Companies linked to Urannah Dam project donate more than $150,000 to Liberal National party

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Detailed business case for Queensland project includes analysis that shows a negative return on investment

Companies linked to the proponent of the massive Urannah Dam project in north Queensland have given more than $150,000 to the, including a donation made a week after the Morrison government promised to spend $483m on its construction.

Guardian Australia has previously reported that the sole director of Bowen River Utilities, John Cotter Jr, is aQueensland electoral commission data shows that separate companies owned by Cotter and his wife – Initiative Capital and Kinbombi Holdings – are among the largest fundraisers for the Liberal National party. Those companies have donated more than $140,000 to the LNP in recent years.– seven days after the federal funding announcement.

Analysis of a preliminary business case, commissioned by the Mackay Conservation Group, put the potential benefit as low as 26c in the dollar. Some landholders say they oppose the project and won’t sell their properties – a situation that would require compulsory acquisition. The detailed business case talks about the potential need to approach the Queensland office of the coordinator general about acquisition.Sign up to receive the top stories from Guardian Australia every morning

 

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Does anyone else just skip over these endless stories of Lib/Nat government corruption? I have outrage fatigue.

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