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01/12/10
16:34
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Now for my thoughts on what he has said
He doesn't understand the strong JV and corporate structure between Mitsubishi and Murchison
He is frustrated with the delay. He doesn't understand that GBG will be initially using Geraldton port
He doesn't understand that Mitsubishi is responsible obtaining the funding for OP&R. There is in depth and binding contracts in place
OP&R are agreeable to having Chinese involvement and if they choose to can have to Chinese supply funding (as along with high profile banks)
It is surprising to me that Colin Barnett doesn't have a good grasp of the reality of the situation.
He loves to point out that Labour opposes this project which does give him brownie points as the poeple can see this is good for W.A
OP&R can hopefully explain the structure to him that he doesn't comprehend, or at least publicly doesn't
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