Funding Agreement Approved

Urannah Water Scheme today welcomed the announcement from the State Government that the Funding Agreement for their Detailed Business Case had been approved by Governor-in-Council marking the final step towards unlocking $10 million in Federal Government funding.

Urannah Water Scheme CEO Kerry Huston welcomed the $10 million contribution which added to the existing private sector funding.

“Our partnership with BCE as the lead economic development agency in the region is a true example of how communities can partner with the private sector”

“Christmas has come early for the Urannah Water Scheme and we welcome the support from the State Government in facilitating the final sign off prior to Christmas, bringing the project another step closer to creating jobs and water security for North Queensland.

“This announcement today gives us an additional level of certainty heading into Christmas and we can now get cracking on our EIS studies first up in the New Year.

“In just seven months since our funding was announced we have opened our Bowen Office, commenced consultation with landowners, appointed GHD and PWC to lead our evidence based Detailed Business Case, lodged the Initial Advice Statement with the Office of the Co-ordinator General for declaration as a Project of State Significance and even before our funding deed was finalised we had submitted our first milestone.

“We know how important water security is for North Queensland and we are eager to ensure our project is shovel ready as soon as possible.

“The Urannah Water Scheme will provide affordable water in North Queensland and our pumped hydro-power plant will lower the cost of electricity. During construction almost 1200 jobs will be created and more than 650 jobs once operational.