$13 billion tourism investment pipeline in QLD
Queensland Government Media Release 15/02/17:
Strong investor confidence in Queensland’s tourism potential has seen the State’s tourism infrastructure pipeline increase to $13 billion in the past year.
Premier Annastacia Palaszczuk said more than 30 significant infrastructure investment projects proposed for development between now and 2022 were valued at $13 billion.
“These projects located across the state from the Gold Coast to Cairns will create thousands of jobs, inject billions into the economy and make us a more attractive destination for tourists,” she said.
“These are exciting times for tourism. We need to be looking to the future and ensuring that we have the right infrastructure and experiences to meet the needs of the millions of tourists who are coming here now and the millions more we expect in the years to come.”
The tourism infrastructure investment pipeline includes:
$3 billion Queen’s Wharf development
$1 billion Jewel development
$600 million Lindeman Island upgrade
$2 billion Laguna Whitsundays upgrade
$50 million Cairns Aquarium
$100 million Brisbane International Cruise Terminal
“In Brisbane, there are more than $4 billion slated for future hotel and integrated resort development such as Howard Smith Wharves, Queen’s Wharf, Mary Lane and the new Emporium at South Bank,” she said.
“Brisbane Airport’s new runway has also entered its next phase of construction. This project will support more than 2,700 jobs.”
“There is $2.7 billion in infrastructure investment is fuelling development at Lindeman, South Molle and Daydream islands in the Whitsunday region.”
“The Member for Keppel Brittany Lauga and I recently had very positive discussions with Mr Yoshitaro Iwasaki about his proposed $600 million redevelopment of Capricorn Integrated Resort Development at Yeppoon. The proponent estimates the redevelopment will support 19,000 jobs over 20 years.”
“Investing in new tourism assets and improving infrastructure that supports the tourism industry drives real growth in tourism and jobs.”
“Under my Government we have seen a double digit growth in the number of visitors coming to our great State.
An extra 500,000 seats on international flights over under the Palaszczuk Government’s attraction fund.
“There were 2.6 million international visitors in the year ended September 2016, an increase of 17 per cent in holiday travellers,” she said.
“Those international visitors spent $5.2 billion - equivalent of $100 million every week - around the State over the same period.”