Sept 20 (Reuters) - Kangaroo Island Plantation Timbers Ltd KPT.AX :
* UPDATES ON KI SEAPORT MODIFICATIONS AND APPROVALS PROCESS
* CO MODIFIED DESIGN OF IN-WATER STRUCTURES
* MODIFIED DESIGN TO ELIMINATE NEED FOR CAPITAL/MAINTENANCE DREDGING BY MOVING BERTH FACE ABOUT 250M FURTHER OFFSHORE
* SEES COST IMPACT(ESTIMATED ABOUT $9M) LIKELY TO BE MORE THAN OFFSET BY BENEFITS TO MARINE ENVIRONMENT, AMONG OTHERS