Establishing Moorebank Forest
On 31 January 2019, MIC reached agreement with the NSW Environment Minister to execute a biobanking agreement for the Commonwealth owned biodiversity offset land. The biobanking agreement will protect a 105-hectare biobank site – a quarter of the entire project area – holding sufficient biobanking credits to offset the majority of MIC-funded works.
The new ‘Moorebank Forest’ created by the biobank site will be preserved in perpetuity, ensuring significant flora and fauna are fully protected.
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https://www.transparency.gov.au/annual-reports/moorebank-intermodal-company-limited/reporting-year/2018-2019-12