I am very pleased to advise you of the outcomes of the Registration of Interest for Crown land on Christmas Island, which will support economic activity and opportunities to diversify the local economy.
After a thorough registration of interest process that attracted a strong response from potential investors, I can confirm that the Government is now proposing to sell seven parcels of land on the open market and offer long-term leases on four more. I have written to all applicants to advise the outcome of their particular application.
Proposed projects include tourist accommodation, agricultural development, residential housing, retail complexes and aged care accommodation—all exciting proposals for the island.
The number and diversity of applications demonstrates the willingness of organisations to invest in the future of Christmas Island and support ongoing economic development.
Where the requested land poses rockfall and stormwater risks or where no land was identified in the registration of interest, I have asked the Department to work with proponents to identify alternative sites.
The sale or longer term lease of these sites will be subject to approval under the Environment Protection and Biodiversity Conservation Act 1999. I have asked the Department of Infrastructure, Regional Development and Cities to submit a referral to the Department of Environment and Energy.
Work to finalise the sale and lease of Crown land will be undertaken as a priority to ensure the island can realise the economic benefits as soon as possible.
The land proposed to be sold or leased will include safeguards to prevent land banking.
I am aware Christmas Island is undergoing a period of change and I look forward to working with proponents and the community as these exciting developments materialise.
Source: The Hon Dr John McVeigh MP, Minister for Regional Development, Territories and Local Government
Featured Image: Crown land on Christmas Island for sale on the open market. Image courtesy of Australian Government