The second report into the Townsville City Deal has been released, detailing the progress of the country’s first City Deal in its key goals of attracting investment, supporting job growth and developing key infrastructure.
Despite the especially severe monsoonal season, key targets of the plan continue to be met according to the Federal Government’s Minister for Cities and Urban Infrastructure Alan Tudge.
“We understand the Townsville economy still faces challenges—especially after the devastating effects of the floods —but the second year of the Townsville City Deal shows we are heading in the right direction and are delivering real projects that generate jobs and support the economy.”
Queensland Deputy Premier and Treasurer Jackie Trad said the City Deal had helped to identify and prioritise transformative projects and create more jobs in Townsville.
“The City Deal has secured full funding for the Port of Townsville Channel Capacity Upgrade—a $193 million project that will ensure the port can accommodate the large cargo and passenger ships of the future,” Deputy Premier Trad said.
“The channel widening project will create 120 full time jobs over six years, support 245 ongoing jobs throughout Queensland and generate more than $380 million in economic benefits over the next 40 years.”
Townsville Mayor Jenny Hill joined Minister Tudge and Deputy Premier Trad in acknowledging the success of the City Deal, particularly its focus on improving water security.
“The City Deal has enabled us to make decisive progress on water security for Townsville through fully-funded projects that are already creating jobs for local residents and will provide the confidence that industry needs to do business in Townsville,” Cr Hill said.