The NRL said a new stadium will be delivered for Cowboys fans following the commitment of $100 million towards the project by the Turnbull Government today.
CEO Todd Greenberg said the funding – along with a commitment of $140 million from the Queensland Government and $10 million from the game – would give North Queensland sports fans the facilities they deserve.
"This is terrific news not just for Townsville, but for all of North Queensland," Mr Greenberg said.
"A new stadium will deliver 1,650 jobs for the city at a time of need and it will be the cornerstone of a new entertainment precinct in the city.
"So not only will our fans benefit from a better experience in a new stadium, but the people of Northern Queensland will benefit from new jobs and an influx of cash into the local economy.
"It’s terrific that all sides of politics and all levels of government have now made the funding commitments needed to make a new Townsville Stadium a reality."
Mr Greenberg said the next step was for all levels of Government to work on a schedule to deliver the new stadium.