Support for plan to build terminal at Australia's port of Newcastle
NSW Nationals has decided to work with the state and federal governments to remove the current hurdles blocking the development of a new container terminal at the Port of Newcastle in New South Wales
NSW Nationals has decided to work with the state and federal governments to remove the current hurdles blocking the development of a new container terminal at the Port of Newcastle in New South Wales.
Welcoming the new policy passed by NSW Nationals members, Port of Newcastle CEO Craig Carmody said: 'The Newcastle Container Terminal -an estimated A$1.8 billion (US$1.25. billion) development to be entirely funded by private investors -will deliver more jobs in regional NSW, a reduction in unnecessary road and rail movements in and out of Sydney, and cheaper freight costs for importers and exporters across the state.'
A study last year by Deloitte Access Economics showed that the port's catchment area presently generates 500,000 laden TEU annually and could ease congestion at the Port of Sydney, reported Sydney's Transport & Logistics News.
As the only east coast port connected to the Inland Rail as part of the first stage, the Port of Newcastle would be able to transfer more cargo onto the tracks via the Hunter region's rail network.
Complemented by rail infrastructure directly to the berth, the port of Newcastle will offer a more competitive and reliable alternative for New South Wales.
NSW Nationals More branch chairman Brendan Moylan welcomed the party's recognition of the need for growers across the state to have access to an efficient supply chain in bid to be competitive in international markets.
'Growers estimate that the cost of shipping grains and pulses such as chickpeas would fall by as much as A$20 per tonne if they were exported via container from Newcastle rather than Brisbane,' said Mr Moylan. 'Over a decade, that translates to about A$500 million of economic benefit to north west NSW alone.