Aus govt gives nod to GVK Hancock's Abbot Point Port project

GVK Hancock, a joint venture between GVK and Hancock Prospecting, today announced it has received approvals from the Australian government for the expansion of the existing Abbot Point Port.
"GVK Hancock welcomes decisive leadership from the Palasczcuk Government to advance approvals for the expansion of the existing Abbot Point Port. We welcome the proposal to locate dredged material onto unallocated industrial land within the Abbot Point Port boundaries in a manner, which doesn't impact already attained approvals," GVK General Manager External Affairs, Josh Euler said in a statement.
The company also welcomed the government's actions to facilitate a process, which gives proponents a clear line of sight to the end of an approvals process, Euler added.

The development of the Galilee Basin represents one of the most significant pieces of regional and economic developments the state has seen for decades and easily the most significant job creator on Queensland economic horizon, the company said in a statement.
Galilee Basin projects and associated infrastructure will provide around 7,000 jobs during the three year construction and around 4,000 direct operational jobs during its 30 plus years of operation, Euler said.
In terms of direct and indirect employment, GVK Hancock projects will produce employment for around 20,000 people throughout the region, state.