❓ Hon. Ken Travers asks about the expected timelines, parties involved, and legal obligations related to the Esperance multi-user iron ore facility project with Yilgarn Esperance Solution Ltd (YES). The parliamentary secretary provides answers regarding contract and financial closure, parties to the contract, and existing agreements.
AnsweredQoN 1088Legislative Council
QuestionView source ↗
ESPERANCE
PORT — YILGARN ESPERANCE SOLUTION LIMITED
1088. Hon KEN TRAVERS to the
parliamentary secretary representing the Minister for Transport:
I refer to question without notice 1033.
(1) When does the government expect that contract close will
occur?
(2) When does the government expect that financial close will
occur?
(3) When the minister referred to ''contract close'',
who are the parties to the contract?
(4) What legal obligations does Esperance port currently have
to Yilgarn Esperance Solution Ltd?
(5) Has
Esperance port entered into any legal agreement with YES; and, if so, what is
the nature of the agreement?
PORT — YILGARN ESPERANCE SOLUTION LIMITED
1088. Hon KEN TRAVERS to the
parliamentary secretary representing the Minister for Transport:
I refer to question without notice 1033.
(1) When does the government expect that contract close will
occur?
(2) When does the government expect that financial close will
occur?
(3) When the minister referred to ''contract close'',
who are the parties to the contract?
(4) What legal obligations does Esperance port currently have
to Yilgarn Esperance Solution Ltd?
(5) Has
Esperance port entered into any legal agreement with YES; and, if so, what is
the nature of the agreement?
AnswerView source ↗
I thank the honourable member for some notice of this
question.
With respect to the Esperance multi-user iron ore facility
project —
(1) Contractual closure is expected by the end of the year.
(2) Financial
closure is expected following contractual closure, provided a valid business
case exists at that time.
(3) The
parties to the contract will be the Southern Ports Authority, as successor to
Esperance Port Authority/Esperance Ports Sea and Land, and a special purpose
vehicle to be formed by the YES consortium with a parent company guarantee.
(4) To keep
information gained in the process confidential and to negotiate in good faith
with the YES consortium.
(5) Yes, it is a confidentiality deed and a preferred
proponent nomination agreement.
question.
With respect to the Esperance multi-user iron ore facility
project —
(1) Contractual closure is expected by the end of the year.
(2) Financial
closure is expected following contractual closure, provided a valid business
case exists at that time.
(3) The
parties to the contract will be the Southern Ports Authority, as successor to
Esperance Port Authority/Esperance Ports Sea and Land, and a special purpose
vehicle to be formed by the YES consortium with a parent company guarantee.
(4) To keep
information gained in the process confidential and to negotiate in good faith
with the YES consortium.
(5) Yes, it is a confidentiality deed and a preferred
proponent nomination agreement.
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