$15 Billion in infrastructure projects for the Gold Coast.
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The following $13.2 billion infrastructure projects have been identified as being of significance to the Gold Coast.
Gold Coast Light Rail (G:Link) Stage 2 - $700 Million
Construction was completed on Stage 2 of the Gold Coast Light Rail in December 2017. The 7.3-kilometre route extends the service to the north from the Health and Knowledge Precinct in Southport to Helensvale.
This connects to the heavy rail network and provides a major transport link to Brisbane CBD and Brisbane Airport. Stage 2 has three stations located at Helensvale, Parkwood and Parkwood East. Parkwood Station includes a park n ride with 1,000 car spaces and a 400-space expansion of the existing facility at the Helensvale Station. Recent figures indicate the Gold Coast Light Rail is servicing around 820,000 passengers per month.
Gold Coast Light Rail (G:Link) Stage 3 - $615 million
Planning has begun on Stage 3 of the Gold Coast Light Rail which will take the route from Broadbeach south to Burleigh Heads.
Griffith University Campus
Griffith University Gold Coast Campus, the Gold Coast’s largest university with 18,000 students is expected to increase to more than 25,000 students. The Campus Development Plan outlines the vision for the 70-hectare Southport site, which proposes more intense development on the existing footprint as it prepares for long-term growth on the Gold Coast.
Commonwealth Games - $865.9 million
The Gold Coast will host the Commonwealth Games in April 2018. It will be the first regional city to host the Games in Australia. Just over $865 million is being invested in the upgrade and construction of sporting venues and facilities across the Gold Coast between now and the event in April 2018. A further $75.5 million
has been spent on venues and facilities for the Commonwealth Games in the Brisbane LGA.
A report by Griffith University found the 2018 Commonwealth Games will contribute $2 billion to Queensland’s Gross State Product, create 16,000 jobs, generate an extra $2.6 billion in additional public and private sector projects and attract 627,000 visitors in a $320 million tourism boom.
Gold Coast Airport Masterplan - $300 million
The Gold Coast Airport is Australia’s fastest growing airport and is the fifth busiest international airport in Australia. Passenger numbers are growing with direct flights to New Zealand and Asia along with major Australian cities and regions. More than 6.48 million passengers travelled through the Gold Coast Airport during the year ending June 2017.
This will increase over the 2018 Commonwealth Games period, with more than 126,000 visitors, athletes, officials, and media expected to travel to the Gold Coast. By 2031/32 it is forecast that the Gold Coast Airport will service 16.3 million passengers.
Gold Coast Airport is underway with its terminal redevelopment, Project LIFT, which will increase the airport’s capacity to meet future demand. Driven by long-term passenger growth, Project LIFT has a number of features, including the expansion of the terminal building, five additional aircraft parking stands with
associated taxiways.
Project LIFT will be completed in two stages, with stage one completed late 2017. Stage one features site enhancement work, three new aircraft parking stands and terminal redevelopment. Stage two is expected to commence in 2020 and will include two additional aircraft parking stands. These stages will also include the refurbishment of the existing departure lounges to improve passenger processing, additional seating and enhance retail outlets.
Project LIFT will deliver significant economic benefits for the Gold Coast region, by generating 230 construction jobs and 180 ongoing employees and $62 million in tourism expenditure.
Gold Coast Cultural Precinct $385 million
Covering an area of 16.9 hectares the new Gold Coast Cultural Precinct at Evandale is being developed over the next 10 years. The new precinct will provide a stage and event platform in a garden-style amphitheatre. Artscape works surrounding Evandale Lake will activate artistic programmes, markets, festivals, cinema and family recreation.
The first stage ($37 million) was completed early 2018 and offers a garden style amphitheatre with capacity to hold 5,000 people. Further stages of the Cultural Precinct will include a pedestrian and cycle bridge which will connect the precinct to Chevron Island and on to Surfers Paradise, and a central Art Tower and Great
Hall along with new and refurbished performing arts facilities.
Coomera Town Centre – Stage-1 $500 million with a total of $1.5 Billion
After many years in planning the Coomera Town Centre commenced construction with the first stage of the regional shopping centre will include a 2-level department store, two discount department stores, supermarkets, speciality stores, cinema and mall.
Gold Coast Private Hospital Stage 2 - $50 million
Stage 2 of the Gold Coast Private Hospital is under construction and will increase bed numbers from 284 to 340 and operating theatres to 23. The project was expected to start in 2019 but has been fast tracked to meet demand. The new stage will employ at least another 50 people.
Bundall Road upgrade - $104 million
The Bundall Road upgrade is almost complete and consists of upgrading the section of road between North Street in Southport and Rudd Street in Broadbeach Waters, including High Street, Ferry Road, Bundall Road
and Bermuda Street. The project will deliver three traffic lanes in each direction, provide an off-road shared cycle and restrain pathway and improvements to intersections and bridges.
The following major infrastructure projects have been completed more than 12 months ago and are NOT included in the $13.2 billion figure referenced throughout this report but are also identified as being of significance to the Gold Coast;
Gold Coast Light Rail (G:Link) Stage 1 - $1.8 billion
Stage 1 of the Gold Coast Light Rail project was completed and began operation in July 2014, providing frequent trams, stopping at 16 stations, along a 13-kilometre route. Stage 1 extends from the Health and Knowledge Precinct in the north (serving Gold Coast University Hospital, Gold Coast Private Hospital and
Griffith University campus) and extending through the commercial, retail and recreational centres of Southport, Surfers Paradise and Broadbeach.
Gold Coast University Hospital - $1.76 billion
The Gold Coast University Hospital was completed in late 2013 at a cost of $1.76 billion. It provides a floor space of 170,000 square metres for clinical teaching and research facilities combined with specialised health services. Made up of seven main buildings, the facility provides a final capacity of 750 beds.
Pacific Fair refurbishment - $670 million
Pacific Fair Shopping Centre has undergone a $670 million redevelopment. The shopping centre has expanded to include 420 shops, restaurants and entertainment destinations spread across 150,000 square metres. Pacific Fair is now Queensland’s largest shopping centre and the fourth largest in Australia.
Gold Coast Private Hospital - $230 million
A 284-bed private hospital adjacent to the new Gold Coast University Hospital was completed and opened in March 2016. The Gold Coast Private University Hospital has 13 operating theatres, 24-hour emergency department, intensive care unit, oncology, paediatric, and maternity all supported by pharmacy and
pathology services.
Smith Street upgrade - $119 million
An upgrade to the Smith Street Motorway was completed late 2015 at a cost of $119.4 million. This major road network provides an important connection from the M1 (Pacific Highway) to the employment node of Southport and the Health and Knowledge Precinct and central Gold Coast suburbs.
