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Creating the great Australian foodbowl : Comments
By Everald Compton, published 11/10/2011One million billion litres of water are available in the north of Australia could feed China or India.
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Actually there is a very effective way to fund required capital works of the proposed type that was first shown to us by the US railroad barons. They bought up all the land within reach of their planned railroads, then sold off half the land on a chequerboard pattern (I think of square mile lots) at a price reflecting the coming rail access. The funds were then used to develop the railroads.
The same principle could be applied here. Purchase all the land first for current value (or negotiate with current owners), then sell part of that land with water rights to farmers, agricultural companies and the like. By this means the required capital can be sourced from equity market or corporate sources without recourse to the taxpayer