WHY CENTRAL QUEENSLAND CONTINUES TO BE ECONOMIC POWERHOUSE! $159 BILLION REASONS
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WHY CENTRAL QUEENSLAND CONTINUES TO BE ECONOMIC POWERHOUSE! $159 BILLION REASONS
$159 BILLION REASONS WHY CENTRAL QUEENSLAND CONTINUES TO BE ECONOMIC POWERHOUSE! 12th July 2013 Central Queensland continues to be the economic powerhouse of the state, even amidst recent downturn in the booming resources sector. Today, Capricorn Enterprise has released its findings for the regions detailed Major Project Status Report. The report, which involves weeks of detailed research, reveals $159 Billion worth of projects continue to be underway or planned over the next decade. Capricorn Enterprise CEO Mary Carroll said the figure represented nearly a 10 per cent hike in the value of major projects underway and planned for the area since April 2011. The report categories include Coal, Minerals Energy, Rail, Road and Development. Ms Carroll said “In 2009 we hit $100 Billion worth of projects for CQ, which grew in 2011 to $146 Billion. Now in 2013, despite recent downturns, we still have a massive $159 Billion worth of projects underway and planned for the next decade. CQ continues to be the economic powerhouse of the state.” Since the April 2011 Major Projects Status report, a number of projects worth $8 Billion have been completed in the region, including coal, mineral and energy projects, roads and transport infrastructure, and community and schools infrastructure. Completed projects are not included in the 2013 summary. The estimated costs for the new and ongoing major project categories is greater in 2013 than in 2011 with the exception of minerals projects ($7.766B in 2011 and $6.5B in 2013) and rail projects ($6.869B in 2011 and $6.770B in 2013). The 2013 Major Projects report also includes a number of projects which have been identified where costs have yet to be published. Data reported in 2011 but not in 2013 included Ports, Water, Community and Schools (Building the Education Revolution). Ms Carroll said “We have hundreds of major infrastructure and development projects underway or in the pipeline for everything from tourism, resources and energy to construction, roads and rail.” “Whilst media seems to be focussed on the job losses announced, we must remember that businesses are still employing people. These economic fluctuations are part and parcel of our employment cycle and the fact is that a similar number of people were unemployed in the Rockhampton Regional Council boundary in March 2013 (4,070 persons) compared to March 2012 (4,019 persons)” she said. “More telling, is that there has been job growth - in March 2013 there were an additional 1,620 people in the labour force in our area compared to the same time last year“ she said. ....2 The Capricorn Coast and Gracemere continue to emerge as a dormitory areas for the expanding industrial, commercial, retail and residential development occurring in and around Rockhampton. “Central Queensland’s growth is putting pressure on its property market like never before. We continue to see a strong real estate and rental market and the demand for accommodation spilling over from Gladstone to Rockhampton and coastal areas like Yeppoon” she said. ENDS: Mary Carroll Chief Executive Officer, Capricorn Enterprise Ph: 0417 669 286 Est. Cost ($million) Timing 10000 2016 North of Alpha Not available 2022 Alpha West Project Alpha Not available 2027 Alpha West Project Alpha Not available 2018 Arcadia 4km south of Rolleston Not available Not available Arcturus Springsure Not available Not available Baralaba North Baralaba South Belvedere Bluff China First Cook Expansion Curragh (Curragh West) Curragh Expansion Baralaba Baralaba Moura Bluff Alpha Blackwater Blacwater Blackwater 500 300 2814 30 8000 130 200 286 2014 2015 2016 2014 2017 2012 2015 2012 Curragh South (MDL 162) Blackwater Not available 2015 Dawson South Expansion Dingo West Ensham Longwall Moura Dingo Emerald 80 135 1000 2012 2014 2017 Not available 2015 Project Name Location Coal Alpha Coal Project 40km NW Alpha