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.