A.I.D. infrastructure plan seeks Australian Govt to officiate change | Asia Pacific Insight

Latest media release from A.I.D. http://asiapacificinsight.com/index.php/archives/2400 Thanks to Asia Pacific Insight for the release.

The infrastructure development could be seen as a true partnership between A.I.D. and Government. Initial discussions have occurred between A.I.D. stakeholders and: • The NSW Dep’t of Department of Premier and Cabinet and relevant statuary bodies • The Federal Government and the Federal Dep’t of Transport and Infrastructure • Infrastructure for NSW (INSW) • Infrastructure Australia (IA) To this end, A.I.D. will be resubmitting the appropriate documentation in the form of an Unsolicited Proposal for their most urgent considerations. Mr Euen said A.I.D. and stakeholders are looking forward to collaborating with the NSW and Federal Governments in finalising the necessary reports leading to project approval.

Offshore Private Equity-Based Funding Twelve billion (AUD$12b) of the required AUD$39.2 to complete the A.I.D. portfolio of projects has now been finalised. Final Negotiations are underway for the final tranche of funding required to complete the project.

Tight Fiscal Government Policy – Growing National Debt The A.I.D. “Private Enterprise Funded Infrastructure Project” provides the economy a significant boost in equity-based investment and employment creation. It has the provision to close the infrastructure gap at a time of tight fiscal constraint placing the economy on a much stronger position for its transition from a resource based dependency.

The company and its stakeholders are fully committed to ensuring the entire development is undertaken at all stages using world-best-practise in every discipline and look forward to working closely with the wider community at every stage of the development.

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Environmental Impact Assessment Environmental impact assessment of the entire development will commence shortly. Preliminary investigations indicate that there appears to be no insurmountable environmental or engineering constraints that would significantly impede the developments viability.

Coal and CSG Exports Newcastle and Port Kembla include the infrastructure required for the handling of Coal and CSG exports, these facilities will not be duplicated at the Port of Yamba.

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Constraints on existing road and rail networks are increasing in severity and action to reduce their impact has now reached a critical stage. The opportunity to shift freight from road to rail will result in enormous environmental and economic gains and should also be seen as pivotal in providing greater safety for all road users.

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Working in synergy with other major eastern capital seaports, the A.I.D. network will have the capacity and operational function to meet forecast excess freight demand. This will significantly reduce the impact of environmental and economic consequences of freight congestion on the social fabric throughout the affected areas.

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Infrastructure Design and Engineering Focus: Port Yamba and its interrelated land-side infrastructure will be designed and engineered to provide a high-level “risk mitigation” capability.

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Regional Directed Investments: It is critical that infrastructure investment support regional-based economies. Given the majority of funds raised from recent asset sales are being largely allocated to upgrade and expand metropolitan-based infrastructure, the widening gap in regional infrastructure requirements is of major concern. Rural-based agriculture and manufacturing output is fundamental to the well being of Australia’s national economy, therefore it makes practical and good economic sense to invest in infrastructure to meet rural demands.

The A.I.D. project has gained written support from various inland regional councils located throughout the development zones in NSW.