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Terms of Reference - North Queensland Bulk Ports Corporation

Terms of Reference - North Queensland Bulk Ports Corporation

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For further information on preparing the SIMP, refer to Social impact assessment:Guideline to preparing a social impact management plan (Department <strong>of</strong> Infrastructureand Planning 2010).7. Economic values and management <strong>of</strong>impacts7.1. Economy7.1.1. Description <strong>of</strong> affected local and regional economiesDescribe the existing economy in which the project is located and the economiesmaterially impacted by the project. Include:• a map illustrating the local and regional economies (local government areas) thatcould be potentially affected by the project• gross regional product or other appropriate measure <strong>of</strong> annual economic production• population• labour force and unemployment statistics• economic indicators• estimate the Gini coefficient based on current income distribution for the residentpopulation in the region and estimate the likely impact <strong>of</strong> the project on the Ginicoefficient for the region• the regional economy’s key industries and their contribution to regional economicincome• the key regional markets relevant to the project:– labour market– housing, land and rental accommodation markets– construction services and building inputs market– educational market– regional competitive advantage and expected future growth.With regard to the region’s key industries and factor prices, provide information on:• current input costs (for example, wage rates, building costs, housing rent)• land values in the region by type <strong>of</strong> use.Cross reference this section with Part B, Section 6.1 <strong>of</strong> this TOR.7.1.2. Potential impacts and mitigation measuresThe potential economic impacts, both positive and negative, should consider local,regional, state and national perspectives as appropriate to the scale <strong>of</strong> the project.The assessment should use a regional general equilibrium model analysis tool orsimilar model to measure impacts and state the assumptions underlying the economicanalysis.Contents <strong>of</strong> the EISDudgeon Point Coal Terminals Project<strong>Terms</strong> <strong>of</strong> reference for an environmental impact statement- 63 -

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