Originally published in The Newcastle Herald on October 15, 2013

If something sounds too good to be true, it probably is.

Last week, Port Waratah Coal Services (PWCS) chief executive Hennie du Plooy said in the Newcastle Herald that the proposed Terminal 4 project (T4) would “inject $770million a year into the regional economy during construction and another $418million a year” when operating.

I don’t believe this is correct.

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