Mining multiplier effect in Rocky

With tens of billions of dollars of investment projects on their way, the Queensland resources boom is set to transform our State over the coming years, and the wealth is sure to spread to many of our regional cities and towns. Expect to see many more stories like this one from Rockhampton (Industrial precincts in demand):

JOHN Kele has just spent $7.2 million building a massive food distribution centre at Parkhurst.

And he can’t wait to develop more of the booming industrial precinct north of Rockhampton which is benefiting from the mining boom.

The state-of-the-art building, which has room for more than 2000 pallets of food, is one of nine commercial sheds at Parkhurst that have either just been finished or are nearing completion.

Insiders say that level of activity is unprecedented in the Rockhampton region and proof that the investment by international companies in the Bowen and Surat basins is starting to have a positive impact on the local economy.

In other news today, the Floods Commission released its Interim Report, but it’s so underwhelming, with such conservative recommendations, that I don’t really think it warrants much comment.

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