The Gladstone Foundation will allocate funds to Gladstone’s social infrastructure through voluntary industry contributions.
The Gladstone Foundation will allocate funds to Gladstone’s social infrastructure through voluntary industry contributions.

Bligh Govt to hold on to funds

THE Bligh government will hold on to mining royalties and build infrastructure rather than allow the Gladstone Regional Council (GRC) to prepare for the resource boom.

Treasurer Andrew Fraser has rejected a proposal from Barcaldine Regional Council which would have seen miners put money up front for infrastructure development in exchange for a rebate on their royalty payments.

The announcement came only a day after the GRC requested a report seeking approval of the management framework to progress the Gladstone Foundation – a voluntary industry contribution fund that will see resource companies contribute to the infrastructure of Gladstone.

Acting Mayor Sellers said she wants to ensure community concerns about social impacts are properly addressed and see the Gladstone region benefit from major resource and energy projects.

“I urge major companies to get behind the Gladstone Foundation and help to implement social infrastructure across the region.”

Public invitations for community representatives to sit on a social infrastructure working group are expected to be made by council next week.

“In this way, there will be an alignment between the advice being given to the Gladstone Foundation about investment of industry funds into social infrastructure,” a GRC spokesperson said.



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