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OCTOBER 2008FEASIBILITY UPDATE – UMKOMANZI PARK
Erf 559 (of 536) and Rem 17 –umkomanzi drift
Development Facilitators, Property Brokerage, Project and Construction Management to the Property Industry
Jason Wilkes and Eric Quevauvilliers
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DEVELOPMENT: Umkomanzi Park ConsolidatedESTIMATED DEVELOPMENT COST:
Date :REVISION : 5 Revision Date : 11-Dec-08
% of % ofLand Infrastructure Cost Dev Cost SellingBuilding Cost 0.0%
Bulk contribution 12,420,000 7.7% 5.4%Service infrastructure 59,966,871 37.1% 25.8%Entrance,Connections 16,586,614 10.2% 7.1%Pre-tender escalation 1,750,000 1.1% 0.8%Post-tender escalation 2,270,000 1.4% 1.0%Estimated Infrastucture Cost 92,993,485 57.5% 40.1%Professional fees & Costs 14,300,000 8.8% 6.2%Interim interest on Construction Period 15.0% 17,940,263 11.1% 7.7%
125,233,748 77.4% 54.0%
Land CostPurchase price of land 18,500,000 11.4% 8.0%Transfer & Legal costs, Company etc 110,000 0.1% 0.0%Interim Interest on Land 15.0% - 0.0% 0.0%
18,610,000 11.5% 8.0%
Production CostsLegal/Audit Company / Bond Fee 720,000 0.4% 0.3%Land Surveyor Certificates 250,000 0.2% 0.1%Rates & Taxes 360,000 0.2% 0.2%Services Consumables 360,000 0.2% 0.2%Contingency 3,130,000 1.9% 1.3%NHBRC - 0.0% 0.0%Interim Interest - 0.0% 0.0%Bond Finanace Raising Fee 1,500,000 0.9% 0.6%Submission Fees & Disbursments 500,000 0.3% 0.2%Marketing 0.50% 1,000,000 0.6% 0.4%Sales Commission & Marketing 5.00% 10,178,427 6.3% 4.4%
17,998,427 11.1% 7.8%
TOTAL DEVELOPMENT SALES VALUE COST RATIOLand Infrastructure Cost 125,233,748 77.4% 54.0%Land Cost 18,610,000 11.5% 8.0%Production Costs 17,998,427 11.1% 7.8%SUB-TOTAL 161,842,175 100.0%Margin 25.8% 41,726,212 18.0%
203,568,387 VAT @ 14% 28,499,574 100.0% 12.3%TOTAL Development Sales Value 232,067,961 100.0%
Revenue Breakdown 232,068,125.00
Individual Stand Selling 291 185,750.00R 54,053,250.00
Intermediate Residential 371 145,000.00R 53,795,000.00
General Residential 431 145,000.00R 62,495,000.00
Commercial GROSS m2 Selling 79,645 775.00R 61,724,875.00
October-08
Sub-total : Infrastructure
Sub-total : Land
Sub-total : Production Costs
Umkomanzi Park -Start Aug 07 CONSOLIDATE 11 Nov08 Present Summary Presentation]
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DEVELOPMENT: UMKOMANZI DRIFTESTIMATED DEVELOPMENT COST:
Date :REVISION : 14 Revision Date : 11-Dec-08
% of % of Cost perLand Infrastructure Cost Dev Cost Selling OpportunityBuilding Cost 0.0%
Bulk contribution 3,942,000 5.1% 3.5% 5,490.25R Service infrastructure 29,634,833 38.3% 26.4% 41,274.14R Entrance,Connections 3,498,376 4.5% 3.1% 4,872.39R Pre-tender escalation 2.0% 730,000 0.9% 0.7% 1,016.71R Post-tender escalation 2.5% 950,000 1.2% 0.8% 1,323.12R Estimated Infrastucture Cost 38,755,210 50.1% 34.6% 53,976.61R Professional fees & Costs 14.5% 5,620,000 7.3% 5.0% 7,827.30R Interim interest on Construction Period 15.0% 8,340,853 10.8% 7.4% 11,616.79R
52,716,062 68.2% 47.0% 73,420.70R
Land CostPurchase price of land 16,000,000 20.7% 14.3% 22,284.12R Transfer & Legal costs, Company etc 0.5% 80,000 0.1% 0.1% 111.42R Interim Interest on Land - 0.0% 0.0% -R
16,080,000 20.8% 14.3% 22,395.54R
