The Queensland government has announced plans to invest $242.4m (A$355.8m) for an expansion and renovation of Princess Alexandra (PA) Hospital.

In a joint statement, Premier of Queensland and Minister for Olympics Annastacia Palaszczuk and Minister for Health and Ambulance Services Yvette D’Ath revealed that the project will add 257 more beds to the hospital.

Palaszczuk said: “This significant investment includes $238.4m (A$350m) for a major expansion that will deliver around 249 extra beds by 2026, as well as $3.95m (A$5.8m) for a refurbishment of the renal unit that will deliver eight extra beds next year.

“The PA Hospital is one of Queensland’s largest teaching hospitals and this substantial investment will ensure it can continue to meet increasing demand for healthcare services now and into the future.”

The latest project will be taken up under the Queensland Health and Hospitals Plan.

As part of the plan, 2,509 extra beds will be delivered to hospitals over a period of six years – including 199 beds in 2023 and 239 additional beds in 2024.

This is in addition to 869 beds that are being delivered under existing expansion projects.

D’Ath said that more space will be created above the PA Hospital’s Emergency Department for the new beds.

Provision of more intensive care beds and high dependency beds are also part of the expansion.

The refurbishment part of the project will see redesigning of the existing renal unit and increased inpatient dialysis treatment bays.

Meanwhile, Member for Greenslopes Joe Kelly said: “These infrastructure projects will also provide job opportunities for locals, creating around 871 jobs during construction.”