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    Coat of ArmsMedia Release
    Minister for Infrastructure and Planning
    The Honourable Stirling Hinchliffe

    Gold Coast Marine Development Project tender received

    Minister for Infrastructure and Planning
    The Honourable Stirling Hinchliffe

    Friday, September 04, 2009

    Gold Coast Marine Development Project tender received

    Plans to reinvent the Gold Coast Spit continue to move forward following the close this week of detailed bids for development between Mariners’ Cove and the Southport Yacht Club.

    Minister for Infrastructure and Planning Stirling Hinchliffe confirmed the final part of the Gold Coast Marine Development Project could now be assessed against the state’s project objectives.

    “My department has advised that they have received one detailed bid for the 2.3 hectares of land and adjacent water that comprises the Southern Development Area,” Mr Hinchliffe said.

    “Three consortiums were short-listed in May this year and invited to submit detailed proposals as part of the competitive process.

    “Unfortunately, as a result of the global financial crisis, two of the three consortiums have had to withdraw their bid and will not be lodging a detailed proposal.

    “The Broadwater International Consortium, which comprises Watpac and the Seymour Group, has lodged a bid for this key Gold Coast development.

    "That bid must now be evaluated against the project objectives and strict value for money criteria before a decision about whether to proceed can be made.

    “The State Government wants to see this important project proceed, but not at any cost.”

    A decision is expected to be made by the end of the year, following a rigorous evaluation process that will assess the viability of the bid and the financial capacity of the bidder to deliver the project.

    The bidders who did not lodge detailed proposals were Broadwater Quays (City Pacific and Leda Holdings) and AIM Consortium (Ariadne Australia, Investec Bank and Abacus Group Holdings).

    The Gold Coast Marine Development Project, would boost the local construction, tourism and marine industries with the potential to create 1200 construction jobs and 300 ongoing positions.

    Bids for the Northern Development Area—8.2 hectares of land and adjacent water between Sea World and the Palazzo Versace Hotel—closed in early August and are currently being assessed by the Department of Infrastructure and Planning.

    Ends

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