Construction is underway in Queensland’s south, but many jobs in the region are likely to be hard for workers to come to terms with.
Key points:Workers in the Gold Coast region of Queensland will be faced with the difficult decision of whether to return to work after the construction project is completedThe Queensland government is looking at a $5 billion bond to fund the workConstruction at the Gold Star site is expected to take two to three yearsConstruction on the site began in 2014 and is expected be completed in 2024.
Work will be conducted in two phases, with construction expected to begin in 2022 and be completed by 2024.
The Government of Queensland says it is looking to secure a $4 billion loan from the Australian Government to help pay for the construction of the Queensland Olympic Stadium, which is being constructed on a large tract of land.
The Gold Coast has an estimated population of about 11,000 people.
The project is expected cost about $4.3 billion.
A spokeswoman for the Gold and Sunshine states government said the state would be making a contribution of $4 million for the work.
“The Government will work with the State Government to ensure that a project that would benefit Queenslanders and our state’s economy is carried out in a sustainable and economically viable manner,” she said.
“This project is a key part of the Government’s plan to create jobs in Queensland.”
The Queensland Government said it would provide up to $1.3 million to cover the costs of the construction.
It is expected that the Gold Beach site will house a large hotel, hotel apartments, retail shops, restaurants and other commercial and residential facilities.
“I would like to thank Queenslanders for their patience during this difficult time,” Premier Daniel Andrews said in a statement.
“We will continue to work with them and the Government of the day to deliver on their wish for the future of the Gold-Star stadium.”
Work will begin on the Gold star site this year.