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Freight project agreed in Australia

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Two major Australian Logistics groups will develop and operate an import-export freight terminal connected to Sydney’s Port Botany, as part of a project forecast to create 7,700 jobs and cost around $1.5 billion, under an agreement with the federal government.

The Moorebank development’s first stage includes an import-export terminal connected to Port Botany, which will initially handle 250,000 freight containers a year, for an eventual capacity of up to 1.05 million containers per annum. It is expected to be operational in late 2017.

The second stage, involving an interstate freight terminal, is expected to begin operating in 2019. The total project cost is forecast at around $1.5bn over 10 years, with the federal government providing funding for the rail connection between the terminals and the Southern Sydney freight line.