Industry News

Port of Newcastle container terminal plans progress

After 24 years of advocacy, Port of Newcastle confirms compensation payment moving its ambitions to establishing a container terminal in Newcastle forward.

As of 30 April, the penalty payments within the Port of Newcastle Port Commitment Deed now no longer exist.

Following a pivotal meeting, the Port of Newcastle Board voted in favour of paying the amount determined by IPART on receipt of the invoice from the NSW Treasury.

For years, the Port’s stakeholders and community have been dedicated and committed in their support in constructing a container terminal at Newcastle.

Craig Carmody, CEO of Port of Newcastle, said that with the legislative process now complete, the port will now turn its attention to the NSW Freight Reform Program and in removing the last policy barrier.

“The door was once closed on Newcastle operating a container terminal, today, the legal and commercial restriction has been lifted, and we now turn our attention to removing the last regulatory obstacle,” said Carmody.

Board of Chair, Professor Roy Green, said the long pursuit of this outcome is essentially the result of market demand.

“Agreement to pay the determination was met without hesitation,” he said.

“Since Port of Newcastle was privatised in 2014, it became apparent the market in the Port’s catchment did not want their own trade restricted, they wanted their product exported in the most efficient and cost-effective way.”

In an interview conducted with Carmody in 2018, the introduction of the container terminal will have ample benefits not only for the economy but also for the environment, reinforcing the significant impact that the terminal will have on the industry overall.

“A Newcastle Container Terminal will mean more jobs, a reduction in unnecessary road and rail movements, and cheaper freight costs for regional importers and exporters.”

In other news, two new 34-pallet Schmitz Cargobull B-double refrigerated trailers have been chosen as the latest additions for Brown and Hurley’s rental division, PacLease.

The post Port of Newcastle container terminal plans progress appeared first on Trailer Magazine.

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