Growth on the menu at brekkie

Townsville Bulletin - - NEWS - TONY RAGGATT

BUSI­NESSES are be­ing en­cour­aged to at­tend a break­fast event in Townsville this month where the re­gion’s strong growth po­ten­tial for ma­jor projects will be out­lined.

Our North, Our Fu­ture, the Vi­sion for North­ern Queens­land In­fra­struc­ture, is be­ing held by Re­gional De­vel­op­ment Aus­tralia Townsville and North West Queens­land and In­fra­struc­ture As­so­ci­a­tion of Queens­land at the Townsville RSL on July 20.

RDA com­mit­tee act­ing chair Frank Bev­eridge said fu­ture de­vel­op­ment and em­ploy­ment op­por­tu­ni­ties for the re­gion would be the fo­cus of the event.

“The event will out­line the op­por- tu­ni­ties in­volved in tran­si­tion­ing the re­gion and what this means for the Queens­land in­fra­struc­ture in­dus­try,” Mr Bev­eridge said.

Guest speak­ers in­clude Min­is­ter for Re­sources and North­ern Aus­tralia Matt Cana­van and se­nior econ­o­mist at BIS Ox­ford Eco­nom­ics Adrian Hart.

Se­na­tor Cana­van will dis­cuss the Fed­eral Govern­ment’s strate­gies for the de­vel­op­ment of north­ern Aus­tralia.

Mr Hart will present the key find­ings of the 2017 Queens­land Ma­jor Projects Pipe­line re­port and the in­fra­struc­ture chal­lenges and op­por­tu­ni­ties for North Queens­land.

IAQ CEO Steve Ab­son said the project pipe­line re­port iden­ti­fied $ 39.1 bil­lion of ma­jor con­tracts over the next five years across the state.

“The re­port iden­ti­fies North Queens­land as the re­gion with the strong­est growth po­ten­tial,” Mr Ab­son said. “There’s enor­mous op­por­tu­ni­ties to stim­u­late growth within re­gional Queens­land.”

North Queens­land projects listed as com­menc­ing or hav­ing a pos­si­ble start in the cur­rent fi­nan­cial year in­clude the $ 515 mil­lion Haughton River and Pink Lily La­goon Bruce High­way up­grade, the $ 51 mil­lion Cleve­land Bay treat­ment plant re­pair and up­grade, an $ 800 mil­lion North Queens­land power sta­tion, the $ 250 mil­lion Townsville sta­dium, $ 225 mil­lion Ross River so­lar farm, $ 140 mil­lion Kennedy En­ergy Park wind and so­lar farms, $ 120 mil­lion Kid­ston so­lar project, the $ 96 mil­lion Collinsville so­lar farm, $ 400 mil­lion Can­ning­ton mine ex­pan­sion and $ 320 mil­lion Roseby cop­per mine.

While In­dian com­pany Adani has an­nounced plans to be­gin its huge Carmichael coal and rail projects this year, the re­port lists its $ 4 bil­lion stage one mine and $ 2.5 bil­lion rail project as “un­likely”.

The re­port, com­mis­sioned by IAQ, Queens­land Ma­jor Con­trac­tors As­so­ci­a­tion and Con­struc­tion Skills Queens­land, says there are signs of im­prove­ment for projects and that pub­lic in­vest­ment in in­fra­struc­ture is start­ing to re­cover. To reg­is­ter for the event go to iaq. com. au. Reg­is­tra­tions close on July 17.

STRAT­EGY: Min­is­ter for North­ern Aus­tralia Matt Cana­van will be one of the guest speak­ers at the break­fast event.

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