Summary and duration of the Priority Project Sample Clauses

Summary and duration of the Priority Project. B.1.1. Both Parties acknowledge that the Commonwealth has previously provided the Start-up Amount to develop the business case for this Priority Project.
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Summary and duration of the Priority Project. In the IGA, the Commonwealth agreed in-principle to provide funding to projects in New South Wales, subject to Due Diligence and compliance with the Commonwealth’s Business Case Information Requirements and this Agreement. In the IGA, the Commonwealth agreed in-principle to provide funding of up to $708 million for Priority Projects to be delivered by the State, subject to the proposed Priority Project’s satisfying the Commonwealth's Due Diligence Assessment. The State submitted a Business Case to the Commonwealth for a proposed NSW Nimmie‑Xxxxx System Enhanced Environmental Water Delivery Priority Project on 4 July 2012 (the Business Case). The Commonwealth's Due Diligence assessment of the Proposed Project against the Business Case Information Requirements was completed in June 2013. The Proposed Project was approved for funding of up to $180,133,974 (excluding GST) by the Commonwealth Minister for Sustainability, Water, Environment, Population and Communities on 24 June 2013, for the agreed project only, subject to conditions. The conditions of the final Due Diligence are now reflected in this Project Schedule. On 31 May 2019, the State advised the Commonwealth that due to underspends in deliverying the project, the funding required for this Project is up to $172,203,478 and this is now reflected in this Project Schedule. A Heads of Agreement for the implementation of the Xxxxxx-Xxxxx System Enhanced Environmental Water Delivery Priority Project was signed by the Commonwealth Minister for Sustainability, Water, Environment, Population and Communities and was signed by the NSW Minister for Primary Industries on 28 June 2013. This Priority Project consists of the following components: The purchase of 19 irrigated farming properties with a total area of 84,417 hectares (the Xxxxxx-Xxxxx Land), the ownership of which will be transferred to the State, and the transfer to the Commonwealth of 381,000 unit shares of Lowbidgee Supplementary Water Entitlement (the Xxxxxx-Xxxxx Entitlement) in one single licence; Infrastructure reconfiguration activities; Land transition arrangements; Local community offset projects; Water management actions; and Project management and governance. Project Milestones for this Priority Project are identified in Item C of this Project Schedule. This Priority Project commences on the date this Project Schedule is signed by the Commonwealth and must be completed by 30 August 2019, unless otherwise agreed in writing by the Parties. Aim ...
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Summary and duration of the Priority Project. In the IGA, the Commonwealth agreed in-principle to provide funding of up to $1.358 billion for New South Wales’ proposed projects, subject to Due Diligence of each such project and compliance with the Commonwealth’s Business Case Information Requirements and this Agreement. In the IGA, the Commonwealth agreed in-principle to provide funding of up to $50 million for a Healthy Floodplains Project subject to the Priority Project satisfying the Commonwealth’s Due Diligence Assessment. The State submitted a business case to the Commonwealth for a proposed NSW Healthy Floodplains Priority Project (Proposed Project) on 11 June 2010. The Proposed Project aimed to reform NSW water management on floodplains in the valleys where floodplain harvesting is considered to be most prevalent. The Commonwealth's Due Diligence Assessment of that Proposed Project against the Business Case Information Requirements found that it failed due diligence. The State then submitted a re-scoped proposal for the Proposed Project as provided for in Section 4.12.5 of the IGA and clause 5.1.5 of the Agreement. Both Parties acknowledge that the Commonwealth has previously provided the Start up Amount to develop the business case for this Priority Project. T otal Funding of up to $ (GST exclusive) is available in principle for this Priority Project (Stage One and Stage Two). T he Commonwealth has agreed to provide up to $ (GST exclusive) for Stage One of this Priority Project. This Priority Project also includes the conduct of a Review as set out in Item B.3.1(xi). T he Commonwealth has agreed to provide up to $ (GST exclusive) for Stage Two of this Priority Project. Of this funding, $ has not been committed to agreed activities and the Commonwealth does not commit to providing these funds: for this project without further assessment of proposed activities; and beyond 30 June 2019. This Priority Project will commence on the date this Schedule is signed and must be completed by 15 June 2019.
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Related to Summary and duration of the Priority Project

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