CQ has big opportunities ahead
THERE are 146 billion reasons today to conclude that Central Queensland is Australia's region of opportunity. And every one of them is a dollar.
A new study – the CQ Major Project Status Report – reveals that all the investment projects planned for completion between now and 2020 total $146 billion, and rising.
The number of projects, and their dollar value, rocketed by nearly 50% in the past year as companies sought to exploit the immense natural resources that lie beneath the ground.
Mary Carroll, chief executive of Capricorn Tourism and Economic Development, which compiled the report, said yesterday the organisation would use the statistics in national advertising aimed at attracting more people to move here from Australia's capitals and to encourage further investment and company relocations.
“This investment augurs well for the future of our great region as the economic powerhouse of Queensland,” she said.
“It demonstrates that major industry development in towns like Rockhampton, Blackwater, Gladstone, Emerald and Yeppoon highlight the need for governments at all levels to focus on critical priority infrastructure networks for our region via roads, rail, airports and ports.”
The report spells out in detail the hundreds of coal, LNG, port, rail, water, community, education and tourism developments that are planned.
“With Rockhampton as CQ's capital, our region has an extremely bright future for employment growth, investment and lifestyle opportunities with the Capricorn Coast posed to be the next Queensland tourism boom destination,” she said.
“This report highlights investment confidence in our region and gives 146 billion reasons why people should invest, live, work and play in Capricorn.”
It shows the proposed Alpha Coal Mine alone will suck in $7 billion while between them just three of the eight liquefied natural gas plants will attract $34 billion.