However, budget papers have revealed the cost has jumped by an extra $25 million months into work, taking the total cost to $175 million.
The extra money will pay for energy-efficient airconditioning and LED and sensor lighting that had not been budgeted for in 2018.
Arts Minister Leeanne Enoch said the extra funds were for “potential COVID-19 cost impacts, but will also enable structural and facade improvements and other design enhancements to deliver even more for artists, arts workers and audiences”.
“Throughout 2020, projects like The New Performing Arts Venue have faced new challenges due to COVID-19 and the implementation of necessary social distancing measures,” she said.
The state’s largest infrastructure project, Cross River Rail, needed no extra money for “potential COVID-19 cost impacts”.
LNP arts spokesman Christian Rowan said it was “no wonder” the state Labor government had to borrow billions of dollars more in this year’s budget if projects were breaking the bank.
“Labor can spin it anyway they like, but this project isn’t on time or on budget,” he said.
“The Palaszczuk government has made a habit of blowing the budget on major projects, and Queensland taxpayers are the ones to foot the bill.”
Once construction is complete, QPAC will become Australia’s largest performing arts centre, delivering capacity for an extra 260 performances and 300,000 visitors each year.