Production CostsLegal/Audit Company Assembly/ Bond Fe 0.50% 340,000 0.4% 0.3% 473.54R Land Surveyor ERF Certificates 0.20% 140,000 0.2% 0.1% 194.99R Rates & Taxes 0.25% 170,000 0.2% 0.2% 236.77R Services Consumables 0.25% 170,000 0.2% 0.2% 236.77R Contingency 2.50% 1,320,000 1.7% 1.2% 1,838.44R NHBRC 0.00% - 0.0% 0.0% -R Interim Interest - 0.0% 0.0% -R Bond Raising Fee R 35 million 2.00% 700,000 0.9% 0.6% 974.93R Submission Fees & Disbursments 0.35% 240,000 0.3% 0.2% 334.26R Marketing 0.73% 500,000 0.6% 0.4% 696.38R Sales Commission & Marketing 5.00% 4,914,748 6.4% 4.4% 6,845.05R
8,494,748 11.0% 7.6% 11,831.13R
TOTAL DEVELOPMENT SALES VALUE COST RATIOLand Infrastructure Cost 52,716,062 68.2% 47.0% 73,420.70R Land Cost 16,080,000 20.8% 14.3% 22,395.54R Production Costs 8,494,748 11.0% 7.6% 11,831.13R SUB-TOTAL 77,290,810 100.0% 107,647.37R Margin 27.18% 21,004,002 18.7% 29,253.48R
98,294,812 136,900.85R VAT @ 14% 13,761,274 100.0% 12.3% 19,166.12R TOTAL Development Sales Value 112,056,086 100.0% 156,066.97R
Opportunity AnalysisEscalation = 2.50% Erf Gross Area OpportunityInterest = 15.0% YieldPlanning period = 9 Erf 559 475,506.00 856Construction period = 24 Erf 536 325,147.00 585Total Professional Fees 14.5%Marketing Cost = 1.0% 800,653.00 1441Sales Commission = 5.0% Roads & 50%Contingency = 2.5% Environmental factorNHBRC = 1.3%
Units per hectare 18
DEVELOPMENT ASSUMPTIONACTUAL YIELD 718 Revenue
Breakdown
Average Opportunity Selling 156,066.97R 112,056,086.14R 112,056,250.00
Individual Stand Selling 195 185,750.00R 36,221,250.00
Intermediate Residential 210 145,000.00R 30,450,000.00
General Residential 313 145,000.00R 45,385,000.00
December-06
Sub-total : Infrastructure
Sub-total : Land
Sub-total : Production Costs
Variables
718
156,066.97R
Umkomanzi Park -Start Aug 07 CONSOLIDATE 11 Nov08 Present Presentation Phase 1
Umkomanzi Drift Updated Cash Flow - Phase 1
29 29 25 39 68 111
33 56 37 87 37 30 37 37 6670
712
6 265
4734
414
811
270
7834
473 88
302
142
142
40 123 37
818
6-2
4378
226
536
359
-120
-164
118
-105 30 47
29 57 82121
188300333
389426
513550581618655
7201,427
1,5531,818
1,8662,210
2,3582,369
2,6392,717
3,0613,134
3,2213,523
3,6653,8073,847
3,9704,348
4,5354,2924,369
4,596
-500
500
1500
2500
3500
4500
Aug-07
Oct-07
Dec-07
Feb-08
Apr-08
Jun-08
Aug-08
Oct-08
Dec-08
Feb-09
Apr-09
Jun-09
Aug-09
Oct-09
Dec-09
Feb-10
Apr-10
Jun-10
Aug-10
Oct-10
Dec-10
Feb-11
Apr-11
Months
Ran
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000
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Cash Flow incl VATCumulative
Phas
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DEVELOPMENT: REM 17 Umkomanzi DriftESTIMATED DEVELOPMENT COST:
Date :REVISION : 8 Revision Date : 11-Dec-08
% of % of Cost perLand Infrastructure Cost Dev Cost Selling OpportunityBuilding Cost 0.0%Bulk contribution 8,478,000 10.0% 7.1% 17,127.27R Service infrastructure 30,332,037 35.9% 25.3% 61,276.84R Entrance,Connections 13,088,238 15.5% 10.9% 26,440.88R Pre-tender escalation 2.0% 1,020,000 1.2% 0.8% 2,060.61R Post-tender escalation 2.5% 1,320,000 1.6% 1.1% 2,666.67R Estimated Infrastucture Cost 54,238,275 64.1% 45.2% 109,572.27R Professional fees & Costs 16.0% 8,680,000 10.3% 7.2% 17,535.35R Interim interest on Construction Perio 15.0% 9,599,411 11.4% 8.0% 19,392.75R
72,517,686 85.8% 60.4% 146,500.38R
