Latest news with #CatherineKing
Straits Times
15-07-2025
- Business
- Straits Times
Australian govt confirms A$3.4 billion funding for 2032 Brisbane Games venues
Brisbane was awarded hosting rights for the Games in 2021 but political wrangling over the venues meant the final plans were not decided until March this year. – The Australian government has confirmed that it will contribute A$3.435 billion (S$2.88 billion) towards the A$7.1 billion cost of building the venues for the 2032 Brisbane Olympics, clearing the way for the start of construction. Queensland taxpayers and private finance will provide the balance of the money for the 17 new and upgraded venues for the Summer Games under the funding deal announced by the state and federal governments on July 3. 'The Sydney 2000 Games left an incredible legacy and many Australians have memories that have lasted for decades,' Federal infrastructure minister Catherine King said in a statement. 'We are ready to deliver a Brisbane 2032 Games that will leave the same incredible legacy for Queensland. 'The Australian government's commitment of A$3.4 billion towards the Games venues is the single largest contribution any Australian government has made towards sporting infrastructure in this country.' Brisbane was awarded hosting rights for the Games in 2021, but political wrangling over the venues meant the final plans were not decided until March 2025. Organising committee chief Andrew Liveris welcomed the announcement as a 'significant shift in forward momentum'. 'I thank the Australian and Queensland governments for moving swiftly following the Australian government's recent return to office to agree on intergovernmental funding that will ensure physical works can get under way,' he said. Top stories Swipe. Select. Stay informed. Business MAS records net profit of $19.7 billion, fuelled by investment gains Business Singapore financial sector growth doubles in 2024, assets managed cross $6 trillion in a first: MAS Singapore $3b money laundering case: MinLaw acts against 4 law firms and 1 lawyer over seized properties Singapore Man charged with attempted murder of woman at Kallang Wave Mall Singapore Ex-cleaner jailed over safety lapses linked to guard's death near 1-Altitude rooftop bar Singapore Real estate firm PropNex donates $6 million to Community Chest for 25th anniversary Singapore Sengkang-Punggol LRT gets 15.8 per cent capacity boost with new trains Singapore 'Nobody deserves to be alone': Why Mummy and Acha have fostered over 20 children in the past 22 years The main stadium, which is estimated to cost A$3.7 billion, will be built in the city's Victoria Park and seat 60,000 during the Olympics, and 3,000 more for Australian Rules football and cricket matches after 2032. A new aquatics centre to host swimming will also be built nearby at an estimated cost of A$650 million. 'Today's landmark agreement is the beginning of a new partnership that sets the pathway to deliver 2032 as the best Games ever,' said Queensland's Deputy Prime Minister Jarrod Bleijie. We've also launched procurement on four key projects to kickstart the delivery of world-class venues in the delivery plan. 'I can also announce that we will start site investigations at Victoria Park for Australia's most exciting sporting precinct, which will be home to the new main stadium and the new National Aquatic Centre.' Liveris said in May that he did not think any ground would be broken on the two major new venues until the end of 2026. The federal government has already committed A$12.4 billion for local transport improvements that the Queensland government believes are necessary for 2032, the statement said. In other news, National Hockey League players will take part in the 2026 Winter Olympics in Italy for the first time in 12 years. In a meeting on July 2 at the International Olympic Committee headquarters in Switzerland, representatives from the NHL, the players' association, and the International Ice Hockey Federation (IIHF) executed an agreement confirming the players' participation next winter in Italy. The agreement also covers NHL players taking part in the 2030 Winter Games in France. 'This is a tremendous day for international ice hockey and for fans across the globe,' IIHF president Luc Tardif said. 'At the initiative of the IIHF, we have worked collaboratively with NHL and NHLPA in close collaboration with the IOC and Milano Cortina Organising Committee to make this a reality. Bringing the best players in the world back to the Olympic Games in 2026 is a major step forward for our sport.' NHL players last took part in the Olympics in Sochi, Russia in 2014. REUTERS
GMA Network
04-07-2025
- Business
- GMA Network
Australia govt confirms $2.2-B funding for 2032 Brisbane Olympics venues
