Business

Joint custody of GECC remains even if port is sold

JOINT custody will remain for Gladstone's entertainment centre if the port is sold, but don't expect to see all of the proceeds come to town.

Responding to Gladstone MP Liz Cunningham's question on notice about the sale of Gladstone's port, Queensland Treasurer Tim Nicholls tabled his response in State Parliament on June 20.

He said the LNP's plan included a proposal for the long-term lease of the Port of Gladstone, with the use of some of those proceeds for infrastructure investment around the state.

"Any existing contractual obligations will continue to be met by the Gladstone Ports Corporation and Gladstone Regional Council," he said.

"As an example, this would include the Gladstone Ports Corporation's and the Gladstone Regional Council's redevelopment of the Gladstone Entertainment Convention Centre, where there is an ongoing relationship between the parties in respect of shared facilities."

Mr Nicholls reiterated the proposal would not be implemented until the government had taken its plan to the next state election.

Topics:  asset sales, gladstone regional council, port of gladstone



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