Funding the future

Stage Two of GCCM’s development has been earmarked by the Queensland LNP for a $20 million investment.

26 October 2020

Gold Coast City Marina & Shipyard (GCCM) are in line to receive AUD$20 million from a Deb Frecklington LNP Queensland Government for its Stage Two development, which would see the lifting capacity of the Gold Coast increase to 1200 tonnes and the current facility more than double in size.

Announced onsite at GCCM on 23 October, LNP Leader Deb Frecklington stated, “The LNP co-invest (sec) with the Gold Coast City Marina and Shipyard to deliver a $108 million new marine maintenance facility creating 1,500 additional local jobs.”

In recent times, GCCM has experienced an influx of domestic and international superyachts seeking to undertake major refits, maintenance and repair work to an international standard.

“The number and size of yachts selecting GCCM for their refits is only getting bigger. We need to keep pace with and anticipate the future needs of our customers. With this investment from the LNP, Stage Two will certainly do that by increasing the Gold Coast’s lifting capacity four-fold; a 75-metre yacht will be able come directly from the South Pacific to our facility to be lifted.

“A facility of this nature will give us the opportunity to increase our boat building capacity and capabilities on the East Coast of Australia and, of course, create more jobs.

It is an excellent investment and we thank the LNP for their support and confidence in the marine industry,” explained GCCM’s CEO, Mr Trenton Gay.

GCCM has already made significant investments into Stage Two securing a 20-hectare site on Beattie Road as well as working with leading architects, town planners, environmental engineers and liaising with industry to set a new standard for shipyard design, construction and operation.

Celebrating 20 years of operations, GCCM is one of Australia’s most awarded marina and shipyard and currently houses more than 80 marine businesses onsite who, in turn, employ 700 individual tradesmen, craftsmen and technicians.

gccm.com.au

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