Hervey Bay CBD concept plans
Hervey Bay CBD concept plans Contributed

Federal Govt pumps $40 million into Hervey Bay CBD

FUNDING for development of the Whale City's future CBD has been fast-tracked by the Federal Government.

The $40million funding is just a slice of the $172.9million pie committed towards projects proposed under the Hinkler Regional Deal on Monday.

A further $7.7million was announced to fund the Urraween Rd and Boundary Rd extension.

The CBD upgrade was one of the priority projects short-listed by the council under the bold economic plan.

It marks a major step forward after Fraser Coast Regional Council, Bundaberg Regional Council and the Federal Government signed a landmark agreement on the Regional Deal last week.

The $172.9million also includes $9million for the redevelopment of the Hervey Bay Airport, announced last month, as well as two Bundaberg projects.

The funding for the projects will be included in the Federal Budget, set to be handed down tonight.

Speaking in Canberra on Monday morning, Hinkler MP Keith Pitt said the Regional Deal would help "unlock the output of a number of key industries and create jobs for the future".

"Ensuring that this region has a stronger local economy and the framework to attract new business, which in turn brings more local jobs, has always been my driving force behind the Hinkler Regional Deal," Mr Pitt said.

A timeline for the  projects has not been announced.

Mr Pitt said there would be "considerable jobs in construction and development" of the council's CBD project.

He said the upgraded CBD would also attract new businesses.

There will be additional announcements in tonight's budget.