Achieve savings of $872.5 million over 11 years from 2022-23 through responsible investment decisions on National Water Grid Fund projects.
The Government will achieve savings of $872.5 million over 11 years from 2022-23 through responsible investment decisions on National Water Grid Fund projects, including not proceeding with: * $595.0 million over 7 years from 2026-27 for the Dungowan Dam project, as the business case did not provide sufficient support for construction of the project * $162.5 million over 7 years from 2026-27 for the Emu Swamp Dam and Pipeline project, which is being reconsidered against alternative options as part of the regional water assessment * $39.7 million over 4 years from 2022-23 for the Southern Forests Irrigation Scheme project, as additional planning activities did not provide sufficient support for construction of the project * $35.0 million over 3 years from 2022-23 for the Fingal Irrigation Scheme, as low customer demand does not support construction of the project * $40.3 million over 3 years from 2022-23 for projects that are being re-scoped, not progressing or do not require additional Commonwealth funding. The measure also defers funding of $19.1 million from 2026-27 for the Wyangala Dam Wall Raising and the Hughenden Irrigation Scheme projects, with a final decision on these projects to be taken once planning work is complete. The savings from this measure will be redirected to fund other Government priorities. This measure builds on the 2022-23 October Budget measure titled Government Spending Audit - National Water Grid Fund - responsible investment. Climate Change, Energy, the Environment and Water |