Land CostPurchase price of land 2,500,000 3.0% 2.1% 5,050.51R Transfer & Legal costs, Company etc 1.0% 30,000 0.0% 0.0% 60.61R Interim Interest on Land - 0.0% 0.0% -R
2,530,000 3.0% 2.1% 5,111.11R
Production CostsLegal/Audit Company / Bond Fee 0.50% 380,000 0.4% 0.3% 767.68R Land Surveyor Certificates 0.15% 110,000 0.1% 0.1% 222.22R Rates & Taxes 0.25% 190,000 0.2% 0.2% 383.84R Services Consumables 0.25% 190,000 0.2% 0.2% 383.84R Contingency 2.50% 1,810,000 2.1% 1.5% 3,656.57R NHBRC 0.00% - 0.0% 0.0% -R Interim Interest - 0.0% 0.0% -R Bond Raising Fee R 40 m 2.00% 800,000 0.9% 0.7% 1,616.16R Submission Fees & Disbursments 0.35% 260,000 0.3% 0.2% 525.25R Marketing 0.66% 500,000 0.6% 0.4% 1,010.10R Sales Commission & Marketing 5.00% 5,263,679 6.2% 4.4% 10,633.69R
9,503,679 11.2% 7.9% 19,199.35R
TOTAL DEVELOPMENT SALES VALUE COST RATIOLand Infrastructure Cost 72,517,686 85.8% 60.4% 146,500.38R Land Cost 2,530,000 3.0% 2.1% 5,111.11R Production Costs 9,503,679 11.2% 7.9% 19,199.35R SUB-TOTAL 84,551,365 100.0% 170,810.84R Margin 24.51% 20,722,210 17.3% 41,863.05R
105,273,575 212,673.89R VAT @ 14% 14,738,300 100.0% 12.3% 29,774.34R TOTAL Development Sales Value 120,011,875 100.0% 242,448.23R
Opportunity AnalysisEscalation = 2.50% Erf Gross Area OpportunityInterest = 15.0% YieldPlanning period = 9 Rem 17 813,431.00 1220Construction period = 24 - 0Total Fees + costs = 16.0%Marketing Cost = 1.0% 813,431.00 1220Sales Commission = 5.0% Roads & 31%Contingency = 2.5% Environmental factorNHBRC = 1.3%
Units per hectare 15
DEVELOPMENT ASSUMPTION ACTUAL YIELD 375
Commercial 30 RevenueBreakdown
Average Opportunity Selling 242,448.23R 120,011,874.56R 120,011,875.00
Individual Stand Selling 96 185,750.00R 17,832,000.00
Intermediate Residential 161 145,000.00R 23,345,000.00
General Residential 118 145,000.00R 17,110,000.00
Commercial GROSS m2 Selling 79,645 775.00R 61,724,875.00
March-08
Sub-total : Infrastructure
Sub-total : Land
Sub-total : Production Costs
Variables
495
242,448.23R
Umkomanzi Park -Start Aug 07 CONSOLIDATE 11 Nov08 Present Presentation Phase 2
UMKOMANZI PARK CASHFLOW PHASE 20 0 0 0 0 0 0 0 0 0 0 0 48 48 73
929
9627
878 19
848
228
73 145
48 121
145
51 51 51 51 101
151
161
206
151 42
130
120
181
231
76 101
11855
109186
1,2381,336
1,5231,599
2,5882,803 2,424
2,6572,733
3,1403,291
3,3803,666
3,7823,9043,955
4,0704,451
4,8264,776
4,9305,168
5,4085,8835,840 5,5765,824
5,6535,620
6,055
595
0
1000
2000
3000
4000
5000
6000
7000
Aug-07
Oct-07
Dec-07
Feb-08
Apr-08
Jun-08
Aug-08
Oct-08
Dec-08
Feb-09
Apr-09
Jun-09
Aug-09
Oct-09
Dec-09
Feb-10
Apr-10
Jun-10
Aug-10
Oct-10
Dec-10
Feb-11
Apr-11
Months
Ran
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00)
Monthly Cashflow incl VATCummulative
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GENERAL COMMERCIAL
GENERAL RESIDENTIAL
SPECIAL RESIDENTIAL 1
PRIVATE CONSERVATION
732m²23456789
1011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374
767778798081828384858687888990919293949596979899
100
101102103104105106107108109110111112113114115116117118119120121122123124125126127128129130131132133134135136137138139140141142143144145
1909m²710m²931m²
1280m²23500m²
5365m²1125m²1125m²1125m²1125m²1125m²1558m²
12115m²700m²700m²700m²700m²700m²700m²
4468m²743m²777m²
767m²700m²700m²716m²
8932m²11528m²
781m²781m²781m²781m²781m²781m²781m²781m²781m²
1002m²937m²937m²937m²937m²
