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Queensland Government Opens Bids for Great Artesian Basin Water

May 28 (Bloomberg) -- Australia’s Queensland state is seeking bids for as much as 7,200 megaliters (1.9 billion gallons) of unallocated water reserves from the Great Artesian Basin.

“This release process builds on the Newman government’s commitment to support and grow Queensland’s agricultural sector as one of the key pillars of the state economy,” Andrew Cripps, the state’s minister for natural resources and mines, said today in an e-mailed statement.

Tender applications will close on July 26 and offers will be made by the end of the year, according to the statement.

To contact the reporter on this story: Michelle Yun in Hong Kong at myun11@bloomberg.net

To contact the editor responsible for this story: Jason Rogers at jrogers73@bloomberg.net

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