Water storage and irrigated agriculture


Construct a new water storage facility at O’Connell Creek


Richmond, North West Queensland, Australia

Investment type


Investment opportunity highlights

Establishment of a new water storage facility to expand irrigated cropping

Investment required

AUD$130 – AUD$200 million


Dependent on investor

Financial information

Further information available on request

Why invest?

  • Global demand puts northern Australia in an excellent position to capitalise on rising demand for food crops in Asia and the Middle East
  • Pre-feasibility studies have been undertaken with the support of local government and key regional stakeholders
  • Storage capacity 190,000 megalitres
  • Potential cropping land 15-20,000 hectares of arable cropping land
  • Irrigation water used as “all in all out” per year
  • Irrigation can be a mix of flood, centre pivots, and trickle systems
  • Cropping area adjacent to the storage area
  • Substantial areas suitable for dryland cropping
  • The gravity design allows low energy and maintenance expenditure
  • Further property mapping will be required
  • Close proximity to road and rail corridor to Townsville Port
  • Local producers are keen to work with investors to devise commercial structures that would support the development of a water storage facility in order to share risk and manage seasonal issues


Mount Isa to Townsville Economic Zone (MITEZ) and Richmond Shire Council (RSC)

Further information

Glen Graham at MITEZ:  E  W  P +61 7 4743 3488
Richmond Shire Council: W