Water Storage & Irrigated Agriculture – Richmond, North West Queensland

Sector

Water storage and irrigated agriculture

Opportunity

Construct a new water storage facility at O’Connell Creek

Location

Richmond, North West Queensland, Australia

Investment type

Greenfield

Investment opportunity highlights

Establishment of a new water storage facility to expand irrigated cropping

Investment required

AUD$130 – AUD$200 million

Timeframe

Dependent on investor

Financial information

Further information available on request

Why invest?

  • Global demand puts northern Australia in an excellent position to capitalise on rising demand for food crops in Asia and the Middle East
  • Pre-feasibility studies have been undertaken with the support of local government and key regional stakeholders
  • Storage capacity 190,000 megalitres
  • Potential cropping land 15-20,000 hectares of arable cropping land
  • Irrigation water used as “all in all out” per year
  • Irrigation can be a mix of flood, centre pivots, and trickle systems
  • Cropping area adjacent to the storage area
  • Substantial areas suitable for dryland cropping
  • The gravity design allows low energy and maintenance expenditure
  • Further property mapping will be required
  • Close proximity to road and rail corridor to Townsville Port
  • Local producers are keen to work with investors to devise commercial structures that would support the development of a water storage facility in order to share risk and manage seasonal issues

Company

Mount Isa to Townsville Economic Zone (MITEZ) and Richmond Shire Council (RSC)

Further information

Glen Graham at MITEZ:  E   W www.mitez.com.au  P +61 7 4743 3488
Richmond Shire Council: W www.richmond.qld.gov.au

 

Sponsors/Clients
Sponsors/Clients