Private Investment To Kick-Start Regional Recovery
Western Victorian Liberal MPs Bev McArthur and Richard Riordan welcome the Victorian Government’s long-awaited approval of the $350 million private investment into Cape Otway Road Australia (CORA) on the Surf Coast.
CORA will create an international sporting hub comprised of an elite training facility, accommodation and retail village, that will employ over 1000 people during construction and 670 during operation and is the first project of its type in the southern hemisphere.
The plans for CORA were released in late 2017, taking the Labor Government nearly three years to approve them.
Quotes attributable to Member for Western Victoria, Bev McArthur MP:
“Private sector investment in our local regional economies is always welcome and preferred over the mismanaged use of public funds controlled by bureaucrats in Melbourne.”
“CORA will bring enormous benefit to the region by driving tourism and creating jobs.”
“The Labor Government should get out of the way of the private sector where possible and facilitate deals such as this in a much timelier fashion, to ensure that future potential investors are not discouraged, and economies get the stimulus that need as soon as possible.”
“The project is a game-changer and will put the Surf Coast on the global map.”
Quotes attributable to Shadow Assistant Minister for Regional Victoria, Richard Riordan MP:
“The CORA project brings much needed diversity to the tourism and hospitality sector in south west Victoria. This world class facility will provide new reasons for people to stay in our region and help spread the load of visitors from the Great Ocean Road.”
“This project along with other new ventures underway and proposed such as Wild Life Wonders at Apollo Bay, add to the multi day stay opportunities needed to grow a world class 12 month a year visitation experience.”
8 October 2020