Snug Cove Marina: Economic and Financial Benefits for the Eden Economy

POEM members are sure that Eden people will welcome the benefits for the community of proceeding with this project.

Overview: Key economic indicators

  • 190 berths Capex $8.4 million
  • 23 fulltime jobs Turnover $2.2 million p.a.
    • Gross profit $900,000 p.a.
  • Substantial expenditure by marina users
    • supplies, services, maintenance and repairs
  • Increased year round Snug Cove tourism
  • Investment in the BP and Mobil sites

This information is largely available on an annual basis over a 11 year period.
POEM would welcome an independent review of the estimates.

Snug Cove Marina Economic Indicators – Details and Sources

  • Initial private investment including design, approvals, project management and contract supervision and 15% contingency $8.4 million. International Marina Consultants
  • Direct and Indirect marina employment generated by the marina; 23 people- GHD consultants
  • Marina occupancy rising from 40% to 90% over ten years- International Marina Consultants
  • Total annual turnover when fully developed: $2.2 million-International Marina Consultants
  • Annual net profit after cost of capital at 8%, before tax and depreciation: $900,000-International Marina Consultants
  • Annual lease payments to the NSW Government of about $130,000-International Marina Consultants
  • Annual expenditure by the marina operator, largely in Eden, on goods and services of about $500,000-International Marina Consultants
  • Substantial expenditure by owners, skippers and crew of the several hundred visiting and permanent vessels occupying the marina over the course of a year
  • Real estate investment in Snug Cove: $100 million over 10 years (probably commencing with about $40m in stages on the BP site)-Bega Valley commercial builder.
  • A major boost to the slipway and to other existing and potential Snug Cove and town businesses.
  • plus the flow on benefits of becoming the maritime hub for south east Australia attracting many more visitors by sea and land.

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POEM March 2016

It’s Time for Eden To Decide

Snug Cove Development – Important Community Meeting

Eden Fishermen’s Club 5.30pm Wednesday 27 April 2016

A two project solution? or A one project solution?

YOUR SECRET BALLOT VOTE WILL COUNT

  1. Marina PLUS all Cruise Ships of current visiting ship size
    OR
  2. NO commercial Marina, providing for very much larger cruise ships some time in the future

Meeting Format

  • Meeting will have an independent chairman
  • 2 Speakers: POEM and Cruise Eden (invited): 15 minutes each
  • 30 minutes of Question Time
  • Ballot papers to decide the community’s choice to be handed out on arrival
  • Collection and count to be supervised by independent chairman
  • No compulsion to vote. No names required.

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The issue is the design and location of the attenuator

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Based on professional advice, the POEM proposal for a 160m Berthing Pocket and Fixed Panel attenuator provides ample space for Cruise Ships and maximum all-weather protection for Snug Cove, delivering a safe anchorage, practical access and maximum marina capacity.

The Crown Lands proposal using a floating attenuator would not achieve a safe harbour, will significantly reduce marina potential and restrict access.

There is confusion between the Cattle Bay Marina proposal and the Snug Cove – Safe Harbour project. They are two completely separate projects;
The Cattle Bay Project is a Private Development (as is the Boydtown Marina Project), whereas the Snug Cove Project is a Government funded / Community project.

proposals

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POEM Reference List

The main documents relied on by POEM are as follows. All are available on request.

1. Australian Cruise Association, Economic Impact Assessment of the Cruise Shipping Industry, AEC Group Ltd, Brisbane, Number of visits by port, various issues.

2. Infrastructure NSW, Restart-NSW, Investment Appraisal, Port of Eden Project-Wharf Infrastructure, October 2013.

3. International Marina Consultants Pty Ltd, Port of Eden, Wave Protection and Marina Feasibility, July 2012.

Note: Replacement page for financial projections for years 6 to 11

4. International Marina Consultants, Reduced Marina Diagram, November 2015

5. Maritime Safety Management Systems, Review of Proposed Cruise Ship Arrangements in the Port of Eden, November 2015.

6. International Marina Consultants, Panel Breakwater Prop Wash Issues, December 2015.

7. International Marina Consultants, Marina and Cruise Ship Planning, November 2015.

8. Bellingham Marine Australia Ltd, Re: John Leman, International Marina Consultants, December 2015.

9. International Marina Consultants, Diagram of Port of Eden Reduced Marina – Option A, November 2015.

10. SMC Marine Pty Ltd, Glebe, NSW, Eden Marina Fixed Breakwall, December 2015.

11. Coriolos Marine, Eden Marina Project Report, June 2012.

12. Transport for NSW, Eden Marina Survey March 2014

13. Eden Chamber of Commerce, Development Application 2014.430, Cattle Bay Marina proposal 2015

The professional qualifications and experience of International Marina Consultants and Marine Safety Management Systems are also available.

As well as members with a great deal of local practical on water experience, POEM has a good depth of expertise in economics, engineering, business and science.

We have letters of support from:
1. Cruising Yacht Club of Australia
2. Marine and Safety Tasmania
3. Boat Owners Association of NSW
4. Yachting Queensland
5. Royal Yacht Club of Tasmania
6. Tamar Yacht Club
7. Hobsons Bay Yacht Club
8. Ocean Racing Club of Victoria
9. Yachting South Australia
10. Cruising Yacht Club of SA
11. Eden Amateur Fishing Club
12. Eden Slipway Services
13. Eden Killer Whale Museum
14. Regional Development Australia
15. Royal Sydney Yacht Squadron
16. Middle Harbour Yacht Club
17. Royal Prince Alfred Yacht Club
18. Royal Motor Yacht Club
19. Marina Industry Association of Australia
20. Eden Chamber of Commerce
21. Sapphire Coast Marine Discovery Centre
22. Eden Sport and Game fishing Club
23. Eden Service and Social Club
24. Island Cruising Association (NZ)

At least some of these probably support a combination of both the marina and the cruise ship projects

“It’s Time” Community Awareness Campaign

It’s Time for the Eden community to be consulted and involved with the Snug Cove development projects.

The Commonwealth and State Governments and the Council will spend at least $25 million to transform Snug Cove into a cruise ship port and a safe harbour with a marina basin over the next 2 years or so.

This is literally a once in a lifetime opportunity for Eden for jobs growth and investment.

The changes made to the port will be permanent, will determine the future of Snug Cove and will have significant implications for the Eden economy for decades ahead.

If the projects are effectively combined, the outcome will be very positive for both the cruise ships and the safe harbour marina basin project.

A combined project will provide the best, most continuous economic benefit with minimum long term risk for Eden and the south coast region. It will future proof the port.

If this is not achieved and one or other project is seriously compromised, Eden will have lost a fantastic opportunity.

It’s Time for the community to get moving and make sure Eden gets the outcome it needs.

Find Out More:

FlyerImage AttenuatorComparison  AndrewConstanceMediaRelease20151221

Minister orders a review of attenuator plans

The current planned location and design of the attenuator for the safe harbour/marina has been criticised by POEM consultant, International Marina Consultants as being risky and creating a non commercial marina layout.

The Minister for Infrastructure and Transport and Member for Bega, Andrew Constance has ordered an independent review of the attenuator plans as quickly as possible so as not to delay the project which is due for completion by mid 2017.