Iwasaki Group's resort upgrade gets Newman's attention

THE Iwasaki Group's proposed upgrade of the Capricorn Resort and development of a 300-suite resort has gained a powerful political ally.

Queensland Premier Campbell Newman met with Iwasaki Group president Yoshitaro Iwasaki in Japan this week and liked what he heard during a briefing on the massive Capricorn Coast tourism project.

Indeed his words indicate the Premier will do what he can to fast-track the project while adhering to approval requirements and strict environmental guidelines.

"This proposal from Iwasaki Group could not have come at a better time,'' an enthusiastic Mr Newman told The Morning Bulletin yesterday after returning to Brisbane.

"My government has prioritised tourism as one of Queensland's four economic pillars and the international market has responded.

"This proposed development is recognition of how quickly the tourism industry has matured under the Newman Government, and the esteem with which the spectacular region of Yeppoon is regarded internationally.''

The company plans to spend up to $350 million on the proposal which would cater to all age groups and both international and domestic visitors.

"The development would create jobs during construction, not to mention the ongoing operational jobs that would follow,'' Mr Newman said.

The Morning Bulletin broke the story about the Iwasaki Group's vision for its Yeppoon holdings in June. In addition to the upgrade and new resort, there will be an eco-retreat and wellness centre, residential community and village centre to cater for more than 15,000 residents once fully realised.

Iwasaki promises an emphasis on sustainability and conservation of natural wetlands and habitats.


To cater to more than 15,000 residents once fully realised

Provide up to 10,000 full-time jobs over the next 20 years.

Footprint represents less than 15% of 9000ha property

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