Australia To Curb ‘Excessive’ Wait Times For Project Approvals

Australia’s National Cabinet agreed on Friday to move to a single-touch environmental approvals approach for mining projects, which is expected to cut what the industry describes as “excessive” waiting times.

The new modality, which will be underpinned by federal environmental standards, should allow companies to start construction about 21 months after they first apply for approval to mine, said Prime Minister Scott Morrison.

Until now, the permitting process has taken an average of three-and-a-half years, as it’s laden with duplications that are now being eliminated, Morrison noted.

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