Watpac’s commitment to 80 per cent local content on the North Queensland Stadium build will not only help drive the local economy but will also address the region’s high unemployment rate, Townsville based Government Senator Ian Macdonald said.
Senator Macdonald said the stadium contract announcement is the confidence boost the North needed, at a time when unemployment rates are high and business confidence low.
“The Stadium, however, and the commitment to local labour and purchasing is much more than just an infrastructure investment,” Senator Macdonald said.
“It is a critical component of the Federal Government’s multi-pronged approach to creating economic opportunities to drive further investment and development in the North.
“The City Deal is a game-changer for the North, and I am pleased to see the Federal Government take the initiative and work together with the state and local government to restore confidence and create jobs in this region,” Senator Macdonald said.
In his role as Chair of the Northern Australia Whitepaper Implementation Oversight committee, Senator Macdonald said the Federal Government is investing heavily in the North as part of its vision for developing Northern Australia.
“Part of my role is not only about advocating investment and development across Northern Australia, but also holding the Federal Government to account when it comes to delivering its commitments.
“Not only is the Federal Coalition delivering on its $100million commitment to fund the stadium, we have also delivered the $75m CRC for the North, provided a $5billion infrastructure loan facility, funded feasibilities for water storage projects, and provided $150million for the Townsville Eastern Access Rail Corridor.
“It is extremely satisfying to be part of this progress, and I Iook forward to local businesses realising the benefits of the Coalition’s long term plan for the region.”