Water turns into liquid gold


Licence could fetch up to $2 million: The Goondiwindi-based auctioneer organising the sale of a cattleman’s Moonie River licence on 27 April predicted it could fetch up to $2 million. In return, the new owner will be entitled to take up to 2200 megalitres, although the river’s performance suggests the annual average will be about 1100Ml.

Comparable licence for Macintyre worth $4 million: Auctioneer Clayton Smith said a 2200Ml licence on the Macintyre Brook, also in the border rivers system, was worth $4 million. Water Minister Henry Palaszczuk said the state had more than 7500 tradeable water allocations, with an estimated total value of more than $1.5 billion.

The Courier Mail, 28/4/2006, p. 22

Source: Erisk Net  

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