A strategy to develop the Galilee Basin and deliver up to 28,000 new jobs was unveiled by the Queensland Government today.
Speaking at the Major Projects Conference in Brisbane, Premier Campbell Newman said the Galilee Basin Development Strategy would kick start development in the Basin by reducing red tape and speeding up approvals.
“The Galilee Basin Development Strategy is designed to encourage first movers – those proponents whom the government consider would play a vital role in opening up the basin for their own projects and opening up the basin for other miners as well.” The Premier said.
“The Newman Government is offering a ramp-up-to-royalty initiative whereby the government will consider offering reduced royalties for an initial period of time. We are also offering access to the T2 site at Abbot Point port, the key potential coal stockpiling and handling site within the priority port development area.”
The Deputy Premier and State Development, Infrastructure and Planning Minister Jeff Seeney said the proposed projects had a total forecast investment of $28.4 billion and would provide over 15,000 jobs during construction and over 13,000 operational jobs.
“Companies that are currently investigating opening mines in the Galilee Basin are contemplating many billions of dollars of investments,” Mr Seeney said.
“My government is mindful of the financial magnitude of these investments and the long lead times between financial commitment and shipping the first coal to its offshore destination, which is why we are offering incentives.
Galilee Basin Development Strategy November 2013 is available to download from www.dsdip.qld.gov.au/
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