Tuesday, November 20, 2012

Chinese Win Right to Develop Ord Stage 2

One of the worst kept secrets is now public knowledge - The Chinese company has been the winning bidder for Ord Stage 2 to develop the irrigation extension, and will develop a sugar mill and sugar farming.

It is a 50 year lease, not a sale.

It is expected that further development of the Wyndham port will occur, as the obvious export point for the sugar.  There are other complementary issues - co-generation of electricity, probable bioethanol production, along with the farming and general developent of the area.

AND......it begs the question.......will the NT side of the border be the next to be developed??  That is still probably 5-7 years away, maybe even 10 years, but it is a logical step to take.

The ABC has quite an article on the web site - http://www.abc.net.au/news/2012-11-20/chinese-company-wins-ord-stage-2-tender/4381920

But I expect there might be a lot more detail to be available later today.

A big development issue for the north to get a tick.  It has been a long time coming!

UPDATE - As expected, more information is becoming available on this story, with this link providing more details from the ABC WA country hour web site: http://www.abc.net.au/rural/news/content/201211/s3636837.htm



No comments: