The project builds a world-class, highly-automated container terminal that will deliver substantial cost savings for NSW exporters and importers. It will prepare Australia for the future of container shipping and the industry’s transition to the much larger Ultra Large Container Vessels (ULCVs) now operating around the world.
The project will develop Australia’s “New Panamax” container terminal capable of servicing 20,000-plus TEU vessels and expected future ULCVs. The works will build a container terminal with capacity of over 2M TEU’s per annum including a deepwater channel and berths, a quay line capable of supporting multiple Post-Panamax vessels, and adjacent land for high density container stacking.
- Private investment of more than $1.8 billion
- The construction alone will generate more than 15,000 direct and indirect jobs and $2.5 billion of economic contribution for Australia
- In the Lower Hunter, construction will generate 9,300 direct and indirect jobs as well as $1.3 billion of economic contribution
Benefits of this scale will only be realised if the penalties imposed on container movements at the Port are lifted. These penalties are currently subject to legal challenge in the Federal Court. Commencing development of the Multi-Purpose Deep Water Terminal MDT (and commitment from the private investors) is contingent upon the removal of these penalties.
“The Port is ready to go. The Newcastle Multi-Purpose Deepwater Terminal will deliver more jobs in regional NSW, a reduction in road and rail movements in and out of Sydney, and cheaper freight costs for importers and exporters across the state. We have cost effective landside connectivity, interested shippers and a deep channel port operating at less than half capacity. With freight growth in NSW expected to double by 2040, a fully utilised Port with a world-class container terminal will provide efficiencies and competition to meet the future logistics and freight task.”
PARTNER WITH US
This project directly responds to Infrastructure Australia’s call to improve the capacity of east coast deep water ports to service increasingly larger container vessels. It offers an investment-ready solution, without the expensive landside upgrades required to transport freight through the heavily populated and congested suburbs of Sydney, Melbourne and Brisbane.