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RDATN Economic Recovery and Reconstruction Strategy

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RDATN Economic Recovery and Reconstruction Strategy Regional Development Australia TROPICAL NORTH INC. RDATN Economic Recovery and Reconstruction Strategy Anne Stünzner, Senior Economic Strategist July 1st 2020 Regional Development Australia Tropical North Suite 12A, Ground Floor, The Conservatory 12‐14 Lake St PO Box 2738 CAIRNS QLD 4870 Phone: (07) 4041 1729 [email protected] | www.rdatropicalnorth.org.au RDA Tropical North Inc. Page | 1 Executive Summary Regional Development Australia Tropical North (RDATN) has developed a far‐reaching regional recovery strategy for the post pandemic period. Priority projects across water, ports and roads have been identified as having the greatest influence on the economic sectors of tourism, agriculture, education and small business. Whilst each component of infrastructure development is integrated to provide direct or secondary benefits to each of the four sectors, investment in water and agriculture will consolidate the existing economic base providing necessary diversification in a largely tourism dependent economy. The success of the strategy will depend upon adequate resourcing and acceptance at the three levels of government and collaboration across the wider region. The strategy will promote projects and initiatives that support regional growth through both the traditional economic base of the region, as well as identifying new innovative projects and financing for infrastructure opportunities in the short, medium and long term; that diversify and strengthen the regional economy against future shock. All business and industry are underpinned by a strong regional economy and enabling infrastructure. Water infrastructure is fundamentally the leading force behind building the regional economy in supporting existing core industries like tourism and agriculture. The Lakeland Irrigation Area Scheme (LIAS) will drive economic recovery in the short term and provide regional economic stability in the longer term. To enable projects like the LIAS, there is an opportunity, and in fact an imperative, to cut through much of the red and green tape that is not relevant to regional projects or, in the circumstances, is not reasonable. Increased high value agricultural product to domestic and international markets will be a catalyst for improved roads, airports, and ports; and underwrite the business case for investment into allied small business which make up 94.5% of the economy. RDA Tropical North Inc. Page | 2 Table of Contents Executive Summary ................................................................................................. 2 Background ............................................................................................................. 6 Current Position ...................................................................................................... 6 Building a Recovery Pathway ................................................................................... 7 Building on Current Foundations ............................................................................. 7 Cairns Convention Centre ........................................................................................................................................7 Peninsula Development Road ..................................................................................................................................8 Plastics Project .........................................................................................................................................................8 The 10M Pre‐feasibility Study for the Lakeland Irrigation Area Scheme .................................................................9 The Wangetti Walking Trail ................................................................................................................................... 10 New Infrastructure Investment Pathways .............................................................. 10 Water ................................................................................................................................................................. 10 Gilbert River Irrigation Project ....................................................................................................... 11 Johnstone River Diversion .............................................................................................................. 12 Nullinga Dam .................................................................................................................................. 13 Ports ................................................................................................................................................................. 13 Cairns Marine Precinct ................................................................................................................... 13 Existing Port Facilities ..................................................................................................................... 14 Airport ................................................................................................................................................................. 15 Cairns Airport Commercial Aviation Precinct ................................................................................. 15 Road Infrastructure ............................................................................................................................................... 15 Lakeland to Weipa Link Road ......................................................................................................... 15 Cairns to Mareeba Link Road Upgrades ......................................................................................... 15 Mareeba to Georgetown Link Road ............................................................................................... 15 Ootann Road .................................................................................................................................. 16 Industry Sectors .................................................................................................... 16 Tourism ................................................................................................................................................................. 16 Natural Assets ....................................................................................................................................................... 16 Cairns Gallery Precinct .......................................................................................................................................... 16 Agriculture ............................................................................................................................................................. 17 RDA Tropical North Inc. Page | 3 Education .............................................................................................................................................................. 17 Small Business ....................................................................................................................................................... 18 Waste ............................................................................................................................................. 18 Incentive ......................................................................................................................................... 18 Sustainability .................................................................................................................................. 18 Recommendations ................................................................................................ 19 Water ................................................................................................................................................................. 20 Lakeland Irrigation Area Scheme ................................................................................................... 20 Road Upgrade Fund $200M .................................................................................................................................. 20 Cairns to Mareeba Link Road Upgrades ......................................................................................... 20 Peninsula Development Road ........................................................................................................ 21 Mareeba to Georgetown Link Road (ROSI + $35M) ....................................................................... 21 Ootann Road .................................................................................................................................. 21 Education .............................................................................................................................................................. 22 CQUniversity Cairns CBD Campus .................................................................................................. 22 Art and Culture ...................................................................................................................................................... 22 Cairns Gallery Precinct ................................................................................................................... 22 Projects – Further Assessment $3.5M .................................................................... 22 Gilbert River Irrigation Precinct $500K .................................................................................................................
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