Dreamworld announces world class water park

Macquarie Leisure Trust Group, owners of Dreamworld, have announced the $56 million Dreamworld Water Park, to be built at the Coomera site.

The water park will offer a range of new generation attractions never before seen in the Australian market, together with an expansive wave pool in a themed environment. It will also incorporate the latest environmentally friendly technology to ensure sustainable water management practices. It is estimated the filtration system will reduce annual water wastage from backwashing by 99 per cent when compared to traditional systems.

The development will be the first new Gold Coast theme park in 14 years, following the opening of Movie World in 1991. Over that time the Gold Coast has enjoyed outstanding tourism growth and substantial expansion of air transport capacity and tourism accommodation. In addition, South-East Queensland is now one of Australia's fastest growing population centres.

Macquarie Leisure Trust Group CEO Greg Shaw said the development was attractive for a number of reasons. "The water park development is an exceptional opportunity to enhance the Dreamworld business and deliver incremental profit to the Group while providing the Gold Coast with a unique tourism icon," he said.

A total of $56 million will be invested in the water park development, which will be known as Dreamworld Water Park. The new water park will be separate admission, though two-park passes will also be offered.

Wet'n'Wild Water World located several kilometres away has recently unveiled a $20 million expansion plan for the next year, with the first phase already operating.

Construction of Dreamworld Water Park will commence in January 2006, with an expected opening date of Mid-December 2006.

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