port progress, page-3

http://yipa.com.au/doc/2013_10_26_Briefing_Note_-_Esperance_MUIOF_WA_govt_support.pdf

The WA State government has ruled out a direct contribution to the Esperance port upgrade mainly due to the states debt problem. The main issue revolves around the miners being unable to enter a take or pay agreement without a BFS which requires a port to be available. The successful MUIOF builder wont commit to the upgrade without take or pay agreements being finalised with the miners.

YIPA has been trying to get the WA government to guarantee the port upgrade funds out of the future royalties that the port will produce, which is estimated at around $1 billion over 10 years.