Maroochydore City Centre Infrastructure Agreement: What You Need to Know
The Maroochydore City Centre Infrastructure Agreement is a significant undertaking that seeks to transform Maroochydore, the central business district of the Sunshine Coast, into a thriving hub of economic activity. This agreement was signed between the Sunshine Coast Regional Council and SunCentral Maroochydore Pty Ltd, the developer responsible for the project.
The infrastructure agreement outlines the key infrastructure projects that are necessary to support the development of the Maroochydore City Centre. These projects include the construction of new roads, bridges, cycleways and pedestrian paths, as well as the provision of water, sewerage and stormwater facilities.
The agreement also sets out the funding arrangements for these projects. The developer, SunCentral Maroochydore Pty Ltd, has committed to contributing $390 million towards the infrastructure projects over the next 20 years. The Sunshine Coast Regional Council will contribute $143 million towards these projects.
These infrastructure projects are crucial to the success of the Maroochydore City Centre development. They will enable the creation of new commercial, residential and retail spaces, as well as new public spaces such as parks and plazas. These projects will also help to reduce traffic congestion and improve access to public transport, making the area more accessible and attractive to residents, workers and visitors.
In addition to the infrastructure projects, the Maroochydore City Centre development also includes a range of sustainable initiatives. These initiatives include the use of renewable energy sources, the installation of energy-efficient lighting and appliances, and the promotion of sustainable transport options such as cycling and walking.
As a professional, it`s important to note that this development is set to have a significant impact on the Sunshine Coast`s economy and should be of interest to anyone looking to invest in the area. The Maroochydore City Centre development is expected to create around 15,000 new jobs and generate a significant amount of economic activity over the next 20 years.
Overall, the Maroochydore City Centre Infrastructure Agreement represents a significant step forward in the development of the Sunshine Coast`s central business district. By investing in key infrastructure projects and promoting sustainable initiatives, this development has the potential to transform Maroochydore into a thriving hub of economic activity, while also providing a range of benefits to the wider community.