JOINT STATEMENT
Around 750 construction jobs for North Queensland are a step closer after the $1.7 billion CopperString 2.0 project secured a major $17 million financing agreement with Korea Zinc Company Limited.
Premier Annastacia Palaszczuk said her Government had been a long-term supporter of the job-generating proposal to construct a 1,100 kilometre transmission line to connect the North West Minerals Province with the National Electricity Market.
“That’s why I announced my Government had entered into an implementation agreement with CopperString late last year to provide certainty for the project and the jobs it provides,” the Premier said.
“It’s big projects like this that will help in Queensland’s economic recovery and long term growth opportunities.
Date Time
Delivering CopperString 2.0 and creating regional jobs in Queensland
Joint media release with Prime Minister Scott Morrison, Minister for Energy and Emissions Reduction Angus Taylor, and Member for Herbert Phillip Thompson
The Liberal National Coalition Government is backing regional jobs, industry development and affordable reliable power through continued support for CopperString 2.0.
The Morrison Government is announcing support of up to $11 million to help progress the project to Final Investment Decision in 2021.
Prime Minister Scott Morrison said this support will help deliver this important energy project for the people of Queensland.
“Our support for CopperString is an investment in the future of Queensland that will bring power prices down, create 750 direct construction jobs and unlock the significant economic potential of the North West Minerals Province,” Prime Minister Morrison said.