Soaring coal royalties give Qld infrastructure spending a boost

Queensland coal royalties would soar to a record A$3.7-billion in the 2018 financial year, the Queensland Resources Council (QRC) predicted on Tuesday. QRC CEO Ian Macfarlane said the A$536-million increase on the government’s previous royalty estimates would allow the state government to increase infrastructure spending by A$1.4-billion to A$11.5-billion, and a total of A$45-billion in infrastructure over four years.