The Queensland Government has identified Townsville’s derelict North Rail Yards, a depot for Queensland Rail over a century ago, for a large-scale commercial and residential redevelopment.
Premier, Steven Miles says $35 million from the 2024 State Budget will be invested to make the existing railyards precinct ready for development. The work will include remediation works and stabilisation of heritage infrastructure.
“Townsville has been in desperate need of investment in its CBD precinct, and it’s my government that’s delivering,” said Mr Miles.
“This $35 million investment will be the start of what I hope is the ongoing development of Townsville’s railyards precinct and the broader CBD area.
“This is about delivering more housing, more jobs and more economic opportunity because that’s what matters for Townsville.”
The Premier said future development of the precinct could deliver about 319 apartments in a location that is central to shops, employment, schools and the entertainment precinct.
The heritage site will play a fundamental role in supporting sustainable growth of the region, with the development of the North Rail Yard Precinct significantly contributing to delivering housing for the city’s growing population, said Deputy Premier and Treasurer, Cameron DIck.
“The redevelopment of the North Rail Yards will preserve this historic Townsville landmark while also providing housing solutions for the future,” said Mr Dick.
