Investment highlights
The Whitsunday SkyWay is being led by the private sector.
The project is in the detailed assessment phase under the Queensland Government’s exclusive transactions framework governed by a Process Deed, which provides for land tenure by excising a small area of land from the Conway National Park that is essential for the project to proceed if key milestones are reached.
Statutory approvals, which are a critical aspect of the Process Deed, are significantly advanced, including:
- Negotiations with the Traditional Owners, the Gia and Ngaro people, for an Indigenous Land Use Agreement and Cultural Heritage Management Plan to be finalised in Q2 2025
- The Project is being assessed against the Environmental Protection and Biodiversity Conservation Act under a Public Environment Report process that is expected to be completed by Q1 2025
- A submission was lodged with the Department of Environment, Science, and Innovation in July 2024 and State approvals are expected to be complete in Q2 2025.
Land Tenure and Approvals Pathway
Construction will take up to 18 to 24 months to complete after all of the necessary approvals and detailed design are completed.
When the SkyWay is operating, it is expected to have over 300,000 patrons per annum from a wide range of segments that provide revenue diversity and reduce exposure to individual markets.
Strategic Market Groups
Project metrics %
Project Metrics
$80m
Capital expenditure
360
Vertical rise from base station
30+ km
Of mountain bike trails
140
Direct jobs created
>300k
Expected patrons per year
2028
Operations commence
The capital cost of the project will be around A$80 million and will primarily be funded by a combination of equity and debt.
AATG is seeking to raise the equity capital in two stages.
The initial round will fund pre-development activities including approvals, native title approvals and detailed planning approvals and detailed design. Pre-development investors will be incentivised by a material uplift in value to reflect the early-stage risk and will have priority to follow-on in the construction round.
The main capital investment round will fund construction and establish costs.
Only sophisticated investors as defined by the Corporations Act 2001 are eligible to invest in the Whitsunday SkyWay and a certificate issued by a qualified accountant must be provided. If you meet this test and are interested in investing, please complete this form and AATG’s team will contact you.
