City Deal for Townsville
Revitalising the CBD and waterfront, and the $250 million North Queensland Stadium are just two of the opportunities for Townsville that are part of the City Deal Memorandum of Understanding (MoU), signed this week by The Prime Minister and Queensland Premier.
The MoU sets out how all three levels of government will work together to encourage local business and employment opportunities as well as attract international investment in Townsville, and is a framework to negotiate future city deals for Queensland.
Leaders from local, state and commonwealth governments will meet in Townsville on Monday 14 November to discuss commitments towards the City Deal, which is on track to be the first delivered for Australia.
Early opportunities for Townsville include:
- revitalising the CBD and waterfront precinct
- an integrated stadium and entertainment centre (The North Queensland Stadium Project)
- activating the State Development Area – including through delivery of the Commonwealth’s commitment of $150 million for the Townsville Eastern Access Rail Corridor
The City Deal will also build on Townsville’s reputation as a defence hub and leader in tropical and marine research and innovation.