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Infrastructure.

North Lakes’ new $140 million development underway.

January 12, 2019
Horaay Group Australia

Queensland Treasurer Curtis Pitt today announced a new $140 million development will get underway at North Lakes at the start of next year.

Mr Pitt said Stage 2 of the of Westfield North Lakes’ redevelopment positioned the Moreton Bay Region to further build on the positive economic growth and jobs creation recorded this year.

“North Lakes Stage 2 will create approximately 3,000 jobs through the construction phase and another 500 in ongoing retail positions as part of the centre’s ongoing operations,” Mr Pitt said.

“It’s my privilege to be announcing a project that will deliver even more jobs and economic growth to North Lakes and broader the Moreton Bay region.

“By the end of next year this area will be transformed into a 113,000 square metre shopping mecca with 280 retailers an 8-Screen Events Cinema, IKEA and more.

“The Moreton Bay area is one of Queensland’s fastest growing regions and Westfield North Lakes has been a big part of this very positive story.

“The local unemployment rate is 5.8 per cent, well below the latest Queensland trend rate of 6.3 per cent – a figure we are constantly working to chip away at through our $1.6 billion jobs package.

“This includes a $40 million Business Development Fund to stimulate emerging industries and $240 millionSkilling Queenslanders for Work program which will support up to 32,000 Queenslanders back into jobs over the next four years.

“This is how we’ve created 43,800 jobs since the election as compared to the 310 full-time jobs lost every month while the LNP were in power.”

The Treasurer’s announcement comes on the eve of the completion of the first stage redevelopment of Westfield North Lakes, opening tomorrow.

Scentre Group Director of Development Stewart White said since opening in 2003, Westfield North Lakes has grown in tandem with the local community.

“Our investment to further develop the centre is a reflection of our commitment to this area,” Mr White said.

“We believe the completed centre will provide the people of Brisbane’s North with a superior facility that meets their every need.”

The combined investment from Scentre Group and DEXUS Wholesale Property Fund for Stage 1 and Stage 2 is $220 million.

More than 4,700 jobs in construction will have been created for works across Stage 1, Stage 2 and IKEA, with a total 900 jobs in retail, providing significant employment opportunities for Brisbane’s northern suburbs.

Source: News Release, Queensland Government, 25 November, 2015

http://statements.qld.gov.au/Statement/2015/11/25/north-lakes-new-140-million-development-to-get-underway

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$1.162bn Gateway Motorway upgrade Brisbane.

January 12, 2017
Horaay Group Australia

Major works on the $1.162 billion Gateway Upgrade North project were officially launched in Brisbane last week by the Queensland and Australian governments.

At a sod turning event to mark the start of works, Federal Minister for Infrastructure and Transport Darren Chester said the upgrade will include widening 11.3 kilometres of road between Nudgee and Bracken Ridge from four to six lanes.

“The project will improve road safety and reduce congestion for the more than 80,000 motorists who use the motorway each day,” Mr Chester said.

“It will increase capacity and efficiency along this important part of the national road network which is a vital freight route servicing the Port of Brisbane, Trade Coast and Brisbane Airport precinct.

“Ultimately, the upgrade will mean a faster, safer journey to boost freight productivity and improve travel time reliability.

“In what amounts to another major boost for the local economy, around 1000 direct jobs will be supported over the life of the Gateway Upgrade North project, which is expected to be completed in late 2018.”

Queensland Minister for Main Roads and Road Safety Mark Bailey said the motorway upgrade will meet the future transport needs of a rapidly-growing region.

“Major works include building extra lanes, new interchanges, bridges and an off-road shared pedestrian and cycle path along the length of the project,” Mr Bailey said.

“The Nudgee interchange will also be upgraded and the Deagon Deviation between Depot Road and Bracken Ridge Road will be widened to two lanes in each direction.”

The Australian Government has committed $929.6 million to the project, in partnership with the Queensland Government which has committed $232.4 million.

Source: News Release, Urbanalyst, 29, February, 2016

http://www.urbanalyst.com/in-the-news/queensland/3895-work-starts-on-1-162bn-gateway-motorway-upgrade-in-brisbane.html

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