Iron Road stays committed to Cape Hardy port

Iron Road has reaffirmed its commitment to the Cape Hardy port project and will not consider using a deep sea port at Port Spencer.

In mid October it was announced that Free Eyre was invited to submit a full business case for assessment under the Australian Government’s $272.2-million Regional Growth Fund for its Port Spencer Deep Sea Wharf project.

Iron Road principal advisor stakeholder engagement Tim Scholz said the company did not see any business merit to a port at Port Spencer and remained committed to Cape Hardy.

“We withdrew from the Lipson Cove/Port Spencer area in 2010, prior to that we investigated that area as a third party user,” he said.

“That area doesn’t meet any key criteria for Iron Road.”

Mr Scholz said it was found to be too expensive to extend its project down to Sheep Hill which came down to topography, extra distance and the affect on neighbouring landowners.

He said other factors included the time and cost to prepare an environmental assessment statement and community views around the Lipson Cove area.

“We haven’t had any information in the last five years that indicate there was any reason to reconsider our decision,” he said.

“We still think all that potential is at Cape Hardy as a multi-commodity port.”

Eyre Peninsula Co-operative Bulk Handling spokesperson Bruce Heddle said discussions were ongoing between Iron Road and other potential parties at Cape Hardy.

“We remain committed to the Cape Hardy project.”