New CEO commits Port of Newcastle to developing world-class container terminal
13 August 2018
NSW Government:
The new CEO of the
Port of Newcastle, Craig
Carmody, today committed the Port of Newcastle to developing a
world-class
container terminal to boost
jobs and business opportunities
in the Hunter region and dramatically reduce the number of trucks on
Sydney’s roads through expanded use of Newcastle’s
rail connectivity.
“The potential for a container terminal in
Newcastle to diversify and
grow the
NSW economy is far bigger than the NSW government seems to realise.
We are already exploring a range of options based on global best
practice and I am looking forward to discussing our plans with the State
government and
port developers who have expressed an interest in this
exciting project,” Mr Carmody said.
“We have already received interest from domestic and global players who
want to develop a state-of-the-art container terminal with productivity
performance that will be unlike any other Australian port. However, we
cannot proceed while the NSW government imposes an artificial
restriction on port competition,” Mr Carmody said.
Economic modelling by
Deloitte Access Economics shows that a container
terminal in Newcastle will deliver greater freight efficiency and
competitive advantages for Australian businesses. It will be a catalyst
to grow the Hunter region, boost international trade, generate jobs and
move freight faster and more cost effectively.
“As a global gateway for regional Australia, the Port is ready to go. We
have cost effective landside connectivity, interested shippers and a
deep channel port that is operating at less than half its capacity. With
freight growth in NSW expected to double by 2040, a fully utilised Port
of Newcastle with a world-class container terminal will provide
efficiencies and competition to meet the future logistics and freight
task. It is an honour to lead such an important project,” said Mr
Carmody.
“Newcastle is proud to be the world’s largest coal port, but we are also
realistic about coal’s declining prospects in decades to come. That is
why we are committed at the Port of Newcastle to playing a major part in
the Hunter region’s growth and diversification strategy through the
development of a container terminal,” said Mr Carmody.
Background
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The Port of Newcastle is the world’s largest coal export port and the largest port on the east coast of Australia
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The Port of Newcastle is situated in the Hunter region which is Australia’s largest regional economy and largest economic contributor to NSW gross domestic product.
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The ACCC is currently investigating an artificial constraint on the Port of Newcastle by the NSW government restricting the development of a viable and competitive container terminal.
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The benefits of a Port of Newcastle container terminal include:
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reduced freight costs;
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reduced port congestion;
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increased freight efficiency;
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reduced infrastructure cost; and
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catalyst for regional growth.
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--ENDS--
Source: NSW Government - www.rms.nsw.gov.au
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