GVK Hancock has on Thursday announced that the Queensland Government has advanced approvals for the expansion of the existing Abbot Point Port project.
In a statement, GVK Power & Infrastructure Limited, which owns the GVK Hancock project, welcomed the proposal to locate dredged material onto unallocated industrial land within the Abbot Point Port boundaries in a manner, which doesn’t impact already attained approvals.
“We commit to funding the environmental approvals and welcome the Government’s actions to facilitate a process, which gives proponents a clear line of sight to the end of an approvals process. We are committed to continuing to work with Government to advance our projects where construction can commence and we can start creating jobs for Queensland,” a statement on the company website mentioned.
The development of the Galilee Basin represents a significant economic development in the Queensland economic horizon.
The company stated, “Our Galilee Basin projects and associated infrastructure will provide around 7,000 jobs during the three year construction and around 4,000 direct operational jobs during its 30 plus years of operation.”
The company expects direct and indirect employment of around 20,000 people.
“The next steps for our projects include finalising all of our approvals, before executing coal off-take agreements and finalising financing arrangements, which then allows us to commence construction,” the statement said.