Yacht’s $1m job blocked by silt

ONE of the world’s most luxurious superyachts is having $1 million worth of work done in Brisbane because silting of the Coomera River has blocked entry to the Gold Coast marine precinct.

To make matters worse, the decision to stop the $80 million superyacht travelling up the silted waterway was made by the Department of Transport the same government bureaucracy that administers the dredging.

It would cost $200,000 to dredge the 3km section of the river that is clogged up and cannot be traversed by the 60m superyacht, Helios, owned by a mystery European billionaire.

Coomera marine precinct boat builders had flown to Fiji last week to meet with the billionaire owner, who agreed that the $1 million job, which included a new heliport, would be carried out on the Coast.