Boral Strategic Update and Developments
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BORAL
Potential project: Waurn Ponds
Cement operations to mixed use urban development
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1,020 ha land area in designated growth corridor adjacent to
Armstrong Creek, south west of Geelong
• Cement operations to cease in next 18-24 months with
rehabilitation required post cement operational life
Taking tunnelling spoil and fill materials from infrastructure
projects for a fee, partially offsetting rehabilitation costs
• Land rezoning strategy underway with land value directly
related to rezoning
⚫ Potential rezoned land value $100m+
Potential project: Penrith Lakes
The video highlights the scale and development
opportunity of the Waurn Ponds site, subject to
rezoning; and is accessible at www.boral.com
BORAL
Penrith Lakes Development Corporation (PLDC) is jointly owned by Boral (40%), Holcim (40%) & Hanson (20%)
and was previously Sydney's main quarry supply
• 1960: Shareholders of PLDC acquire freehold land for the quarry &
proposed Penrith Lakes Scheme
1980: Penrith Lakes Development Corporation formed
Wildlife Lake
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1984: Department of Planning completed review of Scheme of Options &
commenced negotiations for the Main Lake System
Lake B
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1987: PLDC and the State Government enter into the 1987 Deed of
Agreement
1991: Penrith City Council Local Environmental Plan recognises heritage
places within the Penrith Lakes Scheme area
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2000: Sydney Olympics rowing venue
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2012: Water Management Plan Stage 1 approved - detailing major
weirs, associated works and flood planning levels
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2014: Quarrying ceases. Water evacuation infrastructure complete
⚫ 2017: Site rezoned through Urban Instrument; further rezoning required
to unlock full development potential
Lake A
Regatta Lakes
Quarantine
Lake
Southern Wetlands
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