937m²937m²937m²937m²937m²790m²945m²945m²945m²945m²936m²777m²904m²904m²904m²
1120m²745m²700m²804m²804m²804m²885m²864m²730m²772m²
1575m²1016m²845m²
1016m²845m²
1016m²
1010m²845m²850m²845m²
1002m²845m²773m²706m²978m²975m²
1038m²783m²715m²703m²806m²743m²730m²
1176m²1176m²893m²
22757m²837m²711m²732m²713m²
756m²774m²794m²716m²738m²787m²747m²874m²
1016m²1622m²
793m²553m²556m²967m²830m²745m²873m²843m²843m²843m²843m²
15872m²951m²889m²
1365m²794m²
1042m²1144m²
19840m²6599m²
800m²843m²800m²846m²800m²846m²800m²846m²800m²846m²800m²846m²800m²
1030m²800m²973m²
19925m²17097m²1363m²1433m²1642m²1000m²1000m²1001m²1001m²1001m²1001m²1001m²1001m²1001m²1001m²
922m²807m²857m²951m²
1102m²1177m²1177m²1177m²1177m²1177m²1143m²1214m²2013m²
977m²925m²894m²
1261m²1606m²
946m²946m²
1453m²1067m²
946m²1186m²
727m²708m²852m²
1040m²1138m²
908m²1045m²
908m²856m²908m²856m²908m²856m²908m²856m²
908m²1020m²930m²930m²925m²925m²
1082m²6352m²9516m²7933m²4931m²3324m²
10281m²6599m²7232m²6226m²6221m²723m²708m²705m²700m²700m²700m²700m²700m²700m²755m²737m²702m²701m²700m²700m²712m²761m²918m²755m²792m²893m²702m²700m²867m²700m²720m²705m²701m²701m²723m²701m²728m²717m²711m²712m²704m²702m²717m²783m²720m²707m²758m²999m²887m²
2002m²710m²710m²710m²710m²710m²710m²
8651m²2783m²729m²729m²700m²700m²799m²
1008m²1026m²979m²
1569m²8248m²
10199m²7215m²700m²707m²702m²745m²734m²838m²893m²971m²944m²738m²740m²740m²740m²798m²707m²700m²874m²
707m²707m²707m²707m²723m²
5947m²1674m²1847m²3834m²2461m²2682m²2025m²2250m²2072m²2246m²2250m²2302m²2509m²4190m²5017m²2783m²2098m²2150m²1394m²2021m²2242m²2250m²2086m²2454m²2250m²2250m²2250m²2250m²2278m²5583m²1072m²
146147148149150151152153154155156157158159160161162163164165166167168169170171172173174175176177178179180181182183184185186187188189190191192193194195196197198199200
201202203204205206207208209210211212213214215216217218219220221222223224225226227228229230231232233234235236237238239240241242243244245246247248249250251252253254255256257258259260261262263264265266267268269270271272273274275276277278279280281282283284285286287288289290291292293294295296297298299300
301302303304305306307308309310311312313314315316317318319320321322323324325326327328329330331332333334335336337338339340341342343344345346347348349350351352
759m²837m²
1045m²825m²848m²
4893m²10774m²
707m²707m²707m²
712m²
821m²763m²837m²951m²701m²725m²
75 845m²
PORTION 536 O.T.F.UMKOMANZI DRIFT No. 1357
Diagram "SG No.1901/1997"
REM OF PORTION 17 O.T.F.UMKOMANZI DRIFT No. 1357
Diagram "Sub Vol 241 fol. 22"
2702m²225
226227
289288287286
285284
283
9m
16m
16m
16m
16m
347
348
349
350
351
352
353 329
330 331 332
333 334 335 336
337338
339
340341343
342
344 345 346
327
326 325
324
323
314
217
212
211
210
209
214
215
187186
185
184
183
182
179
174
178
180
181
172
173175176
177
171170
169 168167 166
165164
163
190189
191
193
192
194
195
197
196
198
199
201
200
204
203
202
207
206
205
152
153
154155 156
157158 159
160161
162
21
75
4
3
2
1
148
147 130
89
1011
12
4039
4138
4237
4336
4435
4534
4632
31
30
33
47
48
49
59
57
56
55
52
50
71 7375 77
79 8170 72 74 76 78
80
61
62
63
64
66
67
6560
68
69
8283
84
85
86
8788
89
90
9192
93
95
94
98 10097
99101
109
108
146
145
143
141
139
137
135
133
131
144
142
140
138
136
134
132
123
124 125
127126
128
96
10.5m
10.5m
9m
10.5m
9m
9.5m
16m
10.5m
16m
5.5m
13
14
15
16
17
18
1920
25
26
51
