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BUSINESS CASE DEVELOPMENT
Lower Murray Water has now commenced consultation and engagement on the development of the business case for 'SMP2 Strengthening Sunraysia.'
SMP2 Strengthening Sunraysia project aims to build on the success of the $120 million Sunraysia Modernisation Project, which was completed in November. However, SMP2 is very different in its funding structure and what it plans to deliver.
Over the past few months we have held many discussions with our customers, irrigators and agribusiness developers and will look to continue this process through until the final business case submission.
The funding is being sought by the State Government from the Commonwealth Government, National Water Infrastructure Development Fund (NWIDF) and is on a 50-50 basis, with development costs shared between agricultural developers and government.
Timelines for the development of the business case are:
- Registration of intent (RoI) sought for agricultural development - 9th Jan 2017
- RoI submissions closed - 27th January 2017
- Interim Feasibility Study completed - March 2017
- Priority Project Business Case to be completed - June 2017
- Business case assessment by Government - August 2017
- Project delivery - to commence by late 2017/early 2018.
- At least 50% privately funded by agricultural developers
- Maximum of 50% Government funded - capital component
- Opportunity to give a cost benefit and water security for our in-district irrigators
- Agricultural developers will determine the location for development via the RoI process
Community Information Sessions - SMP2 Open Forums
Lower Murray Water will conducting further information sessions during late April early May and would invite interested customers and growers to come along to the sessions.
Further information on dates and times will be provided through media and our website in coming weeks.
The Business Case:
What will it achieve?
A stronger Sunraysia via jobs, development, growth and cost reductions for our growers.
Our role as LMW is to deliver water, with new agriculture developments happening regardless. By delivering additional water, LMW can keep costs down for our rural customers.
How do I get involved?
Both customers and agricultural developers can be involved in discussions about the business case development.
National Water Infrastructure Development fund
Media release SMP2 Strengthening Sunraysia