Medium Term Target: A$1+ billion market cap, page-643

The Morrison Government has today announced funding for three new projects to be funded as part of the Townsville City Deal.

The investment includes:

$12 million for enabling infrastructure to support the Lansdown Eco-Industrial Precinct – Northern Australia’s first environmentally sustainable, advanced manufacturing, processing and technology estate powered by locally generated renewable energy.

This is in addition to a $12 million commitment from the Queensland Government and $4 million from the Townsville City Council

$2 million to fully fund a detailed business case for the proposed a concert hall, which will guide further funding investment for the project under the Deal.

$2 million for a feasibility study into the supply of re-use water for the growing green hydrogen industry in Townsville.

Funding for these projects has been allocated from the Commonwealth’s $195 million commitment to the Haughton Pipeline Stage 2, which is now being delivered by the Queensland Government and Townsville City Council outside the Townsville City Deal.

A further $124 million in Commonwealth funding remains to be reallocated under the Townsville City Deal, with Deal partners in discussions on priorities for this funding.

The Townsville City Deal is a 15-year agreement between all three levels of government to support the development of community infrastructure that will help revitalise the city, enhance liveability and support the growth of industry and enterprise.

date stamp - 28 sept 2021