Marine industry precinct for Bundaberg
Premier Annastacia Palaszczuk said the development would create more than 400 in construction phase alone.
"My Government is determined to develop the infrastructure and deliver the services to regional Queensland. Through the publicly owned Gladstone Ports Corporation, it has reached an agreement to use vacant land at the Port to create new opportunities and new jobs for the Bundaberg region," she said.
GPC chairman Leo Zussino said they were continually looking for opportunities to expand the Port of Bundaberg.
"This development will have a catalyst effect and generate confidence and consequently more development and growth for the port," he said.
The agreement designates land for Pacific Tug use for 25 years, with an option for another 25 years.