Study firms up $257bn nuclear dump findings

A SECOND expert study has backed Royal Commission findings that a nuclear dump could create $257 billion in revenue for South Australia.

The study, to be released tomorrow, was run by State Parliament in parallel with the Royal Commission, which found in May the dump would be an economic winner for the state.

The Royal Commission figures were provided by the Melbourne-based Jacobs Group MCM, and have now been verified by competitor the USbased Nuclear Economics Consulting Group.

The new report found the Royal Commission’s work alone would not guarantee windfall profits, but backed its findings about potential revenue and noted there were other benefits not even considered such as “engineering, licensing, construction of facilities and infrastructure, potentially manufacturing storage and transport containers and vehicles’’.

“The project may be able to provide a viable and beneficial solution to many countries now having to rely on separate national solutions for their radioactive wastes, and may be able to provide a significant share of the world requirement for radioactive waste repository capacity,’’ the report found.


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“At the same time, the project may be a viable and profitable investment for South Australia.’’ But the new report also found the Royal Commission’s MCM report was only a “preliminary opportunity assessment” and more information was needed.

“Further project development towards a more detailed project assessment will be an iterative process that covers economic viability, legal feasibility, concept of operations, public participation and acceptance, and other key issues,’’ it states.


A separate community views report released by the State Government found that: 70 PER CENT of people who proactively provided feedback said they were not confident or not at all confident nuclear waste could be transported and stored safety.

70 PER CENT said they were not confident or not at all confident a Government decision on nuclear would consider community views.

27 PER CENT of people contacted said they were providing feedback to ensure the Government knew they strongly opposed a nuclear facility, compared with 64 per cent of those who proactively provided feedback.

The six-member Parliamentary committee that commissioned the study is split in its support for the dump.

There are two Liberal MPs, and the Opposition has rejected the dump proposal, as well as Greens member Mark Parnell who is an opponent.

It also includes Dennis Hood and two Labor MPs.

Meanwhile sources have told the Sunday Mail despite being rejected by a so-called citizens jury set up by the State Government, proponents of the dump now hope to revive the idea by getting around legislation stopping SA from directly negotiating with another country to host a dump.

“The idea is with a willing seller on the table, another country, people can come around to the idea that there are real benefits for the economy,’’ one proponent said.

– with Adam Langenberg

People can come around to the idea that there are real benefits