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Tower Holdings to file GKI resort application

MEMBER for Keppel Brittany Lauga is "pleased" to hear Tower Holdings are having high level discussions with the Northern Australia Infrastructure Facility.

Ms Lauga said she was looking forward to the company making an application to the NAIF in the coming weeks in a bid to kickstart the Great Keppel Island resort.

At a meeting in Sydney in March between Tower Holdings executives and Queensland Government officials, Ms Lauga said she provided information to Tower Holdings about the fund which may help kickstart the project.

Tower had reportedly identified that the cost to deliver infrastructure for the resort in the first stage was a major challenge of sourcing investment.

"I believe Tower making an application to the Federal Government's Northern Australia fund could help finance the cost of the water, power and telecommunications infrastructure which has to be connected to the mainland underwater for about 12 kilometres," Ms Lauga said.

Ms Lauga said she had also offered to host a workshop between Tower and the Livingstone Shire Council to identify alternative staging options.

"Tower did indicate at the meeting that they want to go out and test the investment market again following an increase in international tourists to Queensland and the low Australian dollar," she said.

"The fact is that GKI Resort Pty Ltd holds a 99 year lease for tourism purposes on Great Keppel Island which commenced on 19 September 2014 and development must commence within three years from the commencement of the lease. Tower must also obtain financial security of $80 million by the same date."

Tower timing

Ms Lauga said Tower Holdings must commence the following by 2017:

Decommissioning of existing resort facilities and construction of a four or five-star star resort hotel at Fisherman's Beach

Toilet amenities accessible to the public as required by council

Marina breakwater, dry dock, public sewerage pump out facilities, 50 marina berths, emergency services facilities to a standard approved by the Department of Community Safety, ferry and barge terminal

Associated services infrastructure and research centre

A public airstrip and

Roads and services infrastructure to the leased land.

Canavan's comment

In reply to Brittany Lauga's release regarding Tower and NAIF, Senator Matt Canavan provided this response:

 

"Shorter version of Brittany Lauga's plan for Great Keppel Island: 'I have no plan, make the Federal Government do it. I'm pleased the Federal Government has done something - because Jackie Trad and the Greens won't let me.'"

Topics:  great keppel isalnd resort tower holdings



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