THE long delayed announcement of Exit 54 will go ahead after an announcement this morning by the State and Federal governments, paving the way for more than $1 billion in development and thousands of jobs to the city.
The former LNP Government made a deal with the Federal Government before the election to deliver the vital road project at Coomera. But the ALP would not sign up.
Today the $74.7 million plan will finally get over the line so that work can start on the upgrade, which will include two roundabouts with signalised intersections and a three-lane overpass.
A loop ramp for northbound motorists is also part of the project and will connect the Coomera Town Centre and reduce traffic congestion at the intersections.
Federal MP Bert van Manen has welcomed the news, indicating the handshake had been done several weeks ago.
“The new State Government is honouring a commitment that was made by the previous state government and the Federal Government,” he said.
“I am stoked we have finally gotten to this point.
“Negotiations on this go back at least nine months.”
The intersection work will improve safety, cut congestion and allow major development to start — including the Coomera Town Centre.
Forde MP Bert Van Manen is ‘stoked’ the upgrade is going ahead. Picture: Jack Tran / The Australian Source: News Limited
It is understood the work will be funded by the State Government, which has promised $47.4 million, the Federal Government, which is putting in $10 million, and Coomera Town Centre developers Westfield and QIC, which are contributing $17.3 million.
The work is due to be complete in late 2016 or early 2017.
Both the $500 million first stage of the town centre and a large residential development located nearby were put on ice because of the badly needed road project.
The town centre will include a large shopping centre, cinema, two-level department store and artificial beach.
Deputy Prime Minister and Minister for Infrastructure and Regional Development Warren Truss
said construction on Stage 2 of the interchange upgrade will begin later this year.
“The announcement today of the funding partnership between the federal and state governments,
along with the developers of the Coomera Town Centre, will see work commence on reducing
congestion through this busy interchange,” Mr Truss said.
“Final design work is expected to be completed in the coming months, with construction to start
soon after. All going to plan, the upgrade will be completed in late 2016, in time for the opening of the new Coomera Town Centre.”
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