CopperString
PROJECT UPDATE
CopperString has undertaken a comprehensive review of the project scope over the last few weeks. The outcome of this review is a significantly more efficient, technical and commercial solution.
Importantly, the underlying benefits of providing access to the national grid for the NWMP, Clean Energy Corridor and Northern Galilee Basin have remained unchanged.
CopperString is continuing to work with Queensland and Australian Governments to progress the development of the project, and once all agreements are in place with key partners, the details of the project review will be outlined.
The construction schedule has not been impacted by the review process and is still programmed to commence in the second quarter of 2012. The revised project completion date is late 2014 or early 2015.
CopperString has received very firm support from all stakeholders and remains strongly committed to delivering this significant infrastructure for northern Queensland.