Report shows healthy project pipeline for Mackay region
The updated register lists 489 projects and highlights the project pipeline in the Mackay Isaac Whitsunday region.
Mackay has $1 billion in infrastructure projects planned and $2.7 billion in construction projects; Isaac has more than $15 billion in mining projects, as well as nearly $2 billion in utilities projects proposed; while Whitsunday has more than $6.7 billion in infrastructure projects planned and more than $8 billion in utilities.
GW3 chief executive officer Ms Kylie Porter said the data was sourced through Cordell Connect, Australia’s largest database for residential, commercial, industrial, community, engineering and mining projects.
“The data presented in the register demonstrates the economic strength of the region and provides interested stakeholders with a better understanding of development activity within the region,” she said.
“The total value of projects listed is up $9.3billion from last year, with 38 more projects listed.
“The construction sector is continuing to show signs of ongoing growth with nearly $5.4 billion worth of projects planned across the three regions.
“This is up from the $5 billion worth of projects sitting on the register at the same time last year.”
Ms Porter said the value of planned utilities projects across the region increased from $2 billion in 2019 to $10.5 billion in 2020, with the Whitsunday region, accounting for $8 billion of this increase alone.
Regional Development Australia Mackay Isaac Whitsunday (RDAMIW) chairperson Darryl Camilleri said the level of development projects was a general barometer of the economic prosperity of the region.
“RDAMIW is happy to co-invest toward the provision of this vital information and looks forward to furthering its relationship with Core Logic and GW3 regarding ongoing access and use of Cordell Connect,” Mr Camilleri said.
The project uses the following category definitions:
permanent pieces of public infrastructure such as roads, rail and ports
mining projects including construction and supply associated services
construction of commercial and residential projects
waste, water and energy projects.
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