NEWS - $530M GOLD COAST MARINE PRECINCT PLANNED

The master plan for a $530 million expansion of the marine precinct at Coomera, Qld, is reported to be on the verge of completion after more than two years of deliberation.

The 63.5-hectare site on the northern side of the existing Coomera Marine Precinct has been earmarked for one of the largest integrated marine industry developments in the State, said Planit Consulting. The project is expected to create 4800 jobs during its construction and a further 4600 jobs on completion.

The project is to be joint venture between Maritimo, owned by Bill Barry Cotter, and Brisbane-based developer Property Solutions Australia.

Planit Consulting director Boyd Sargeant, who is developing the plans for the joint venture partners, said the project had been deemed to be of "State significance" and a development application would be lodged with the Co-ordinator General's Office soon.

"We have been working through the plans for more than two years and we are very close to finalising our submission,” said Sargeant.

"The plans will deliver another much-needed marina in Coomera and also include facilities for the marine industry, a TAFE, a yacht club, and commercial outlets.

"As part of the project, we will be building a 390-berth marina and a 290-berth drystack storage complex.

"We have developed a plan that is environmentally friendly and yet delivers the functional requirements of a growing marine Industry," he said.

Map: Proposed plan for the new Coomera Marine Precinct, to be jointly developed by luxury boatbuilder Maritimo.