A NEW agreement between State Government agency LandCorp and the City of Joondalup setting the framework for the development of the Ocean Reef Marina was signed today.
The memorandum of understanding, signed by Lands Minister Rita Saffioti, LandCorp chief operations officer Dean Mudford and Joondalup Mayor Albert Jacob and chief executive Garry Hunt, outlines how the two parties will work together to develop the vision, detailed design and delivery of the project in a timely manner.
For more than a decade, the City has invested significant financial and human resources in the project, undertaking numerous studies, investigations, community consultation and approvals required for development.
In September, the State Government announced a funding commitment of $120 million over the life of the project, starting with $35 million over the next four years.
The project is also expected to attract private sector funding of more than $500 million.
It continues to progress with the environmental and planning approvals via a Metropolitan Region Scheme amendment and Public Environmental Review processes submitted for approval and a project team now in place.
LandCorp will lead the development of the marina, working closely with the City of Joondalup and other stakeholders, and construction is expected to start in 2020.
Mr Jacob, who is the former Environment Minister and Ocean Reef MLA, said the signing of the memorandum of understanding was a significant step forward for the project.
“The City of Joondalup has long championed this exciting and visionary project and is committed to working with LandCorp to progress the Ocean Reef Marina development,” he said.
“This world-class project has unprecedented community support and will be a much sought-after tourist, business and residential location.”
Joondalup MLA Emily Hamilton said the project had been “a long time coming”.
“I’m so excited for local residents that the Ocean Reef Marina is now a step closer,” she said.
“The (State) Government went to the last election with a promise to get this project moving and today we’re doing exactly that.
“As any local resident will tell you, this is an amazing part of the world to live and there is so much potential here.”
Ms Saffioti congratulated LandCorp and the City for “coming together to work collaboratively on this project”.
“The new Ocean Reef Marina will create hundreds of jobs, an expected 1000 new dwellings and much-needed facilities for boating and recreation, while also providing a go-to destination for visitors to this state,” she said.
“We are looking forward to realising the vision for this iconic new precinct where tourists, local businesses and new residents can enjoy our magnificent coastline and all it has to offer.”
The project proposes 550 boat pens and more than 200 boat stackers, 1000 houses and apartments, 12,000sq m of retail and commercial space and hotel and short-stay accommodation.