Contract details
Homebush Bay Remediation Contract
The remediation contract is between NSW Maritime
as the land owner and Thiess Services as the remediation contractor.
An associated agreement exists between Trafalgar Corporate
and NSW Maritime to deal with transfer of Lednez site ownership
on completion of the dry land remediation activities.
The agreement provides for:
- Thiess to receive up to $20M (adjusted for CPI) for remediating
Homebush Bay sediments.
- The clean up of Bay sediments must be complete by May
2010.
- Thiess will meet the cost of remediation of the adjacent
dry land Lednez site.
- Thiess is responsible for obtaining and complying with
all statutory consents required. These include the remediation
development consent, and operating licences for remediation
equipment and environmental controls.
- Thiess must obtain certification of satisfactory clean
up before payment is made.
- On independent verification of clean up to residential
standard of the Lednez site, the remediation consortium
will receive title to the site.
- The remediation work will be done in stages at the discretion
of Thiess.
- There are performance guarantees in place which enable
the Government to step in and take control of the project
in the unlikely event that this proves necessary.
- Thiess is responsible for all community consultation
for the life of the project.
