Macquarie Capital, Iron Road and the Eyre Peninsula Co-operative Bulk Handling (EPCBH) have formed a partnership to advance development and financing plans for the proposed A$250 million ($177 million) Cape Hardy Stage 1 multi-user, multi-commodity port facility, according to Mining Weekly.
The companies will look to establish a project vehicle and commence stage one of the development plan. The project will target a financial close by the third quarter of 2021.
In March, EPCBH said it was actively pursuing preferred funding sources to fulfil a minimum A$20 million ($14 million) equity investment aspiration in Cape Hardy. Iron Road has been working closely with key stakeholders on the port development since 2012 as part of the wider Central Eyre iron project.
“We are pleased that Macquarie Capital share[s] our vision of the near-term benefits and future opportunities this vital