Alpha North Coal Project Laglan Fairhill Coking Coal Fitzroy Terminal Project Jellinbah East (Mackenzie North) Kestrel Expansion Port Alma Bluff Emerald 1400 75 2000 2014 2015 2013 Kevin's Corner 55km north of Alpha 4200 2011-2015 Mackenzie River Emerald Not available 2015 Meteor Downs South (Orion Downs) Rolleston Minyango Blackwater 42 750 2013 2014 Oaky Creek (Phase 2) Tieri 650 Not available Rolleston Expansion (Phase 1) Rolleston Expansion (Phase 2) South Galilee Rolleston Rolleston Alpha 391 400 4200 2014 2014 2015 Springsure Creek Springsure Stage 1 - 743 Stage 2 - 437 2015-16 Styx Tad's Corner (Alpha) Taroborah Taroom Project Teresa Togara North Styx Alpha 22km west of Emerald Taroom Emerald Springsure 250 3400 800 800 750 800 2013 2014 2015 2018 2016 2015 Walton Between Bluff and Dingo Wandoan Expansion Washpool Taroom Blackwater Wilpeena 50km north Blackwater Wilton Coal Project Wonbindi Yamala Yarrabee East Estimated total cost of coal projects Minerals Mt Morgan Gold Gladstone Steelmaking Plant East End Limestone Mt Kroombit Copper-Zinc Marlborough Nickel-Cobalt Gladstone Nickel-Cobalt Refinery Gladstone Steel Making Facility 45km northe east of Emerald Baralaba Comet Bluff Rockhampton Gladstone Gladstone Biloela Marlborough Gladstone Gladstone Estimated total cost for mineral Energy Blackwater to Emerald line rebuild Reinforce supply to Capricorn Coast Central Qld Gas pipeline Blackwater CSG Power Station Arrow Surat Gas Pipeline Callide A Oxyfuel Project Emerald / Blackwater Yeppoon Moranbah / Gladstone Blackwater Surat to Gladstone Biloela Moura CSG Power Station Moura Meridian CSG Field Queensland Curtis LNG Project Not available Not available 9000 368 2020 2013 Not available N/A Not available 2015 150 350 260 55.7B 2014 2015 2013 60 2500 N/A N/A 120 3800 N/A 2016 2014 2015 2016 On hold 2 2010-2013 6.5B 28 23 475 50 600 206 2013 2013 2010 2013 2014 2013 65 Not available Moura Gladstone 17 24400 2011 2014 Southern Cross LNG Gladstone Not available 2015 Australia Pacific LNG Gladstone LNG (GLNG) Arrow Energy LNG Plant - Trains 3 Arrow Energy LNG Plant - Trains 1 &2 Galilee Power Station Fisherman's Landing LNG Plant Dingonose/Duckworth CSG Development Arrow Bowen Gas pipeline Blackwater to Norwich Park gas Blackwater to Gladstone gas Bowen Gas Project Aldoga Gas Power Station Estimated total cost for energy Rail Gladstone Gladstone Gladstone 23000 18000 16000 2015 2015 2017 Gladstone Not available 2018+ Alpha Gladstone 1250 1180 2017 2015 Not available Not available 1000 100 300 500 400 87.6B 2017 2015 2015 2015 2014 200 2012 Rocklands to Stanwell duplication Blackwater Blackwater to Gladstone Glenden to Blackwater Gladstone Rockhampton - between Rocklands and Stanwell Blackwater Power System Strengthening project Wiggins Island Balloon Loop Surat Basin Railway Hancock Galilee Railway Waratah Galilee Railway Dingo to Bluff Duplication Bauhinia electrification Estimated total cost of rail projects Road National Network Sub-total National Network State Network Sub-total State Network Local Network Bluff / Stanwell 195 2012 Gladstone 200 Wandoan 1200 Alpha 2800 Alpha 2000 Blackwater System between Dingo and Bluff 175 From Rangal south to Rollestone Mine Not available 6.8B 2012 2014 2014 2014 Barcaldine (R) Blackall-Tambo (R) Gladstone (R) Longreach (R) Rockhampton (R) Banana (S) Barcaldine (R) Blackall-Tambo (R) Central Highlands (R) Gladstone (R) Longreach (R) Rockhampton (R) Various local governments Banana (S) Barcaldine (R) Blackall-Tambo (R) Central Highlands (R) Gladstone (R) Longreach (R) Rockhampton (R) 39.8 93.9 242.7 75.1 219.6 671.0 141.7 35.3 11.9 129.0 109.0 5.5 76.5 5.0 513.9 0.7 2.0 7.0 2.6 4.0 6.0 8.2 30.3 1.2B Sub-total Local Network Estimated total cost of road projects Development Medium to high density projects Capricorn Coast, Rockhampton, Yeppoon 298.0 Low density projects Rockhampton, Yeppoon 134.6 Resort projects Capricorn Coast 700.0 Commercial projects Rockhampton 29.0 Industrial projects Gracemere, Yepoon 95.0 Estimated total cost of development projects 1.3B Total projects 159.0B mid 2013 mid 2013