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02 May 2025 by Maja Garaca Djurdjevic

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AMP Capital backs QLD state budget

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By
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2 minute read

AMP Capital has welcomed the Queensland government’s confirmation in the state budget that it will explore private sector funding for a number of assets following the next state election.

AMP Capital head of infrastructure for Australia and New Zealand Paul Foster said AMP Capital is encouraging the government to consult the industry widely and explore a range of sale ownership options such as partnering with the private sector to grow and develop infrastructure assets. 

Mr Foster said AMP Capital is supporting the long-term leases for the port of Townsville and the port of Gladstone.

He said AMP Capital expects that private investment in these existing ports and their supply chains will “promote significant economic growth for the benefit of the local and regional economies and the communities they serve”. 

 
 

“Given the high quality nature of many of the assets under consideration in Queensland, we would expect strong interest in investing in these assets from our funds and customised account clients subject to the state government clarifying the structure and timing of any private sector funding program,” he said.