New Multi Billion Dollar Development Proposal For Gosford, NSW

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New Multi Billion Dollar Development Proposal For Gosford, NSW

Post by BPB » Thu Feb 23, 2017 2:49 am

New Multi Billion Dollar Development Proposal For Gosford, NSW looks to be very interesting.....
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A billion dollar project that aims to transform Gosford into the infrastructure investment gateway to Asia is waiting for a stamp of support from the Central Coast Council and NSW Government.

Mr Steve Duncan, Chairman of the G5 Global Vision Foundation and Bensville resident, said the proposal had been presented to the NSW Premier and Cabinet and that he was hopeful of an opportunity to meet with NSW Government representatives within the next couple of weeks. The proposal, which includes plans to redevelop the Gosford waterfront, has been on the desks of senior executives at Gosford and then Central Coast Council for almost 12 months.

Mr Duncan said the proposal involved waterfront retail and public space, hotel and conference facilities; mixed use residential, commercial and retail, a high speed intercity ferry service and infrastructure; and much more. The Central Coast Council has asked the NSW Government to assist it to formulate a strategy and roadmap for the State Significant, world-class project.

In briefing notes presented to NSW Government Ministers at a recent Community Cabinet meeting, the Central Coast Council asked for “an audience in confidence with the State Government to present this opportunity and formulate a strategy and roadmap for the realisation of the project with a view to it being a State Significant project. “Central Coast Council has been working commercial in confidence with a proponent on a proposal that has the potential to be a game changer for the Gosford Waterfront,” which the briefing notes described as the “gateway location to the Central Coast.

“The proposed Gosford waterfront development will work within the framework and principles set out by the intended Gosford Masterplan undertaken by the former Gosford Council, the Gosford Challenge, and Our City, Our Destiny Gosford Masterplan,’ the briefi ng document said.

“This State Significant project will require partnership with the NSW State Government across a number of portfolios including planning, lands and RMS. “It has the potential to change the face of the Central Coast region, bring signifi cant employment and economic stimulus to the region and contribute to the social wellbeing of the community,” the Cabinet briefing said. Mr Duncan, who has had a long career as a merchant banker, said the project had been years in the planning and also involved a much bigger picture for Gosford and the region.

The G5 Global Vision Foundation owns a company called Cellate, which is an Australian building technology that dates back to 1964, and established landmark projects in Australia until it relocated to the United Arab Emirates in 1990. Mr Duncan said he had successfully convinced the company to relocate its headquarters to Gosford as a stepping stone to expanding into Asia, and that Cellate was also negotiating the acquisition of a number of sites to develop as housing on the Coast.
the full article can be found here: ... -proposal/

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