Common use of Summary and duration of the Priority Project Clause in Contracts

Summary and duration of the Priority Project. B.1.1. Both Parties acknowledge that the Commonwealth has previously provided the Start-up Amount to develop the business case for this Priority Project. B.1.2. The Commonwealth has agreed to provide up to $45,010,000 (GST exclusive) for Stage One of this Priority Project. This Priority Project also includes the conduct of a Review as set out in Item B.3.1.a.11. B.1.3. The Commonwealth has agreed to provide up to $11,902,256 (GST exclusive) for Stage Two of this Priority Project. Of this funding, $10,196,336 has not been committed to agreed activities. B.1.4. This Priority Project will commence on the date this Schedule is signed and must be completed by 31December 2021.

Summary and duration of the Priority Project. B.1.1. Both Parties acknowledge that the Commonwealth has previously provided the Start-up Amount to develop the business case for this Priority Project. B.1.2. The Commonwealth has agreed to provide up to $45,010,000 (GST exclusive) for Stage One 1 of this Priority Project. This Priority Project also includes the conduct of a Review as set out in Item B.3.1.a.11. B.1.3. The Commonwealth has agreed to provide up to $11,902,256 (GST exclusive) for Stage Two 2 of this Priority Project. Of this funding, This variation commits $10,196,336 has not been committed of unallocated project funds to the agreed compliance program activities; to be known as Stage 2A – Improving Floodplain Connections. B.1.4. This Priority Project will commence on the date this Schedule is signed and must be completed by 31December 202130 June 2024.