A $4 million development proposed for Tocumwal would improve the local economy, create employment and improve access to grain export services, according to Goulburn Enterprises (Australia) Pty Ltd.
The Melbourne-based company has revealed plans to build the grain development project locally.
Grain receival, storage and packaging sheds would be built on land purchased on the Newell Hwy.
Goulburn Enterprises plans to utilise the existing heritage house on the block as an office.
There are also plans to extend the local rail line to provide access to the facility.
When built, the company could potentially link local farmers with an international trade and export market.
The development is expected to create jobs for the local area, and local ownership opportunities will also be offered.
The company has proposed a shareholder venture, which could see locals sharing in some of the profits from the company.
The grand development was presented to Southern Riverina farmers at an on-site meeting in Tocumwal on Thursday.
In information circulated to farmers at the meeting, Goulburn Enterprises said its aim was to ‘‘connect domestic and international consumers to growers through an end-to-end grain supply chain’’.
Goulburn Enterprises general manager Anna Hang spoke with potential local stakeholders, and said the benefits of the new development would be numerous.
‘‘This will create more employment, increase exporting and sales, reduce Co2 pollution from using rail instead of trucks and purchase grain from farmers at competitive prices.’’
Miss Hang said a development application for the receival, storage, packing and distribution facility was first lodged with Berrigan Shire Council in November 2012.
‘‘The development application was to set up a grain receival, storage, packing and distribution facility in Tocumwal.
‘‘We have received approvals granted for such a set up – including storage bunkers, weighbridge, testing station, truck waiting area and internal road network providing all weather access.’’
In terms of rail access, Goulburn Enterprises revealed plans to extend the current rail link to reach its site.
‘‘There is a train terminal 2km from our site. There is a commercial opportunity to extend the rail about 800 metres to our site,’’ she said.
Miss Hang said the company had proposed the development for Tocumwal for various reasons.
‘‘Tocumwal has many benefits. There is a lot of grain in Tocumwal and around the area.
‘‘The train terminal is close, making transport a lot cheaper.’’
The response to the proposed development so far has been very positive, according to Miss Hang.
She said a number of people have also already expressed interest in becoming a shareholder.
The Goulburn Enterprises shareholding venture could see shareholders obtain 49 per cent of the company’s profits from grain storage and packing.
At the meeting, potential stakeholders were informed that an estimated return on investment could be from 5.37 per cent and above.
‘‘Shareholders will automatically be considered as members and receive discount storage.
‘‘Goulburn Enterprises (Australia) Pty Ltd will prioritise in purchasing grain from members at competitive prices, pay on time and guarantee payment.’’
Goulburn Enterprise exports wheat and barley to Asia.
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