RE:beyond lameAIDEA has a VERY clear mandate, just as every semi govt in first world countries, NOT to piss taxpayer's hard earned into some fantasy, politicians usually a bit sensitive to that as it will generally come back to bite them on the bum when it goes pear shaped.
Australia has a similar fund, NAIF - Nth Aust Infrastructure Fund, which is meeting in Nov for a final decision on Hastings, conclusion of a 3 yr process which also incl TWO other sovereign funds representing customers (German) & equipment providers (Finnish).
I've got some fairly close insights into Hastings and have some understanding of the complexities of the processes securing funding, incl the presentation of a COMPLETE business plan which very much involves customers who are going to write cheques, i.e. BUY stuff, any item strangely lacking in pretty much every RE dreamboat Oz, US & Canada.
Probably why Hastings is the ONLY RE being considered by NAIF formally, despite a number claiming differently, dreamboats.
Highly unlikely Ucore has any part of a credible business plan to put before AIDEA, no way could they demonstrate any vague sense of viability, they've got more chance of getting a few nickels from the Salvo's.