Economic Impact Assessment of the NRWMF

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Presentation transcript:

Economic Impact Assessment of the NRWMF Hawker South Australia Barndioota Consultative Committee

Construction phase Table 1: Construction phase spending under the central case scenario, 2021 – 2024, $million Table 2: Direct Construction employment under the central case scenario (FTE) Table 3: Migrant worker expenditure under the central case scenario ($ million)

Operational phase Ongoing employment of 45 FTE Figure 1: Operational costs under the central case scenario (real 2018 $ million) Ongoing employment of 45 FTE 34 FTE retrained from existing local workforce (conservatively assumed, non additional) 11 FTE relocated outside the area Generating a wage premium of $1.9 million per year No account of any funding under the Community Benefits Program

Dynamic modelling process Figure 2: Stylised results

Modelling results – Central Case

Modelling results – Local Content Scenarios

Modelling results – Labour Market Sensitivity Scenarios

Evidence of economic impacts – comparable sites – Sydney house prices Figure 3: Quarterly median house prices over the last five years Source: Data from https://propertydata.realestateview.com.au/propertydata/median-prices/nsw/

Evidence of economic impacts – comparable sites – Hope Island Canada Figure 4: Share of employment by industry sector (% of employees), 2016 Source: Cadence Economics estimates, from Canadian Census 2016

Evidence of economic impacts – comparable sites – Aube France Figure 5: Share of employment by industry sector (% of employees), 2011 Source: Cadence Economics estimates, from French Census 2011 Source: Cadence Economics estimates, from Canadian Census 2016