A NEW agreement between the WA Government's development agency, LandCorp, and the City of Joondalup has set the framework for the development of the new Ocean Reef Marina precinct in Perth's north.
The development – which includes a planned 550 boat pens, more than 200 boat stackers, an expected 1,000 houses and apartments, and 12,000 square metres of retail and commercial space – will create a new hub of recreational amenity, living opportunities and tourism in Perth's fast-growing northern corridor. The precinct is also expected to include hotel and short-stay accommodation.
The Memorandum of Understanding signed last week by Lands Minister Rita Saffioti, LandCorp chief operations officer Dean Mudford, City of Joondalup Mayor Albert Jacob and City of Joondalup chief executive officer Garry Hunt outlines how the two parties will work together to develop the vision, detailed design and delivery of the marina.
The formal agreement follows the joint announcement by Premier Mark McGowan and Ms Saffioti in September last year to commit $120 million in funding for the marina over the life of the project, beginning with a $35 million allocation over the next four years. Ultimately, the project is expected to attract private sector funding totalling more than $500 million.
Development of the marina will be led by LandCorp, working closely with the City of Joondalup and other stakeholders. The Metropolitan Region Scheme Amendment and Public Environmental Review processes have been submitted for approval, and a project team is now in place.
Construction is expected to begin on the new marina in 2020.