Multimillion-dollar plan to overhaul Dreamworld

Struggling theme park Dreamworld will undergo a multimillion-dollar overhaul as part of a bid to put its dangerous past behind it.

Dreamworld is set to undergo a multimillion-dollar overhaul, as the findings from an inquest into four deaths on one of its rides are yet to be released.

The Gold Coast theme park will undergo a $50 million revamp that includes a state-of-the-art rollercoaster, six new water slides and an extensive overhaul of the entire precinct, The Courier Mail reports.

The investment comes as the park’s latest ride, the Sky Voyager “flying theatre”, finally opens to the public.

“Investment into new rides, attractions and technologies to improve customer experience is key for Dreamworld’s future direction,” the theme park’s CEO, John Osborne, said. “Today’s announcements, along with the opening of Sky Voyager is a fantastic start to our transformation of the park.”

Dreamworld's Sky Voyager is complete and undergoing final commissioning work ahead of its public launch. Photo: Supplied

The Sky Voyager has been deemed safe enough to open to the public more than nine months after its completion.

New laws around the registration and operation of amusement park rides, forged after the 2016 Dreamworld tragedy, came into effect in May.

In addition to the $20 million Sky Voyager ride, a $30 million thrill-ride rollercoaster, which would feature a 1.2 kilometre track, multiple inversions and would be capable of reaching speeds of more than 100km/h, is also in the pipeline,

ABC KIDS World will also be in for a multimillion-dollar revamp, while sister park WhiteWater World will construct a new water-slide complex.

The highly-anticipated findings of a coronial inquest into the deaths of four people in Dreamworld’s Thunder River rapids ride in 2016 are still yet to be released.