Oakajee Port and Rail (OPR) has delivered the bankable feasibility study for its eponymous infrastructure project to the Western Australian Government.
The company has also delivered the draft implementation agreements to the State Government.
OPR chief executive John Langoulant said the draft study reflected detailed engineering and technical studies and commercial analysis undertaken over the past three years.
“It will allow the State Government to undertake due diligence to support its funding commitment,” he said.
“OPR has undertaken an extensive process of planning, research, investigation and design studies and has found that the project is technically and operationally feasible.”
OPR was appointed by the State Government in March last year to create an integrated open access multi-user deepwater port and an integrated rail network.
The rail network will connect the port with mines in the mid-west and will be capable of integrating with other WA rail infrastructure.
The planned initial capacity of the port is 45 million tonnes per annum, including two Cape Class berths.
This could be expanded when demand for capacity increases.
“The positive findings of the studies, coupled with strong interest from regional miners in utilising the new port and rail supply chain, strengthen the business case and our confidence in the technical feasibility of this complex infrastructure task,” Langoulant said.
“The current major areas of activity include further engineering studies and progressing our approvals program together with negotiation of supply chain agreements with our potential foundation customers – Karara Mining, Sinosteel Midwest and Crosslands Resources – which we expect to complete later this year.
“By clarifying the tonnage, timing and technical requirements of foundation customers, we will then be in a better position to assess the commercial feasibility of the project targeted for completion by the end of the year.”