14 Sep SeaLink Travel (ASX: SLK) plan to take Townsville tourism to next level – Exciting new $56 million SeaLink tourism infrastructure plan under MLP
SeaLink’s $56 million Market-Led Proposal (MLP) has been given State Government approvals to advance to Stage 2 of the MLP framework. Treasurer Curtis Pitt said it meant Townsville could soon boast a new ferry terminal and integrated transport hub within the Townsville Priority Development Area (PDA) including two new ferry passenger vehicles.
Treasurer and Minister for Trade and Investment
The Honourable Curtis Pitt
Thursday, August 17, 2017
Exciting new $56 million SeaLink tourism infrastructure plan under MLP
SeaLink’s $56 million Market-Led Proposal (MLP) has been given State Government approvals to advance to Stage 2 of the MLP framework.
“This is exactly the kind of MLP we want to see, one which unlocks new private sector investment in Townsville and brings with it real public benefits and a boost to the city’s infrastructure,” Mr Pitt said.
“SeaLink’s plans to work with partners to develop a renewed Breakwater Terminal marine precinct; a new ferry terminal and integrated transport and tourism hub on the southern end of the current Breakwater Terminal, is something that should excite all locals.
“This $56 million development project will transform an ageing site into a thriving tourism precinct and the new ferries will boost connections between Townsville, the Great Barrier Reef Marine Park, Magnetic and Palm Islands, it’s a win win for the people of Townsville and tourists who visit Queensland.
“I’m thrilled to see submissions of this calibre coming to government through the MLP framework, especially in regional centres like Townsville.
“One of the strengths of the MLP framework is that it allows the private sector to leverage their strengths and capabilities to offer a solution that provides a better outcome for taxpayers.”
Minister Assisting the Premier on North Queensland and Member for Mundingburra Coralee O’Rourke said it would be great for jobs and great for the economy.
“Construction of the ferries will be sourced in Queensland and priority will be given to firms committed to indigenous employment opportunities,” she said.
“Construction of the terminal and transport hub will provide up to date amenities for residents and visitors, including more tourist offerings, dining and retail outlets that will be welcomed by travellers.”
Townsville MP Scott Stewart welcomed SeaLink’s commitment to developing local tourism and said the company had the expertise to deliver this project.
“SeaLink’s proposal will improve the range and quality of services available for ferry passengers and is consistent with Government’s broader infrastructure policy objectives for the area,” Mr Stewart said.
“The company already provides water transport services to the communities of Magnetic Island and Palm Island, connecting them directly to Townsville with over 800,000 passenger trips annually.
“The introduction of two new next-generation passenger ferries by 2020 will provide efficient and comfortable amenities, connect communities in the region and continue to open up tourism and transport between Townsville, the islands and the Great Barrier Reef Marine Park.”
Member for Thuringowa Aaron Harper said he hoped to see more local proposals submitted through the revised MLP framework.
“The recent update to the MLP Guidelines has allowed proponents to engage with government sooner and give their proposals a better chance of success,” he said.
“I know Treasury is currently discussing a number of other exciting proposals with proponents throughout Queensland and I want to see Townsville submissions leading the way.”
Townsville Mayor Jenny Hill said the project was a $56 million vote of confidence in Townsville’s tourism industry and economy.
“SeaLink’s proposal will deliver a new, high quality tourism facility at no cost to the ratepayers,” Cr Hill said.
SeaLink Regional General Manager NQ & NT Paul Victory said the company was excited to further develop its presence in Townsville.
“Along with Tourism Queensland, Townsville Enterprise and Townsville City Council, SeaLink Queensland is proud to promote Magnetic Island and the islands across the Marine Park’s tourism opportunities,” he said.
“We’re excited by the prospect of a long term future in Townsville and we plan to introduce more tourism products and opportunities for visitors and the local community to enjoy.
“We have partnered with Queensland and Townsville-based developer Honeycombes Property Group and we’re working in consultation with the Port of Townsville Limited (POTL) to deliver this project.
“While the final format for the terminal has not yet been determined, the site will boast an integrated tourism and transport hub and may also include commercial property, short and long-term accommodation and public space for tourists and locals.”
SeaLink’s proposal takes its place as the State’s seventh MLP approved to Stage 2 to develop a detailed business case for consideration.
For more information about market-led proposals visit: www.treasury.qld.gov.au/mlp
For more investor news, and SeaLink’s Annual Report:
SeaLink’s Investor News Sept 2017 SeaLink’s Annual Report 2017