53
54
58
102106
113104
107112
111
110
118
119
120
121
122
129
149
150
151
188
213
216
218
219
220
221
222
223
224
228
229230
231
232
233
234
235
236
237238
239
240
241
242
243
244245
246247
248249
250251
252
253
254
255
256
257
258
259
261
262
263
264
265
266267
268269
270
271
272273
274275
276277 278
282
281 280
279
290291
292
293
294
295
296
297
298 299
300
301
302
303
304
305306
307308309310
311
312315
316317
318319
320321
322
117
116
105103
114
115
22
23
24
27
6
28
29
260
BARBARA PARKER PLANNING CCP O Box 122 WARNER BEACH 4140
Tel: 031 904 1360Fax: 031 - 904 1546
Email: [email protected]
INTERMEDIATE RESIDENTIAL
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PHASE 1 Sales Value ex VAT R 98,294,956
PHASE 1 SITES 1 TO 217 R/m2 Value Average Erf Average Yield PROPOSED ZONE
TOTAL EXTENT M2
NUMBER OF SITES 1 DW / ERF 25 DW / HA 30 DW / HA
F.A.R. FACTOR Selling Per Erf
Special Residential 1 180789 195 195 0.35 162,938.60 R 31,773,026.32 R 162,938.60 1
Intermediate Residential 83555 8 210 0.35 127,192.98 R 26,710,526.32 R 3,338,797.79 26
General Residential 104122 7 313 0.75 127,192.98 R 39,811,403.51 R 5,687,343.36 45
General Commercial 1.25
Totals 368,466 210 195 210 313 718
Mother Property 800,654 Total Residential Yield 718
SUMMARY 12TH SEPTEMBER 2008
Umkomanzi Park -Start Aug 07 CONSOLIDATE 11 Nov08 Present Erf Yield
PHASE 2 Sales Value ex VAT R 105,273,575
PHASE 2 SITES 218 TO 353 R/m2 Value Average Erf Average Yield
PROPOSED ZONE
TOTAL EXTENT M2
NUMBER OF SITES 1 DW / ERF 25 DW / HA 30 DW / HA
F.A.R. FACTOR Selling Per Erf
Special Residential 1 73793 96 96 0.35 162,938.60 15,642,105.26 R 162,938.60 1
Intermediate Residential 64603 9 161 0.35 127,192.98 20,478,070.18 R 2,275,341.13 18
General Residential 39098 6 118 0.75 127,192.98 15,008,771.93 R 2,501,461.99 20
General Commercial 79645 30 1.25 679.82 54,144,627.19 R 1,804,820.91 2655
Totals 257,139 141 96 161 118 375
Mother Property 813,431 Total Residential Yield 375
SUMMARY 12TH SEPTEMBER 2008
Umkomanzi Park -Start Aug 07 CONSOLIDATE 11 Nov08 Present Erf Yield
Sales Value ex VAT 203,568,530.70
TOTAL SITESITES 1 TO 352 R/m2 Value Average Erf Average Yield PROPOSED ZONE
TOTAL EXTENT M2
NUMBER OF SITES 1 DW / ERF 25 DW / HA 30 DW / HA
F.A.R. FACTOR Selling Per Erf
Special Residential 1 254582 291 291 0.35 162,938.60R 47,415,131.58 162,938.60 1
Intermediate Residential 148158 17 371 0.35 R 127,192.98 47,188,596.49 2,775,799.79 22
General Residential 143220 13 431 0.75 R 127,192.98 54,820,175.44 4,216,936.57 33
General Commercial 79645 30 1.25 R 679.82 54,144,627.19 1,804,820.91 2655
TOTALS 625,605 351 291 371 431
Mother Property 1,614,085 Total Residential Yield 1093 Commercial 30
SUMMARY 12TH SEPTEMBER 2008
Consolidated
Umkomanzi Park -Start Aug 07 CONSOLIDATE 11 Nov08 Present Erf Yield
EIA
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1
UMKOMAZI DRIFT APPLICATION
APPROXIMATE TIMEFRAMES FOR EIA PROCESS ITEM ACTIVITY DURATION STATUS
1 Blue Environmental consultant’s wetland ecologist to undertake delineation and environmental mapping 13 September 2007
2 Blue Environmental Consultants to prepare environmental Mapping & distribute to team 14 September 2007
3 Allow 14 days for compilation of a draft site development plan by Town Planners 14 - 28 September 2007
