Bringing Macquarie Point to life sooner

first_imgBringing Macquarie Point to life sooner Michael Ferguson,Minister for State GrowthThe inter-generational Macquarie Point waterfront development will be brought to life much earlier than ever envisaged, supporting jobs and stimulating the economy along the way.The Tasmanian Liberal Government is delivering an historic $5 billion infrastructure program across the state, underpinning 25,000 jobs and giving businesses the confidence and continuity they need.A key part of this plan is supporting major investments like the TT-Line vessel replacements, as well as projects like the Macquarie Point development.We will continue to take the opportunity to realise projects that are making a real difference to our state. Projects such as the Macquarie Point development, which has the potential to rival South Bank and other landmark waterfront precincts.The Government will provide $6.6 million this year for the Macquarie Point Development Corporation to continue advancing the site’s development.We will also provide around $71 million over the next three years, with the terms and conditions of the funding required to be worked through. It is expected that commercial land sales and other revenue will offset that amount in the longer-term.Not only will this mean Tasmanians can enjoy this first-class waterfront precinct sooner, but it will provide jobs for the civil and commercial construction sectors.This certainty will get the next development stage to market sooner, over the next three years, providing the foundation for around half a billion dollars of investment to take place, so that this fantastic waterfront precinct can come alive for all Tasmanians to enjoy.Since the Corporation received approval for its masterplan in October 2019, it has undertaken more than 80 per cent of the site remediation, is negotiating with the two shortlisted developers for the first parcel of land ‘The Escarpment’, has built the road and supporting infrastructure, and has undertaken a range of pre-feasibility work for future stages.This has all been achieved within the original grant deed funding.While we have delivered these remediation works under budget, there is still more to do, and now is the time to accelerate this work and attract investment in our state.I look forward to seeing cranes in the sky soon on this city shaping urban renewal project, the likes that Tasmania has not seen before. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:AusPol, Australia, bank, Economy, Ferguson, future, Government, infrastructure, Investment, jobs, market, Minister, project, revenue, sales, TAS, Tasmania, Tassielast_img read more