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Australia : Regional Growth Fund progresses Mildura Motorsports precinct plan

July 17, 2014



Development of the much-anticipated Mildura Motorsports precinct is a step closer, with the Victorian Liberal Nationals Coalition Government announcing today that it would invest more than $100,000 to complete a detailed business case.

Deputy Premier and Minister for Regional and Rural Development Peter Ryan joined The Nationals Member for Mildura Peter Crisp in Mildura to announce the $103,000 investment from the Coalition Government s $1 billionRegional Growth Fund.

Mr Ryan said the $195,000 Mildura Motorsports Precinct Business Case would build on the recommendations of the 2011 North West Victorian Motorsports Feasibility Study, which looked at further developing motorsports in Mildura.

Motorsports are incredibly popular in and around Mildura with participation rates four times the national average, which contributes more than $21 million a year to the local economy, Mr Ryan said.

The development of a motorsports precinct, including the co-location of up to nine local motorsports clubs to the one site could grow this economic benefit to well over $60 million per year.

The Coalition Government recognise this potential for growth and we are keen to work with the community to grow the motorsports industry locally.

Mr Crisp welcomed the investment to develop a business case, saying it would lay-out a detailed and staged development plan for a motorsports precinct at Block H in Koorlong, 11 kilometres south of Mildura.

This investment is an important next step towards securing a first- rate motorsports precinct here in Mildura, Mr Crisp said.

The business case will look at the design, cost and placement of a bitumen raceway for cars and motorbikes, a skid pan, required utilities and infrastructure and the co-location of up to nine motorsports clubs at the facility.

It will also investigate opportunities to partner with local police to deliver rehabilitation programs for repeat traffic offenders, youth programs and the potential to host motorsports courses through SUNITAFE.

Developing a motorsports precinct has the potential to provide long-term benefits to the region and I will to continue to advocate strongly for the community to ensure it is progressed.

Mr Ryan thanked the various funding partners including the Mildura Rural City Council, which is contributing $37,500 towards the business case, CAMS, which is providing $40,000 of in-kind support, and HM Leisure Planning, which is providing $14,500 of in-kind support.

Mr Ryan said the Mildura Motorsports Business Case would be finalised by June 2015.


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Source: TendersInfo (India)


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