leadf
logo-loader
viewKangaroo Island Plantation Timbers Ltd

Kangaroo Island Plantation Timbers begins public exhibition for traffic, biosecurity and engineering design at proposed seaport

The four-week public exhibition period has started prior to a final decision around development approval of the KI Seaport development.

Kangaroo Island Plantation Timbers Ltd - Kangaroo Island Plantation Timbers commences public exhibition for proposed seaport design
The information on display includes traffic and road networks, biosecurity and engineering design

Kangaroo Island Plantation Timbers Ltd (ASX:KPT) has released information around aspects of the development of a proposed seaport at Smith Bay for a four week period of public consulation.

The information around traffic and road networks, biosecurity and engineering design for the KI Seaport is being publicly exhibited by the South Australian Government.

The company welcomes the opportunity to discuss the benefits of the project with members of the community and will respond constructively to all submissions.

“Displaying project benefits”

The company believes that the provision of this information will provide the Minister and the community of South Australia greater assurance of the benefits that this project will bring to Kangaroo Island.

KPT chairman Paul McKenzie said: “Following this third round of public consultation, I urge the Government to bring the almost four-year development assessment process to a timely and favourable conclusion, so that Kangaroo Island, like most other populated parts of South Australia, can have direct access to international markets, with the increased employment and prosperity that this will bring.

“I anticipate a significant increase in farmland prices on Kangaroo Island once the development is approved.

“This will provide farmers greater access to capital to invest in productivity-enhancing initiatives and improve farm profitability.”

Full details are available at www.plan.sa.gov.au under the Major Projects section.

Quick facts: Kangaroo Island Plantation Timbers Ltd

Price: 0.99 AUD

ASX:KPT
Market: ASX
Market Cap: $55.85 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Kangaroo Island Plantation Timbers Ltd named herein, including the promotion by the Company of Kangaroo Island Plantation Timbers Ltd in any...

FOR OUR FULL DISCLAIMER CLICK HERE

Kangaroo Island Plantation Timbers' Keith Lamb updates on insurance payouts

Kangaroo Island Plantation Timbers Ltd's (ASX:KPT) Keith Lamb tells Proactive they've received a further insurance payout in the wake of the summer bushfires. He says $4.2 million has been received to cover the replacement cost of fire-damaged houses. The fires in December 2019 and January...

on 6/4/20

2 min read