A view of the city skyline of Brisbane, the city expected to be announced as host for the 2032 Olympic Games, in Brisbane, Australia. Picture taken July 4, 2021. REUTERS/Jaimi Joy/File Photo SYDNEY - The Australian government has confirmed it will contribute A$3.435 billion (US$2.25 billion) towards the A$7.1 billion cost of building the venues for the 2032 Brisbane Olympics, clearing the way for the start of construction. Queensland taxpayers and private finance will provide the balance of the money for the 17 new and upgraded venues for the Summer Games under the funding deal announced by state and federal governments on Thursday. "The Sydney 2000 Games left an incredible legacy and many Australians have memories that have lasted for decades," Federal Infrastructure Minister Catherine King said in a statement. "We are ready to deliver a Brisbane 2032 games that will leave the same incredible legacy for Queensland. "The Australian government's commitment of A$3.4 billion towards the Games venues is the single largest contribution any Australian government has made towards sporting infrastructure in this country." Brisbane was awarded hosting rights for the Games in 2021 but political wrangling over the venues meant the final plans were not decided until March this year. Organising committee chief Andrew Liveris welcomed Thursday's announcement as a "significant shift in forward momentum". "I thank the Australian and Queensland governments for moving swiftly following the Australian government's recent return to office to agree on intergovernmental funding that will ensure physical works can get underway ..." he said. The main stadium, which is estimated to cost A$3.7 billion, will be built in the city's Victoria Park and seat 60,000 during the Olympics and 3,000 more for Australian Rules football and cricket matches after 2032. A new aquatics centre to host the swimming in 2032 will also be built nearby at an estimated cost of A$650 million. "Today's landmark agreement is the beginning of a new partnership that sets the pathway to deliver 2032 as the best Games ever," said Queensland's Deputy Prime Minister Jarrod Bleijie. "We've also launched procurement on four key projects to kickstart the delivery of world-class venues in the delivery plan. "I can also announce that we will start site investigations at Victoria Park for Australia's most exciting sporting precinct that will be home to the new main stadium and the new National Aquatic Centre." Liveris said in May that he did not think any ground would be broken on the two major new venues until the end of 2026. The federal government has already committed A$12.4 billion for local transport improvements that the Queensland government believes are necessary for 2032, the statement said. ($1 = 1.5235 Australian dollars) —Reuters
Express Tribune
04-07-2025
- Business
- Express Tribune
Aus confirms $2.2 billion funding for Brisbane Games
A view of the city skyline of Brisbane, the city which has been awarded the hosting rights for the 2032 Olympic Games. PHOTO: AFP The Australian government has confirmed it will contribute A$3.435 billion ($2.25 billion) towards the A$7.1 billion cost of building the venues for the 2032 Brisbane Olympics, clearing the way for the start of construction. Queensland taxpayers and private finance will provide the balance of the money for the 17 new and upgraded venues for the Summer Games under the funding deal announced by state and federal governments on Thursday. "The Sydney 2000 Games left an incredible legacy and many Australians have memories that have lasted for decades," Federal Infrastructure Minister Catherine King said in a statement. "We are ready to deliver a Brisbane 2032 games that will leave the same incredible legacy for Queensland. "The Australian government's commitment of A$3.4 billion towards the Games venues is the single largest contribution any Australian government has made towards sporting infrastructure in this country." Brisbane was awarded hosting rights for the Games in 2021 but political wrangling over the venues meant the final plans were not decided until March this year. Organising committee chief Andrew Liveris welcomed Thursday's announcement as a "significant shift in forward momentum". "I thank the Australian and Queensland governments for moving swiftly following the Australian government's recent return to office to agree on intergovernmental funding that will ensure physical works can get underway ..." he said. The main stadium, which is estimated to cost A$3.7 billion, will be built in the city's Victoria Park and seat 60,000 during the Olympics and 3,000 more for Australian Rules football and cricket matches after 2032. A new aquatics centre to host the swimming in 2032 will also be built nearby at an estimated cost of A$650 million. "Today's landmark agreement is the beginning of a new partnership that sets the pathway to deliver 2032 as the best Games ever," said Queensland's Deputy Prime Minister Jarrod Bleijie. "We've also launched procurement on four key projects to kickstart the delivery of world-class venues in the delivery plan. "I can also announce that we will start site investigations at Victoria Park for Australia's most exciting sporting precinct that will be home to the new main stadium and the new National Aquatic Centre." Liveris said in May that he did not think any ground would be broken on the two major new venues until the end of 2026. The federal government has already committed A$12.4 billion for local transport improvements that the Queensland government believes are necessary for 2032, the statement said.
