The Albanese Government welcomes the review by the Queensland Government of 2032 Brisbane Olympic and Paralympic venues Master Plan.
We understand global conditions are resulting in cost and labour market pressure for all jurisdictions. These have been evident in the construction sector, and it is a good time to review plans to ensure current and likely future conditions are taken into account.
We want to ensure the Brisbane 2032 Olympic and Paralympic Games leave an enduring Games legacy for Brisbane and south east Queensland, as well as the wider State and the nation long after the closing ceremony is over.
That is why we entered a significant 50/50 co-funding with the Queensland Government with capped investment for the Brisbane Arena and funding for 16 new or upgraded venues.
We look forward to participating cooperatively with the review.