Northern Water ProjectSACOME reiterates its strong support for the Northern Water Project and calls for continued effort by the South Australian Government to bring it to development.
The Northern Water Project remains a critical enabler to growth of the South Australian resources sector and the South Australian Government’s hydrogen and green industry transition goals.
SACOME welcomes the strong support shown to date by the Commonwealth and State Governments, including the $100 million in equity contribution funding that formed part of the 2023 State Budget. SACOME notes that the final decision to proceed with construction of the Northern Water Project will rely on gaining required project approvals and agreements, encompassing extended consultation with traditional owners, landholders, and the community; comprehensive evaluation of environmental, engineering, and economic aspects of the project; and commercial negotiation for project delivery and water purchase. SACOME has worked collaboratively with the South Australian Government and its member companies to progress the Northern Water Project since its inception in 2020. SACOME reiterates its support for this project as a truly transformative economic development measure in the strongest terms. Completion of the Northern Water Project achieves the supply of water as an input to industrial process in the Far North, facilitates further development of the Gawler Craton, plays a critical role in production of green steel and hydrogen in the Upper Spencer Gulf and provides a new source of water for the Eastern Eyre Peninsula. Ensuring that the Northern Water Project progresses to completion remains a key priority for SACOME in 2024. |