Federal Government to spend $3.4bn on Brisbane Olympics

olympic
A render of the proposed development at Victoria Park.

The Federal Government has released its funding figures for the 2032 Brisbane Olympics with $3.4 billion set aside for infrastructure investment.

The 2024-25 budget includes $2.5 billion for the Brisbane Arena and $935 million for other sporting and entertainment venues across Queensland.

The Federal Government will split the costs with the Queensland Government on hosting the Olympics, with the State to spend $1.6 billion on redeveloping the Queensland Academy of Sport into a track arena.

The federal government will also help out with the development of the Sunshine Coast Rail and Beerburrum to Nambour Rail upgrades ahead of the Games.