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Premier Anna Bligh says asset sales will allow the Queensland Government to invest in new projects, such as an underground metro rail system in Brisbane.
She says Brisbane's booming population will need a public transport system like the London Tube by 2030.
She says all levels of Government and the private sector would have to fund the multi-billion dollar project.
Ms Bligh says planning needs to start now.
"These are the sort of big dreams we can have if we can take the tough decisions that get our budget back into surplus," she said.
Opposition Leader John-Paul Langbroek says there is nothing concrete.
"I think it is pie in the sky and the people of Queensland would like to have properly planned, properly costed, properly budgeted, infrastructure," he said.
The Government says planning is already underway for a new $8 billion rail tunnel under the Brisbane River and new city stations, to be built by 2016.
Meanwhile, the executive director of a peak infrastructure body says it is critical that planning starts now for an underground rail network in Brisbane.
Infrastructure Partnerships Australia spokesman Brendan Lyon says governments must get people off roads and onto rail.
"Certainly rail needs to be a primary consideration, as does the completion of urban road networks and the reservation of long-term corridors," he said.
"When you look at the growth pressures that Queensland's facing, they're unprecedented.
"That means action needs to be taken now so that you have future corridors, so that we don't repeat the planning mistakes of the past."
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