The August 2017 update incorporates the recommendations from two Performance Audits conducted by the Audit Office of NSW (Managing Unsolicited Proposals in NSW, 2016 and NorthConnex, 2017) and the most recent periodic review (2016), providing greater clarity and public reporting.
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The space above, below, and around the infrastructure can be used for commercial parking facilities, to earn new revenues and to address congestion.
The World Bank’s Municipal Public-Private Framework Case Studies includes around 100 Project Summaries with examples of commercial value capture in various sectors and from countries around the world.
When built the facility - located at on the Bass Coast near Wonthaggi southern Victoria - will produce up to 150 billion litres of water a year, with the possibility of future expansion to 200 billion litres.
The plant will consist of:
The total investment will be approximately AUD 50 million in the initial phase, and the total estimated volume of carbon offset contribution to be generated through plantation activities will be around 4 million tCO2e, which will be further scaled up to over 10 million tCO2e depending on the market demand. Mitsui aims to combine this low carbon investment with its forestry expertise and contribute to achieving net zero emissions of Mitsui group and its business partners by 2050.
Ontario Teachers’ estimated $250M investment will give them 33% ownership.
Ontario Teachers’ and KKR have paired together before joining a $5.2 billion acquisition deal for Spark Infrastructure. GreenCollar’s business model is simple: enter a partnership with land managers – and develop land-based environmental projects that cover carbon, water, nature, and plastics.
Many of their projects protect forests and restore the land. GreenCollar also helps land managers with outcomes, regulatory approvals, auditing, monitoring, and reports.
With this new investment, Ontario Teachers’ will join KKR in supporting GreenCollar’s international expansion as well as its growth across water, nature and plastics. Just this year GreenCollar celebrated the establishment of the Reef Credits Registry, validating its foundational work in establishing a world-first water quality market targeting the Great Barrier Reef.