4 Submission of EIA Application form and landowners consent to African Spirit Trading 18 September 2007 5 Submission of EIA Application Form to Dept of Agriculture and Environmental Affairs 19 October 2007 6 Blue to Produce image of property boundary with 100m buffer, including all erven within this zone. November 2007
7 Obtain PO Box Addresses for Landowners within 100m of Site from Barbara Parker/rates department. November 2007
8 Obtain EIA Reference number from DAEA 29 October 2007
9 Obtain all Information for the initial Public Participation Process and public meeting from professional team.
28 July 2008 – 01 August 2008
10 Commencement of the Public Participation Process (PPP) starting with the publishing of notices in the local and provincial newspapers.
04 – 08 August 2008
11 Compilation and distribution of Background Information Document (BID) to all I&APs including invitation to attend public meeting. Delivery of BID to all landowners/properties within 100m of the boundary of the property to be developed.
04 – 08 August 2008
12 Public Meeting 21 August 2008 13 Submission of Draft Professional & Specialist Reports to Blue Environmental (DSR) 25 October 2008
14 Compilation of a Scoping Report and Plan of Study for EIA 25 October 2008 - 10 November 2008
15 Distribution of the Scoping Report and Plan of Study for EIA to all I&APs for comment 10 November 2008
16 Waiting period for comments from I&APs on the Scoping Report and Plan of Study for EIA - 30 days
10 November 2008 - 10 December 2008
2
17 Compile Comments Response report and Final Scoping report 10 December 2008 - 16 January 2009
18 Submission of the Scoping Report and Plan of Study for EIA to DAEA 16 January 2009
19 Waiting period for DAEA to approve Scoping Report and Plan of Study for EIA or request additional information to be submitted - 30 days
16 January 2009 - 16 February 2009
20 Undertake any additional specialist studies identified as being required during the Scoping Process 16 February 2009 - 16 March 2009
21 Compilation of the Environmental Impact Assessment Report and Draft Environmental Management Plan
16 March 2008 – 16 April 2008
22 Distribution of the Environmental Impact Assessment Report and Draft Environmental Management Plan to all I&APs for comment 16 April 2009
23 Waiting period for comments from I&APs on the EIA Report - 45 days 16 April 2009 – 1 June 2009
24 Inclusion of comments from I&APs on the Environmental Impact Assessment Report (EIR) and Draft Environmental Management Plan in the EIR
1 June 2009 – 15 June 2009
25 Submission of the Environmental Impact Assessment Report and Draft Environmental Management Plan to DAEA & Waiting period for DAEA to accept EIA Report & Draft EMP or request additional information to be submitted - 60 days (possibly 45 days).
15 June 2009 – 30 July 2009
26 Waiting period for DAEA to grant authorisation for EIA Application i.e. receipt of a RoD - 45 days. (could be 14 days)
30 July 2009 – 14 September 2009
27 Publishing of Notices of Environmental Authorisation allowing 30 days for appeal. 14 September 2009 – 14 October 2009
28 Appeal period on Environmental Authorisation expires. 14 October 2009
Note Condition or RoD may request an Operational EMP to be compiled and submitted to certain Government Departments for comment and ultimate approval by DAEA.