Townsville Airport investment welcomed Townsville Airport received welcome news. A $50 million loan application from the Northern Australia Infrastructure Facility (NAIF) has been approved. The Minister for Northern Australia, Senator Matt Canavan announced the NAIF Boards decision to fund the airport redevelopment plans. The plans include doubling the terminal capacity, improved road
Economy
Economic category
North Queensland woman battle over praise for Singapore military impact
North Queensland woman battle for regional status while property owners settle with Defence North Queensland woman, leading their respective regional councils in a political and economic battle, are ostensibly claiming the spoils from the Singapore Military Training Initiative in a desperate bid to stimulate their economies and win leadership status. North Queensland
Castle Hill lifestyle development attracts Federal funding
Castle Hill Tourist Attraction Castle Hill is Townsville’s iconic landmark. Consultants engaged by the Townsville City Council has identified the hill as an activity activation asset. If developed, it could better retain millennials and local residents seeking a fun lifestyle while attracting more tourist visitors to the floundering economy. The Townsville City
North Queensland building approvals plummet
North Queensland building industry North Queensland building approvals have plummeted in the Townsville region as the head of Master Builders Queensland plead with the Labor State government to bring back the $20,000 First Home Buyers Grant Boost. Master Builders Deputy CEO, Paul Bidwell said; “Something had to be done about the worsening
Greenvale Land owners secure sale contracts with Australian-Singapore Military
Sun Metals Zinc Refinery $300 Million Expansion
Sun Metals Zinc Refinery Expansion Sun Metals Zinc Refinery announced $300 million expansion project of its refinery south of Townsville has been approved for go ahead with the support of the Queensland government. The expansion is expected to increase the refinery's zinc production from around 225,000 tonnes per year to 270,000 tonnes. Sun
Townsville airline new “canary in the coal mine” for Queensland government
Townsville airline market Townsville’s airline market increased recently thanks to international visitor numbers and Tiger Airlines Melbourne service. The domestic and international markets over the medium term however, have been steadily declining. This is especially so in the aftermath of Tiger Airlines flights being cancelled from Melbourne, Jetstar flights from Bali and
Property Council challenges Palaszczuk government plan for economic growth
Townsville real estate industry heads up The Townsville real estate industry knows too well the impact of slow growth as a major regional centre of Queensland over the past 10 years. Now the Property Council of Australia has raised the concerns of poor economic growth in the property industry more broadly in
Townsville water security falls on Hells Gates Dam
Townsville Water Security Townsville water security aspirations have moved a little closer with the $2.2 million federally funded Hells Gates Dam feasibility study confirming the project’s viability, but the short term cost to Townsville’s economy could have negative impacts on the port city. The irrigated agriculture and power project is worth $5.35
Townsville Port reports solid annual profit and reduced tonnages
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