Proposed $4bn steel plant inches closer to construction

The company leading a proposed $4 billion steel plant in Gladstone says it should receive feedback on its environmental impact statement “any day now”.

According to the Gladstone Observer Boulder Steel CEO David Simpson said a response was expected shortly, and a positive outcome would help clear the way for the development process.

 

"We're expecting a response from the Coordinator-General imminently," he said.

 

Boulder is currently negotiating with potential investors from Asia, and Simpson said if the process went to plan construction on the new plant could start within 18 months.

 

In January Chinese company PCK committed to purchasing 44 per cent of the steel produced at the plant, and the company has sketched out a plan to start first steel production at the end of March 2016.

 

The project is expected to create around 2000 jobs during the construction phase, with an estimated 1800 permanent positions once the plant is operational.

 

You can find out more information about the project here.