Major Project status was awarded to Transborders Energy’s FLNG Solutions development by the Australian Commonwealth Government in July 2021
https://transbordersenergy.com/blog...-offshore-gas-resources-via-its-flng-solution
Major Project Status formally recognises the significance of a project to the Australian economy. If your project is recognised you'll get extra support and coordinated approvals.
What do you get?
Who is this for?
- A single entry point for Commonwealth Government approvals
- Project support and coordination
- Help with state and territory approvals
Developers with projects over $50 million and of strategic significance to Australia.
Overview
Major Project Status is the Australian Government’s recognition of the national significance of a project – for economic growth, employment or for regional Australia.
If your project gets Major Project Status, you’ll get extra support from the Major Projects Facilitation Agency (MPFA). This includes help with coordination and facilitation of Commonwealth Government approvals. Your project may need a range of approvals such as environmental, biosecurity or foreign investment approvals.
Your project needs to meet the following criteria.
1. The project is of strategic significance to Australia
The project's estimated investment must be more than $50 million.
It must either:
Major project developers need to be able to provide details of:
- contribute significantly to economic growth, exports, employment and/or infrastructure development
- have an economic benefit to regional Australia, considering a region's investment needs
2. The project requires Commonwealth Government approvals or involvement
- major elements of total capital expenditure
- major capital equipment items
- cost estimates from feasibility studies
- employment numbers for different phases of the project
The project requires either:
Commonwealth Government approvals may include:
- approvals under Commonwealth Government legislation
- significant Commonwealth Government involvement, including through government programs
Government programs may include:
- environment and heritage approvals
- customs and biosecurity approvals
- approvals under the Offshore Petroleum and Greenhouse Gas Storage Act 2006 (and related Acts)
- foreign investment approval
- import tariff concessions
3. The project has sufficient financial resources and is commercially viable
- employment and training programs
- immigration programs
Developers need to show that the project has attracted enough funding, at least enough to complete the approval processes.
You’ll need evidence of adequate funding and support such as:
Before you contact the MPFA, check your project:
- evidence of support from governments and communities
- resolutions of support from the board of a parent company
- a letter of support from a parent company or investor
- letters of intent, heads of agreement or other commercial documents, offtake and supply agreements, audited company accounts
- feasibility studies, business case or financial viability assessments
- is over $50 million
- requires Commonwealth Government approvals or involvement
- has sufficient funding and is commercially viable
https://business.gov.au/grants-and-programs/major-project-status
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