THE independent Cross River Rail Delivery Authority will be formally established following the successful passage of legislation in Parliament, the Queensland Government announced last week.
Deputy Premier and Minister for Infrastructure, Local Government and Planning Jackie Trad said the Authority would get on with the job of building the project.
"This is another milestone that strengthens our ability to make our number one infrastructure priority Cross River Rail a reality for Queenslanders," Ms Trad said.
"The Delivery Authority takes the politics out of Cross River Rail and will lead the development, procurement and delivery of this city-shaping project.
"It will streamline decision making and maximise the broader city building and economic benefits that arise from Cross River Rail.
"We already know this project will boost the economy by $70 billion and support more than 85,000 jobs."
Ms Trad said the State Government had achieved significant milestones for the Cross River Rail project in less than two years.
"We have re-scoped the project, published the new alignment and submitted the business case to Infrastructure Australia for consideration," Ms Trad said, adding that the Federal Government has agreed to join the Authority and committed funding for further development of the project," she said.
"The Palaszczuk Government has already allocated $850 million to Cross River Rail and I can assure Queenslanders we are continuing our discussions with the Commonwealth for a more significant funding contribution."
The Cross River Rail project consists of a 10.2-kilometre link from Dutton Park to Bowen Hills, with 5.9 kilometres of tunnel under the Brisbane River and CBD. The project will connect to both northern and southern rail networks, and include stations at Boggo Road, Woolloongabba, Albert Street, Roma Street and Exhibition showgrounds.
The legislation will take effect in March 2017 and the appointment of the Authority's CEO and board will be announced early next year.