Major Infrastructure Projects/Investments Sunshine Coast Health Precinct Incorporating the Sunshine Coast University Hospital and Sunshine Coast University Private Hospital, together with the adjacent Health Hub, is one of the largest health infrastructure precincts being developed in Australia and will contribute an estimated $5b to the Sunshine Coast economy and a further estimated $447m per year thereafter from operations.
Aura Aura, formally known as Caloundra South, is a master planned community currently being established on 2,310 hectares south of the existing Caloundra urban area. When completed, it will provide approximately 20,000 dwellings to a population of around 50,000 people. The creation of Aura is estimated to deliver 20,000 jobs over the life of the project and expenditure of $3b on civil and infrastructure works during development.
Harmony Housing Estate The $3b Palmview master planned community, known as Harmony, comprises three key development areas each providing a range of residential, commercial and retail opportunities.
Sunshine Coast Airport To be completed in 2020, this will be Australia’s next international airport. The project includes the construction of a new 2,450 metre runway and increased apron facilities. The airport expansion project will contribute $4.1b to the Sunshine Coast economy to 2040 and generate 2,230 jobs. Palisade Investment Partners was confirmed in February 2017 as the Sunshine Coast Airport’s commercial operating partner in
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Implementation Report Card 2013 – 2018
a deal worth $605m. Under the deal, the airport land will continue to be owned by Sunshine Coast Council, with Palisade operating the asset under a 99-year lease.
Maroochydore City Centre A new city centre with commercial, retail and residential investment opportunities, public facilities as well as being Australia’s only greenfield CBD. The new city centre will provide an estimated $4.4b boost to the Sunshine Coast economy over the life of the project and create approximately 15,000 jobs by 2025 and more than 30,000 jobs by 2040. Global infrastructure company announced in August 2017 that it would take a stake in the new Maroochydore City Centre in a deal with an end value of more than $200m.
