Townsville Port, a State government-owned corporation, has posted a $15 million net profit for the 2017-2018 financial year based on the entity's annual financial statement. The Townsville Port praised its own performance saying the business “again delivered strong financial results while continuing to deliver major infrastructure investments”. Management of the Port said
Economy
Economic category
Queensland Nickel resurgence exposes Government industrial investment bias
Queensland Nickel exposing political corruption Queensland Nickel CEO, local Townsville resident and Queensland’s richest person, Mr Clive Palmer has laid the blame for Townsville’s poor economic performance squarely at the feet of the Labor Mayor Jenny Hill and the leadership of the Townsville City Council during a $15,000 community funding announcement
Townsville Port in political play with Treasurer Jackie Trad
Townsville Port involved in political hustle The political jostling over major infrastructure funding announcements between local, state and federal government could be adding to the tainted reputation of Queensland and corporate logistic interests on the back of the anti-Adani campaign by the Palzsuzcus government, and a rather bizarre press conference at
How is the Townsville North Queensland economy and employment performing?
Townsville North Queensland quarterly update The Townsville North Queensland economic outlook has seeds of growth and business confidence but official Queensland treasury employment data shows unemployment is still lingering over 10 percent, the Herron Todd White (HTW) Quarterly Economic Snapshot reported this month. The critical drivers of Townsville and North Queensland’s economy
Townsville investment future threatened by leadership snub of federal cities performance scorecard
Townsville investment future at risk Townsville City’s future economic growth and social wellbeing performance dashboard were launched this week by the Prime Minister’s department responsible for Smart Cities, bringing more transparency and accountability to Townsville investment future. The National Cities Performance Framework (NCPF) final report explains the critical scorecard of inputs, outputs
Townsville water security project springs a leak between Mayor and industry leaders – Exclusive.
Mayor and A/CEO in hot water of Townsville water security project The $225 million Townsville water security project principally managed by the Infrastructure and Planning department of the Townsville City Council (TCC) has been delayed even before the project gets started. The Mayor Cr Jenny Hill speaking at the Townsville Water Security
Battery gigafactory crippled by State government distrust of Turnbull City Deal
Battery Gigafactory Feasibility The proposed $2 billion battery gigafactory development on Townsville’s western fringe at Woodstock may not go ahead unless a feasibility study costing $3.1 million is funded by the State government. Labor’s caretaker Premier, Annastacia Palaszczuk had made an election pledge that if re-elected at the November 25 state election,
Why big projects like the Adani coal mine won’t transform regional Queensland
Regional Queensland Queensland election campaigns often focus on big projects for the regions, such as for roads, power plants and mines. But research suggests that mega projects, such as in gas and coal, have not transformed skills or improved employment prospects in regional Queensland. Take away the temporary booms from construction and
Data centre infrastructure boost for Townsville digital industry
North Queensland Regional Data Centre Townsville City Council (TCC) and James Cook University (JCU) have signed off on a cornerstone lease agreement on the newly constructed North Queensland Regional Data Centre (NQRDC) after entering a partnership agreement last year. The TCC and JCU have been seeking out operators for the new facility
Townsville media pulls strings of Mayor for beneficial enterprise elite
Hypocrisy of Townsville’s beneficial enterprise elite The Townsville Bulletin editor-in-chief, Mr Ben English, and a bevy of Townsville’s most influential business leaders have come out in the News Ltd press as a cohort of patriots in support of the embattled Townsville Mayor, Cr Jenny Hill who approved a $18.5 million beneficial