich Mwy 'ends with a thud'

Easter traffic congestion on the Ipswich Motorway.
Photo: Sarah Keayes / Queensland Times

Erratic driving ended when driver crashed into side barrier

Courier steals 10 iPhone Xs worth $19K

APPLE HEIST: Kosega Tautau, 22, leaves the Ipswich Court yesterday.

When he arrived at the depot, police were waiting

Local Partners