Financial Report

PRODUCT DEVELOPMENT (cont)

Murray River Adventure Trail (Stage 1)

The Murray River Adventure Trail is a multi sport adventure trail which extends along the Murray River from Albury Wodonga to Mildura Wentworth. The trail development will create an iconic nature based experience and deliver a world first multi model long distance 1,040 kilometre walking / cycling and 1,390 kilometre kayak/canoe trail along the Murray River. To date $10.8million has been secured from the Victorian Government to design and implement sections of stage 1 of the Murray River Adventure Trail, which includes $500,000 for the initial Business Case. Further funding applications have been lodged and we await decisions.

Murray Regional Tourism have completed the following work to progress the Murray River Adventure Trail to date:

• Secured $10.3 million towards implementing Stage 1 (270km) with Parks Victoria appointed as lead delivery agency with construction expected to conclude late 2024 • Completed Feasibility Study - entire trail • Completed Business Case - entire trail • Completed detailed design, constraints assessment and costing for Stage 1 • Completed revised Business Case for Stage 1.

Ports of the Murray River

Ports of the Murray River is a key whole of region strategic project with continued progression through the development lifecycle being made for each of the respective projects.

Projects that sit within Ports of the Murray River include:

• Yarrawonga Interpretive Centre • Koondrook Arbuthnot Sawmill

• Tocumwal Aviation Project • Wentworth Riverfront Murray and Darling Junction Project • Echuca Moama Bridge Arts Project • The Tocumwal WAAAF Creek Walk Interpretive Trail • Swan Hill – Heartbeat of the Murray.