The Hodgman Liberal Government is delivering on its commitment to transform the Cradle Mountain Gateway Precinct into a new world-class experience.
To help grow visitor numbers, investment and jobs in regional Tasmania we have now begun the search for private investors for the Cradle Mountain Gateway Precinct.
The Cradle Mountain Gateway Precinct presents a one-time opportunity to provide a unique visitor experience for the region to encourage visitors to stay longer and visit again.
On behalf of the Tasmanian Government, Colliers International has today commenced an initial world-wide investment identification process to gauge the size of interest and suitable developments that would contribute to the overall tourism hub.
The Expression Of Interest process will identify private investors from Tasmania, the mainland and internationally that could partner with the Tasmanian Government to create this new high-quality alpine village precinct.
Once complete the Gateway Precinct will attract up to 80,000 additional visitors to the region each year, directly inject some $29 million into the local economy and support 140 local jobs.
The Gateway Precinct will become the prime entrance to the world-renowned heritage precinct, national park and wilderness area, as well as the main access point to Dove Lake and departure point for the world-famous Overland Track.
The Gateway Precinct will be the departure point for the Cradle Mountain Cableway that has recently secured funding of $60 million with a contribution of $30 million from both the Tasmanian and Australian governments.
Following this initial phase, a formal EOI process for the Gateway Precinct will be undertaken later in 2018. It is anticipated that a partner will be sought for the Cableway in 2019 through a separate process.
Information on the Expression Of Interest process is available from Colliers International exclusive marketing agents, Karen Wales and Guy Wells, who can be contacted for more information on 61 2 9257 0222 or Karen.Wales@colliers.com or guy.wells@colliers.com.