Eagle Farm $12 million loan approved for tunnel project   Leave a comment

Eagle Farm $12 million loan approved for tunnel project

“The Government has approved for a commercial Treasury loan of $12 million to be delivered to Brisbane Racing Club in order to install the tunnels and infield works at Eagle Farm,” Minister Bill Byrne said.

The construction of phase two of the development at Eagle Farm will create more than 300

The construction of phase two of the development at Eagle Farm will create more than 300 jobs. Picture: Annette DewSource: News Corp Australia

THE long-awaited approval for the $12 million Eagle Farm tunnel project was finally approved on Thursday afternoon, paving the way for work to begin next month.

August 1 was considered the latest possible start date in order for racing to return to Eagle Farm in time for next year’s winter carnival and the Brisbane Racing Club’s wish was granted on Thursday.

“The construction of Phase two of the development at Eagle Farm will create more than 300 jobs and this work is now expected to commence in the coming weeks.”

The $12 million second phase of the project will see two tunnels constructed under the course proper to allow for vehicle access to the course’s in-field, which will facilitate the construction of oncourse stabling and a car park. Flood mitigation and earthworks will also be carried out on the in-field as part of the overall project.

Tunnel vision: Earth works begin were the tunnel will be located. Picture: Annette Dew

Tunnel vision: Earth works begin were the tunnel will be located. Picture: Annette Dew Source: News Corp Australia

Racing Queensland Acting chief executive Ian Hall said the return to Eagle Farm was vital for the Queensland racing industry’s future and welcomed the Government’s decision.

“The finalisation of the Eagle Farm project will restore the industry’s confidence in our premier track and continue to reap benefits to the industry for many years to come,” Hall said.

“Over the past month, we have conducted a number of stakeholder meetings to ensure the realisation of the project and this is a great outcome for all involved.”

The project was initially announced on Stradbroke Day last year but has languished in red tape with both sides of government, rendering Eagle Farm dormant for 12 months longer than it had originally been planned.

The result has been extreme pressure on other southeast Queensland tracks and a decline in wagering turnover with the state’s number one course out of play.

Originally published as Farm finally gets $12m loan for tunnel project

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Posted July 10, 2015 by belesprit09 in Uncategorized

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