Hamilton Spectator
03-07-2025
- Business
- Hamilton Spectator
Brisbane Olympics 2032 main stadium gets major funding boost from federal, state governments
BRISBANE, Australia (AP) — Queensland state officials said Thursday they had secured a deal with the federal government for the 2032 Olympics in Brisbane which commits 50-50 funding for minor venues and 1.2 billion Australian dollars ($788 million) toward a new main stadium at Brisbane's Victoria Park. The federal government is set to invest more than 3.4 billion Australian dollars ($2.23 billion) in the Games — the single largest contribution towards sporting infrastructure in Australia's history, federal Infrastructure Minister Catherine King said. 'It is about ensuring that when we hand the keys back after the closing ceremony, Queensland has the infrastructure it needs to build on this incredible legacy for decades to come,' King said. The centerpiece of Brisbane 2032 is a proposed 63,000-seat stadium at the inner-city Victoria Park. Investigative works at the site have begun with geotechnical studies and soil sampling ongoing. Brisbane 2032 chief executive Andrew Liveris welcomed the agreement and said he hopes construction will begin at major venues by the end of 2026. 'Today marks a significant shift in forward momentum following the Queensland government's announcement in March of its 2032 Delivery Plan,' Liveris said. The International Olympic Committee has backed the Queensland government's 2032 venue plan after several false starts, saying the Brisbane Games are 'on the right path.' In May, Kirsty Coventry was in Brisbane for a three-day inspection visit before she took over as IOC president. AP Olympics at
Yahoo
03-07-2025
- Business
- Yahoo
Brisbane Olympics 2032 main stadium gets major funding boost from federal, state governments
BRISBANE, Australia (AP) — Queensland state officials said Thursday they had secured a deal with the federal government for the 2032 Olympics in Brisbane which commits 50-50 funding for minor venues and 1.2 billion Australian dollars ($788 million) toward a new main stadium at Brisbane's Victoria Park. The federal government is set to invest more than 3.4 billion Australian dollars ($2.23 billion) in the Games — the single largest contribution towards sporting infrastructure in Australia's history, federal Infrastructure Minister Catherine King said. Advertisement 'It is about ensuring that when we hand the keys back after the closing ceremony, Queensland has the infrastructure it needs to build on this incredible legacy for decades to come,' King said. The centerpiece of Brisbane 2032 is a proposed 63,000-seat stadium at the inner-city Victoria Park. Investigative works at the site have begun with geotechnical studies and soil sampling ongoing. Brisbane 2032 chief executive Andrew Liveris welcomed the agreement and said he hopes construction will begin at major venues by the end of 2026. 'Today marks a significant shift in forward momentum following the Queensland government's announcement in March of its 2032 Delivery Plan,' Liveris said. Advertisement The International Olympic Committee has backed the Queensland government's 2032 venue plan after several false starts, saying the Brisbane Games are 'on the right path." In May, Kirsty Coventry was in Brisbane for a three-day inspection visit before she took over as IOC president. AP Olympics at The Associated Press
