Queensland boosts infrastructure spend, turns green

The Australian state has kick-started long stuck infrastructure projects and plans a stream of green bonds to stimulate growth in the post-mining boom economy. But it remains challenging to lure risk-averse private investors into projects.
Queensland is busy trying to cut its reliance on the boom-and-bust coal mining industry by developing a renewable energy industry and upgrading its infrastructure to cater to a growing number of tourists.
 
“We are more than a rocks and crops economy,” the Treasurer of Queensland, Curtis Pitt said last month in Hong Kong, as he courted an audience of potential investors with his vision for a more service-driven economy.
 
Attracting risk-averse private money to pay for the required overhaul of the northeastern Australian state's infrastructure remains a challenge though.
 
To that end,...
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