The Kenshihi Building Materials project, which was awarded $2.5 billion by the NSW Government to develop a network of high quality, renewable building materials in NSW, is set to end.
Key points:The Kenshikis plan will include an international collaboration to develop new materialsThe project will be a joint venture between Kenshi Construction and the University of NSW, which will work to develop materials from scratchThe project is due to be completed by 2020The project was awarded the $2 billion by NSW Premier Mike Baird, who said it would “help deliver the nation’s first sustainable building material”.
“This is the first project in NSW history that will be funded by the state of NSW,” he said.
“It will be the first Australian-led, state-based project and will create jobs for our residents, create wealth for our local businesses, and support regional development.”
“This project will contribute significantly to our economic recovery and ensure that NSW is a world leader in sustainable building materials.”
The NSW Government said it was committed to providing a safe and sustainable environment for residents.
“Building materials, particularly materials made from recycled materials, are a key component of our local communities and we look forward to a successful and successful partnership with Kenshi,” a spokesman said.
The project aims to supply 100 million tonnes of Kenshi building material, which is currently produced in Germany and is imported to Australia.
The NSW Department of Primary Industries and Infrastructure (DPII) said the project would bring more than $4 billion in value to the state’s economy.
“In just one year, we will be able to produce the Kenshiyi building materials at a cost of less than $1 per tonne, a figure which will provide thousands of jobs in the state and around the world,” the department said in a statement.
“Kenshi’s unique approach to building materials will be recognised across the globe, and we will have an invaluable link to partners across the world.”