TransGrid has confirmed, following its decision to cancel the build program on the Far North New South Wales Project, it will now close-off the related easement acquisition process.
In a month-long consultation process, TransGrid sought the views of property owners along the proposed Dumaresq to Lismore transmission line corridor. The process involved a community forum, a survey of property owners and consideration of the views of the Upper Dumaresq Action Group and Tenterfield Action Group.
TransGrid, which is the owner and operator of the high voltage electricity transmission network in NSW, has sent landholders a letter outlining how the easement process will be closed-off.
Property owners currently in negotiation with TransGrid will have until March 28, 2014 to either finalise negotiations by accepting the current compensation offer or withdraw and have notations removed from their property titles at TransGrid’s cost.
Property owners who have a TransGrid easement on their land also have until March 28 to buy back the easement rights from TransGrid by paying back the compensation they have already received. If they choose not to do so, they may keep the compensation and the easement will remain.
If a property owner chooses to buy back their easement rights, TransGrid will meet the landowner’s reasonable costs to extinguish the easement and remove the notation from the property title.