Wednesday, 19th December 2018
Morrison Government investment in Copper String
The Morrison Liberal National Government has invested another $4.7 million to prove up work for an electricity transmission line between Cloncurry and Hughenden.
LNP Candidate for Kennedy Frank Beveridge and North Queensland’s only Senator, Ian Macdonald welcomed the commitment by the Federal Liberal National Government as yet another significant investment in North West Queensland.
Mr Beveridge and Senator Macdonald said that whilst the Copper String proposal had been around for some time it had not progressed because earlier studies had suggested the project was not commercial.
“This funding is for further work to be to take into account recently commissioned renewable projects in the area.
“Although the former Labor Government had promised $335 million back in 2011, this funding was never delivered as there was never any reliable Business Case or Feasibility studies done that demonstrated the projects commerciality.”
Should this initial development work prove beneficial, the proponents would be seeking further funding of up to $150 million which the Government may consider as a loan through the Northern Australia Infrastructure Facility.
Mr Beveridge said that the Liberal National Federal Government had proved its commitment to the North and West of Queensland with massive investment in Roads, Health, Water, Defence and other project of long term benefits for development of the North.
Senator Macdonald said that the North Australian White Paper which was an initiative of the Liberal National Government had meant massive funding for the North.
The proponent of the program met with the Prime Minister recently and indicated the project would reduce the cost of delivering electricity to the North West Mineral Province.
“Anything that reduces electricity costs for the North West is something we support,” Mr Beveridge and Senator Macdonald said.
“And hopefully this additional support will prove up the case.”