$12M agreement reached for T4
Port Waratah Coal and Newcastle Council have entered into a voluntary planning agreement (VPA) for developer contributions relating to the Terminal 4 project.
State planners originally indicated that a contribution of $524,000 would be adequate for the $5 billion project. However following the VPA, PWCS has agreed to pay $12 million to Newcastle council should the T4 coal loader project go ahead. The agreement proposed a $528,140 representing developer contributions, $1.5 million for infrastructure projects and $400,000 per annum per year for 25 years.
The T4 project is still being considered for approval by the state's Planning Assessment Commission.
Other Articles from this issue
Bloomfield and Glencore to acquire Integra coal operations in the Hunter
The Bloomfield Group and Glencore Plc have signed binding agreements to acquire the Integra coal mine complex from Vale ...
National recognition for local training program
A locally designed migrant training and employment program has been announced as a finalist in the 2015 Australian Migra...
TAFE & Knights support Deadly Skills
Hunter TAFE, the Aboriginal Learning Circle and the Newcastle Knights have collaborated on a project designed to encoura...
HVTC collaboration provides training for welding industry
A Centre of Excellence is being established near Maitland under a new training delivery partnership between HVTC and the...