Murray-Darling receives AUD400m lifeline
- From: Vol 9, Issue 9 (September 2008)
- Category: General
- Region: Asia
- Country: Australia
- Related Companies: Murray-Darling Basin Authority
The Australian government is focusing its water rights buyback programme on the Murray-Darling Basin. It has committed an extra AUD400 million to the initiative.
The federal government and the New South Wales government have combined resources to buy one of the largest water consumers in the Murray- Darling Basin. The 91,000-hectare Toorale Station was purchased for AUD23.75 million (USD19 million) on 10 September, hot on the heels of a new AUD400 million (USD320 million) water rights buyback programme aimed at protecting the ...
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