NEW signs being unfurled beside a busy Coast road is the latest progress indicator of a much-anticipated water park development.
Workers were at the Glenview block of land rolling out signs on Monday morning that launched the $450 million development's name.
Actventure is being developed beside Steve Irwin Way by Coast-based investment firm Sanad Capital.
Its new website indicates the firm also plans to build Actventure sites in North America, Europe, Asia and Dubai.
The launch comes after a waterslide industry leader visited the site last month.
WhiteWater CEO Geoff Chutter met with Sanad Capital founder Bradley Sutherland and Sunshine Coast Councillor Rick Baberowski last month.
Mr Chutter, whose company claims to have done more than 500 installations around the world, took a helicopter tour of the area.
In a press statement released last month, Mr Sutherland said Coast residents would see increased activity on the site as the company awaited determination of an application to the council to begin earthworks.
The application was lodged on April 11.
Mr Sutherland said work would begin as soon as the application was approved.
"We look forward to creating over 2000 direct and indirect jobs in the Sunshine Coast region throughout the construction process and adding $60 million per annum to the economy throughout the building phase," Mr Sutherland said.
Mr Chutter said the Actventure project was the first full water park design his company had been involved with in Australia.
"We are thrilled, not only because of its size and scope, but because of the awesome new slides we're planning to launch here," Mr Chutter said.
Sanad Capital has been contacted for further comment.
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