Waterfront jumps hurdle for $35 million in funding
Council throws RDAF support behind Stage 1
Council’s share for Stage 1 would be $5.3 million, with council’s total contribution $20 million over three stages.
It is estimated that Stage 1 implementation would create more than 300 jobs over three years during construction and more than 100 jobs once operational and contribute an estimated $14 million per annum into the regional economy.
Division 10 Councillor Julia Leu said she was extremely pleased that the majority of councillors voted for the project to proceed to the next phase.
“It has been a long road and a lot of hard work has been put in by a lot of people to make this happen, but more importantly, as I have said all along, the region desperately needs the injection of money that this project will bring to town,” she said.
“There will be very real jobs made immediately not mention all the materials and flow-on benefits to many people and the town.”
The next step in the process is for council officers to prepare an Expression Of Interest (EOI) to submit to the RDAF committee by 5pm tomorrow.
The Far North RDAF committee will shortlist three regional projects by January 11 to put forward to the Federal Government for funding, with the Waterfront considered likely to be one of these.
If this occurs, council will have until February to submit a formal application for RDAF funding.