Exciting plans for a new $2.74 billion marina in Brisbane have been accelerated after receiving priority government backing.
Plans for the North Harbour Marina precinct, in Queensland’s Moreton Bay Region, have been granted a major boost after being declared a Priority Development Area.
The news comes as the Queensland State Government looks to stimulate its economy with almost 8,000 jobs created during the construction phase alone.
The development will feature a 400-berth marina as well as a marina village with retail, tourism and leisure activities to satisfy one of Australia’s fasted growing regions.
North Harbour Project Director, Bryan Finney, said: “The North Harbour Marina PDA will be world-class landmark destination that advances the identity, ecological health and prosperity of South-East Queensland.”
The declaration of a PDA will also deliver additional huge benefits, including a marine industry boom that will attract a significant slice of Australia’s $68 billion marine industry to Moreton Bay.North Harbour Project Director – Bryan Finney
Moreton Bay Mayor, Peter Flannery, said: “The North Harbour PDA is a $2.7 billion project that’s expected to create 7,000 jobs and inject many billions more directly into our local economy.”
This is a huge coup for the Moreton Bay Region and exactly what we need to help us recover from the huge financial impacts of COVID-19 by boosting the construction sector and diversifying local industry.Moreton Bay Mayor – Peter Flannery
Developers North Harbour Holdings and Trask Land Corporation are overseeing the project, expected to be complete by 2035, and it is thought the marina could inject around $707 million into the Moreton Bay Region each year.