Billion-dollar supercomputer build confirmed for City of Moreton Bay site

American quantum computing company, PsiQuantum, has announced it will anchor its plans for the world’s first utility-scale quantum computer at Moreton Bay Central, scrapping earlier plans to construct the $1 billion project at Brisbane Airport.

The site is home to a developing precinct slated to host several events during the 2032 Olympic and Paralympic Games in Brisbane. The precinct is also home to the University of the Sunshine Coast’s Moreton Bay Campus and is the future site of a Technical and Further Education (TAFE) Centre of Excellence dedicated to advanced manufacturing.  

Early site works have already begun, with the early works to begin in the coming weeks ahead of a formal groundbreaking in June.  

“PsiQuantum’s mission to build the world’s first utility-scale quantum computer requires speed, agility, and strong partnerships,” PsiQuantum Interim Chief Executive Officer, Victor Peng.

“City of Moreton Bay provides the infrastructure, scalability, and collaborative environment we need to deliver. We look forward to continued partnership with City of Moreton Bay and our partners in the Federal and Queensland governments to move this project forward and realise this technology.”  

City of Moreton Bay Mayor, Peter Flannery said Council’s long-term vision for Moreton Bay Central aligned strongly with the scale and ambition of the PsiQuantum project. 

“This is one of the most ambitious technology projects ever undertaken in the world, and it is happening right here in City of Moreton Bay,” he said.

“It will supercharge Moreton Bay Central, making it one of Australia’s fastest-growing innovation ecosystems, and bring thousands of highly skilled jobs to the City.

“The extensive economic development opportunities it will generate, including the growth of high-potential businesses, will be a game changer for City of Moreton Bay leveraging our strong economic performance, growing population, capital city convenience.

“Opportunities like this don’t come around often and this project will revolutionise our City, highlighting our position as an incubator for innovation and technology.

“We are open to new ideas, epic collaborations and proactive approaches. My message for start-ups and organisations looking for opportunities to build, experiment, and grow, is come and be part of the City of Tomorrow that we are building here at City of Moreton Bay.” 
 
The project will be subject to Council’s usual approval and land disposal processes.