The Prime Minister has today announced the signing of the City Deal Memorandum of Understanding (MOU) with the Queensland Government. This important step fulfils the Coalition Government’s election commitment and places City Deal negotiations for Townsville on track to be finalised.
Townsville based Government Senator Ian Macdonald said today that these developments cement Townsville’s leadership role in the Turnbull Government’s national City Deals program.
Senator Macdonald also advised that the Assistant Minister for Cities and Digital Transformation, Angus Taylor, would be in Townsville next week to progress the City Deal negotiations.
“Dawson MP George Christensen and I met with the Assistant Minister in Canberra this week and were assured of ongoing progress in finalising the deal,” Senator Macdonald said.
“This City Deal is a partnership between Federal, State and local governments that will transform Townsville’s CBD by maximising investment and economic development opportunities across a broad range of sectors.”
The Federal Government’s commitment of $100million for an integrated stadium and convention centre, and $150million for the Townsville Eastern Access Rail Corridor, represent major Federal Government investment in the Townsville region.
Implementation of the City Deal, and the Comprehensive Strategic Partnership with Singapore - and that government’s investment of $1.25billion in the city’s defence infrastructure – will drive a renewed economic tempo in the region, Senator Macdonald said.
“I welcome the fact that the MoU shows the way for other Queensland communities to develop their own City Deals,” Senator Macdonald said.