BRISBANE’S RIVERGATE MARINA SECURES APPROVAL FOR $200M SUPERYACHT EXPANSION
Brisbane could welcome dozens more luxury superyachts annually, becoming a major industry hub in the Asia Pacific after Brisbane City Council recently approved Rivergate Marina’s $200 million superyacht expansion plan.
The multi-million-dollar project will see Rivergate’s existing marina expand into the largest superyacht hub in the region, able to accommodate up to 60 superyachts per year for maintenance and retrofitting.
Rivergate Marina director Tom Hill said the flow-on effects of attracting more superyachts to Queensland would have big impacts on the local tourism economy.
“We had an overseas boat with us last year and the year before, and the weekly charter for this vessel was in the millions, and the flow-on effect for this boat being in our waters for a bit over a week was $2.5 million,” Mr Hill said.
At Tuesday’s city planning committee meeting, councillors were given details of the development application made by Rivergate Marina and its potential economic impact on the city.
Three 35-metre-tall sheds will be built to house superyachts undergoing retrofitting, while hardstand capacity for 10 vessels and two water service berths will also be constructed.
The project is anticipated to host 433 jobs during construction, putting $154.6 million into local business, and host 1,458 jobs post-construction, with $525 million injected into the local tourism economy.
City planning committee chair Adam Allan said the “multifaceted” development would “put Brisbane on the map” in the superyacht industry.
