Sunday 26th May, 2019

$120m to grow Port Botany intermodal capacity

Port Botany. Photo: Sydney Ports

NSW Ports will invest $120 million into its ongoing intermodal program, with the port’s Patrick terminal set to be the focus of work starting in 2019.

NSW Ports said this week it will invest in on-dock rail infrastructure capacity Patrick’s Port Botany container terminal. The work will deliver one million TEU in additional rail capacity to the terminal.

NSW Ports said, in time, it will deliver similar upgrades to Port Botany’s other two container terminals.

To fund the work, NSW Ports said it will implement a “modest increase” of $3.08 in wharfage fees on full imports and exports from July 1, 2019, with the fee to be removed once the money has been recovered.

NSW Ports chief executive Marika Calfas said the spending was part of the port-owner’s master plan to grow the volume of containers on rail.

“This investment will build greater rail capacity at the port, supporting the government’s investment in completing the Port Botany rail duplication and ongoing investments in large scale intermodal centres at Enfield and Moorebank,” she said.

“Increasing rail capacity at the port means a faster, cheaper, more sustainable way for exporters and importers to get their product to market.”

Patrick chief executive Michael Jovicic said the stevedore already handles a large volume of containers on rail, noting the company was spending $70 million on new equipment and systems for the terminal.

“Our agreement with NSW Ports will significantly increase our terminal’s rail capacity and enhance productivity and efficiency in container movements at the port.”