Investors line up for Ord development

30 Mar, 2009 02:20 PM
WA's Ord River.
WA's Ord River.

Investment in the Ord Irrigation Area has taken a step forward today with investors gathering in Kununurra to explore opportunities for Stage Two of the development.

Regional Development and Lands Minister Brendon Grylls and Agriculture and Food Minister Terry Redman attended the Commonwealth Bank-hosted conference to discuss issues with key agricultural leaders and investors.

"This project is of great significance to the State. It will more than double the size of the Ord irrigation area which will provide opportunities for growth and sustainability for the economic and social development of the East Kimberly region," Mr Grylls said.

"Investors will tour the area over a couple of days and will have the opportunity to talk to community leaders and inspect the work already under way."

The Ministers will be accompanied to the Ord by senior representatives from LandCorp, the Department of Local Government and Regional Development and the Department of Agriculture and Food.

"We are bringing the various State Government departments together to work closely on this important development as we are keen to see it progress quickly," Mr Redman said.

"The Ord expansion remains an iconic project for the State Government and we are determined to see it flourish."

Commonwealth Bank head of agribusiness, Brendan White, said the significant investment by the Commonwealth and West Australian State Government in the Ord River and East Kimberley areas provided a great opportunity for the Bank to bring together ministers and investors to discuss Stage Two developments of the Ord River Irrigation Area (ORIA).

The project will double the size of the Ord irrigation area to about 28,000 hectares of agricultural land.

"Clients and investors have shown significant interest in Kimberley and Ord River area, especially the region's water resources and the potential for irrigated agriculture in the tropical north of Australia," Mr White said.

"The main objective of the Commonwealth Bank conference is to provide a channel for client and investor interest in the Ord River Irrigation Area and be the catalyst for the emerging interest among our client networks and facilitate access to the key decision makes and stakeholders as the expansion of the Ord River Irrigation Area continues.

"We are seeing considerable growth in our business operations in West Australia and we are keen to continue this growth in a tangible way by supporting initiatives such as the expansion of the Ord River Irrigation Area."



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