“We are actually going to lift this stadium.”

Ms Palaszczuk said the upgrade to the Woolloongabba stadium would increase its capacity to about 50,000.

It would also include a new pedestrian plaza linking the stadium to the Cross River Rail station,which is currently under construction.

Ms Palaszczuk said final details were still being worked out but the upgrade would cost about $1 billion.

She said having a main stadium two kilometres from the CBD would give Queensland an advantage other Games hosts had not had.

Brisbane is in the box seat to host the 2032 Games after the International Olympic Committee named south-east Queensland as its preferred candidate last month.

“In other words – we are not yet at the finish line but we are the closest to it,” Ms Palaszczuk said.

Bid organisers have insisted they can host a cost-neutral Olympic Games,under a plan to use legacy facilities from the Gold Coast Commonwealth Games and Sydney 2000.

The state government had been considering building the main stadium at the Albion Park Raceway site,in Brisbane’s inner north-east,but decided to push ahead with Gabba.

Brisbane lord mayor Adrian Schrinner said he welcomed the redevelopment of the Gabba.

“Council’s investment in the Brisbane Metro will help move tens of thousands of people to the doorstep of this venue,with capacity for high-frequency,24/7 trips,” Cr Schrinner said.

“The Kangaroo Point-to-CBD green bridge will also provide an active travel link direct from the stadium precinct into the heart of the CBD,where residents and visitors can shop,dine and support our local businesses.

“With the Gold Coast’s Carrara Stadium in consideration until recently,the Gabba is the right choice for the 2032 Games and will also benefit countless major events over the decades to come.”