Cobalt59, with Clearwater and economist Rod McInnes, was commissioned by Eurobodalla Shire Council to do a cost benefit analysis for the new off stream southern water storage, drawing on storm flows from the Tuross River.
Cobalt59 provided the systems analysis and extensive water programs evaluation experience.
The task was to show the project was of demonstrable public benefit and had a national interest element, including through securing the nation's water security, building resilience to future drought, supporting primary industries and promoting regional prosperity, including through the creation of jobs.
The project also had to be compliant with the National Water Initiative principles, including:
a. The development must be entirely consistent with requirements under the NSW Local Government Act and Water Management Act
b. The pricing for infrastructure services should be consistent with the National Water Initiative principles
c. The project should be economically and ecologically sustainable.
d. The project should require no additional water releases
The funding application for $105million was successful. See below.
"105-million-water-storage-project-now-secure"
We enjoyed doing the detailed discovery and analysis required for the funding. The success of this application greatly benefited from the amazing work by Brett Corven, Manager Water and Sewer, Eurobodalla Shire. Eurobodalla are very lucky to have him!
If you have a particular situation you would like to discuss, please get in touch.
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