POEM welcomes Cruise Ship Project Funding

POEM Media Release 23 May 2016

“POEM members warmly welcome the announcement by the Premier of NSW the Hon Mike
Baird MP and the Member for Bega and NSW Minister for Infrastructure and Transport, the
Hon Andrew Constance, MP that the NSW Government has allocated an additional $29
million for the Snug Cove wharf extension project.

The strong support provided by the Commonwealth Government and the Bega Valley Shire
Council have also been vital to this landmark infrastructure project.

This will make a total of $44 million, comprising the State ($32 million), Commonwealth
($10 million) and Bega Valley Shire Council ($2 million). This is a massive injection of funds
into Eden and the south east region and should provide the basis for a major expansion of
cruise ship activity, local business and substantial, related growth of regional tourism”, the
President of POEM, Fritz Drenkhahn said today.

“lt is fantastic to see the support that Eden is getting from the governments involved. Much
of the credit must go to the local people who have been dedicated to this project for years.

The Cruise Eden group and people such as Gale Ward and Jenny Robb are to be thanked and
congratulated. They are certainly entitled to celebrate.”

“The next step in the overall port development is an attenuator for a commercial marina in
a Snug Cove safe harbour. This will bring year round jobs, investment and additional
tourism – the economic stimulus that Eden clearly needs.”

“We look forward to working with other community groups and all levels of government to
assist in achieving this next goal for Eden and the region.”

Contact POEM for more details.

Eden Community Decides

POEM Media Release: Eden Community Decides

On Wednesday night at the Fishermens Club an Eden community meeting put the long term secure development of the port as the number one priority by voting convincingly for a combination of both projects-a 170 berth marina/safe harbour and the wharf extension for cruise ships with a berthing pocket 160m wide, POEM President, Fritz Drenkhahn said today. Read More

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

comparisoncircularquay


Click on image to enlarge

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

Click on image to enlarge

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