THE State Government will commit $105 million to the Ocean Reef Marina project if re-elected at next month’s election.
Premier Colin Barnett, who was on site this morning, said the contribution would deliver the marina development, while the onshore construction – retail, residential and commercial precincts – would be undertaken by LandCorp, the City of Joondalup and private developers.
Mr Barnett said the project, expected to cost $251 million, would attract $500 million in private sector investment and generate up to 300 jobs during construction.
“Around 900 people will gain ongoing employment, either directly or through flow-on benefits, after the marina is complete,” he added.
Last month, the State Opposition also pledged $40 million over four years to drive the project forward.
Shadow Treasurer Ben Wyatt said under Labor’s plan the project would provide a major boost to tourism and create thousands of jobs in the northern suburbs over the life of the development.
He said the project had “suffered years of neglect” under the current State Government.
In October 2015, City of Joondalup council requested the Government take over the project, which it did in September.
It then provided $500,000 to the City to help secure the necessary planning and environmental approvals for the project.
“With planning and environmental amendments out for public comment, a re-elected Liberal Government will work with the City of Joondalup to bring the long-awaited project to completion,” Mr Barnett said.
The marina will include up to 12,000sq m of retail and commercial space, 1000 residences, more than 550 boat pens, 8ha of public open space including play areas and landscaped boardwalks and sea rescue facilities and a helipad.
It is estimated construction work could start in early 2020 and be completed over three years.