The previous Morrison government and the state had agreed to evenly split the costs of infrastructure, but the Albanese government has been reviewing that deal.

Premier Annastacia Palaszczuk has previously promised the international sporting events would be “cost-neutral” and not burden Australian or Queensland taxpayers.

The federal government doesn’t want to fund the development of the Gabba – which would add another 8000 seats taking its capacity 50,000 seats and add a new pedestrian plaza – at a speculated cost of up to $1 billion.

The Brisbane Times reported Canberra may instead agree to contribute to other projects, such as the Brisbane Live swimming venue, which would shield it from cost blowouts on the Gabba project.

Acting premier Steven Miles said on Thursday he was not in a position to confirm details of the funding review, which were still being worked out.

“We had a very productive meeting yesterday with the Australian government’s infrastructure minister as well as the Commonwealth Treasurer Jim Chalmers, who is, of course, a Queenslander, and very close to what our plans are for the Olympic and Paralympic Games,” Miles told reporters in Cairns.

“We’re working through the final details of a funding arrangement that will see us deliver what will be fantastic venues for what will be a fantastic games.”

Media reports have estimated the total cost of the games could be as much as $5 billion, with the expected economic windfall to be more than $8 billion.

There will be 32 venues, of which 84 per cent already exist, but the Gabba stadium and the Brisbane Live arena at Roma Street will be redeveloped.