Broadwater Marine Project enters next phase

The proposed multi-billion dollar Gold Coast Broadwater Marine Project has entered the next stage with four consortia short-listed to provide their detailed proposals.

The Deputy Premier and the Minister for State Development, Planning and Infrastructure Jeff Seeney said the four shortlisted proponents were:

·         ASF China Property Consortium

·         Azure Consortium

·         ACPI Consortium

·         Ridong (Gold Coast) Development (RDG).

Mr Seeney said the Queensland Government’s request for Expressions of Interest (EOI), which attracted eight submissions, sought proposals to deliver a cruise ship terminal as part of an integrated tourism development on State Government-owned land on The Spit or on Wavebreak Island.

He said the integrated development could include hotel, casino, marina and super yacht facilities, retail, entertainment, hospitality, community open space and recreation facilities and a mix of residential development.

“All short-listed proponents have included a cruise ship terminal and three of the four included an integrated resort which included a new Gold Coast casino,” Mr Seeney said.

“Short-listed proposals from the national and international consortia varied on the scale and location of development.

“Some proposals included development within the Southport Broadwater, including Wavebreak Island, while other proposals limited development to parts of The Spit.”

Mr Seeney said the Newman Government and the Gold Coast City Council would work to confirm the timing and requirements for the Request for Detailed Proposal stage and engage short-listed proponents to develop detailed proposals accordingly.

“It is still early, with much hard work and negotiation to go, but it is heartening that the market place is showing this level of interest” Mr Seeney said.

“It is important to note the government’s willingness to participate in this exercise is conditional on the proposed developments being subject to rigorous assessment and evaluation in every respect and proceeding without financial or material risk to the State.

“The project represents great possibilities for the Gold Coast and has significant potential to drive growth in Queensland’s construction and tourism sectors, two of the sectors in Queensland’s Four Pillar economic agenda.

“At this point we would expect the Request for Detailed Proposal stage to be completed around mid-year.”    

Details of the four consortia: 

·         ASF China Property Consortium (ASF Group, China Communications Construction Company (CCCC), Guangzhou Dredging co Ltd (GDC) and China State Construction Engineering Corporation Limited (CSCEC)

·         Azure Consortium (SKYCITY Entertainment Group Limited and Brookfield Multiplex Constructions Pty Ltd.)

·         ACPI Consortium

·         Ridong (Gold Coast) Development (RDG).

[ENDS] 5 March 2013

Media Contact: John Wiseman – 0409 791 281 or Kate Haddan - 0418 373 516