Adani is pleased to announce that it has secured an agreement with the Queensland Government on an onshore dredge disposal option that ensures its plan for delivering 10,000 jobs and $22 billion in taxes and royalties proceeds in line with previously advised timelines.
The agreement is consistent with Adani’s clear commitment to work with both sides of politics to deliver jobs and infrastructure in Queensland.
With five years’ worth of rigorous environmental approvals processes having been concluded under both Labor and LNP state and federal governments, today’s announcement is a further demonstration of the importance successive governments have placed on the substantial economic contribution Adani’s projects will make to Queensland subject to strict environmental regulations.
Adani CEO and Country Head, Jeyakumar Janakaraj says today’s announcement in Townsville by Premier Annastacia Palaszczuk and State Development Minister Dr Anthony Lynham shows the strong emphasis the state government had placed early in its term on securing jobs for the state.
“I welcome today’s announcement because it demonstrates the priority the government has placed from the outset on ensuring economic development proceeds in Queensland subject to robust environmental standards”, Mr Janakaraj says.
The expansion of the port at Abbot Point lies at the heart of Adani’s mine, rail and port projects in Queensland. The port, previously the subject of strictly regulated dredging campaigns, has operated safely and without incident for thirty years.
Like previously concluded, well-managed dredging campaigns at the port, it will be considerably smaller than those at comparable ports in Queensland, at 1.05 million cubic metres of dredged material for Adani’s component of the dredging, or between a third and a fifth of what some commentators have claimed is being sought.
Long the lifeblood of Bowen, strictly regulated dredging to deliver additional capacity at Abbot Point is key to opening up the Galilee Basin and ensuring that the jobs, taxes and royalties they’ll deliver, together with the frontline services that will pay for in our state, can proceed as planned.
Technologically advanced, closely scrutinised dredge campaigns to both maintain and expand well regulated ports are vital for Queensland’s economy.
The Queensland Government, through the Department of State Development, Infrastructure and Planning, will be the dredging proponent, consistent with longstanding practice that reflects the state’s position as the owner of the port.
The cost of the dredging campaign will be borne by proponents such as Adani, as was also the case with the proposal advanced by the previous state government. It is envisaged that the Queensland Government will soon proceed with application for an approval of this option from Federal Environment Minister Greg Hunt.
Today’s announcement reflects a consistent approach in both Canberra and Brisbane with respect to onshore disposal that Adani has publicly welcomed for some time.
Adani has consistently said that it will be guided by the best science and best advice on the options available to it from approving authorities with respect to dredging and disposal options.
The option worked through with the state government, T2 at Abbot Point, is a site proximate to the existing terminal that was not available when offshore disposal was contemplated.
Adani says it has long welcomed the move to well managed and closely regulated onshore disposal of dredge spoil at such a site, as it is key to underpinning community confidence in our projects.
The company is confident that this disposal option, based on the best scientific advice and undertaken in adherence with the strict state and federal environmental approval regimes in place, will be a key milestone in its plan to build a long term future with Queensland.