Council calls for private investors for the MMCP

Plans continue for the MFRS

Council calls for private investors for the MMCP

Mildura Rural City Council are searching for private investment in the Mildura Motorsports and Community Precinct.

 

It's one of the Mildura Future Ready suite of projects, the first stage of the MMCP will include a 3 km bitumen race circuit, multi-use skid pan, pits, control tower and office facilities.

 

A combination of private and government funding is required to complete the $22 million first stage, officials keen for private investment to help the project.

 

The Business Case for the project estimates an operating revenue in excess of $23 million, and an operating surplus in excess of $8 million over 30 years at net present value.

 

The call has been put out nation wide, the project predicted to generate 324 jobs and $162 million in benefit over 30 years to the regional economy.

 

Expressions of Interests will be taken until September 21st, officials set to evaluate and contact potential investors.

 

To see plans in full, click the link below!

 

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