Malcolm Turnbull and Annastacia Palaszczuk are expected to sign Australia's first City Deal on Friday, covering the north Queensland city of Townsville.

The prime minister, Queensland premier and Townsville mayor Jenny Hill will be in Canberra on Friday to endorse the agreement, which will set out funding for major job-creation projects such as the city’s football stadium and rail corridor and establish development benchmarks. The next deals to be unveiled will cover…