The State Government has today announced further funding to help develop Australia’s largest superyacht berthing facility right here on the Gold Coast.
The facility will be built at the Southport Yacht Club and is expected to have the capacity to handle superyachts as large as 162 metres.
State Development Minister Kate Jones said it’s amazing news for the Gold Coast, with the $9 million project expected to create around 30 local jobs during construction.
ARTICLE CONTINUES AFTER THIS ADVERTISEMENT
“The marine industry pumps millions of dollars into the Gold Coast’s economy every year. This multi-million-dollar infrastructure will allow us to take that to the next level,” Ms Jones said.
“This is an industry that has huge growth potential on the Coast. We want to support the marine industry to grow to create more jobs for locals.”
Ms Jones says the hub is vital to rebuilding the Gold Coast economy post COVID-19 and will establish the Gold Coast as an Asia-Pacific superyacht hub.
“Once complete, this hub will pump an extra $2.9 million into the local tourism industry every year,” she said.
Gold Coast Mayor Tom Tate also welcomed the addition of the superyacht berth, saying it perfectly complements the region’s allure as an “international tourism destination”.
“The Gold Coast is now the number one superyacht destination in the country and the economic value this delivers is significant,” he said.
“The council was more than happy to also further support the project with an additional $400,000 in funding to add to our previous $2 million commitment.”
It follows the State Government’s additional $1 million investment today, taking their contribution to the project to $2.87 million.
The planning applications and tenure pathways for the facility are currently in advanced stages of consideration and, if approved, it is expected that construction could commence as soon as the end of July and be completed by December.