Australia Commits Record $7.1B to Brisbane 2032 Olympic Venues

The Queensland and Australian federal governments have reached a landmark funding agreement for the 2032 Brisbane Olympic and Paralympic Games, committing a combined total of A$7.1 billion towards building and upgrading 17 venues, including a new 63,000-seat stadium at Victoria Park and an aquatics center. The federal government is contributing A$3.4 billion, marking the largest investment in sporting infrastructure in Australia's history, with Queensland taxpayers and private financing providing the remainder. This funding deal clears the way for construction to begin, with procurement underway for key projects such as the Sunshine Coast Stadium and other facilities outlined in the 2032 Delivery Plan. The agreement follows months of political negotiation and is expected to leave a lasting legacy of world-class infrastructure for Queensland beyond the Games. Federal Infrastructure Minister Catherine King emphasized the government's commitment to delivering an enduring legacy, while Queensland Deputy Premier Jarrod Bleijie highlighted the partnership as a major milestone. The International Olympic Committee has endorsed the venue plan, signaling forward momentum for Brisbane 2032 after earlier planning delays.