Port & Terminal News
Hutchison wins Third Terminal
Mon, 21 Dec 2009
Hutchison Port Holdings (HPH) and Sydney Ports Corporation (SPC) have signed an agreement that clears the way for the development and operation of the Third Terminal (T3) at Port Botany.
Sydney International Container Terminals (SCTL), a wholly owned subsidiary of HPH, has been established to operate T3 under a 30-year lease – representing the 50th port in the HPH network.
Construction of T3 has already begun. The new terminal is expected to commence operations in 2012. It will have a total quay length of 1,850 metres, five shipping berths and a 63ha terminal yard, of which HPH will operate four berths with 1,300 metres of quayline and 46ha of yard space.
At a ceremony to mark the agreement, Kristina Keneally, premier of New South Wales, said: “As one of the most extensive and innovative port infrastructure projects undertaken anywhere in Australia over the last 30 years, T3 will underpin future job growth as well as export and import trade in and out of New South Wales and Australia. The NSW Government’s appointment of HPH, the world’s leading port operator, cements Port Botany’s position as one of the most important container ports in the world.”
John Meredith, group MD of HPH, added, “Australia is a major market for HPH, and we are pleased to be part of the New South Wales Government’s plan to provide world-class port facilities in the State. Port Botany is New South Wales’ premier port and one of Australia’s major international container ports, handling one-third of the country’s container traffic. We are optimistic about the future growth of Port Botany as trade increases between Australia and Asia in line with the recovering world economy.”
Grant Gilfillan, CEO of SPC, said he was pleased to welcome a new operator to the port: “We look forward to working with HPH, whose expertise and professionalism will enhance the competitiveness of Port Botany. The new terminal will provide the much needed capacity to meet projected long-term trade growth targets for Sydney and provide better access to shipping lines for the state’s exporters and importers.”
Sydney International Container Terminals (SCTL), a wholly owned subsidiary of HPH, has been established to operate T3 under a 30-year lease – representing the 50th port in the HPH network.
Construction of T3 has already begun. The new terminal is expected to commence operations in 2012. It will have a total quay length of 1,850 metres, five shipping berths and a 63ha terminal yard, of which HPH will operate four berths with 1,300 metres of quayline and 46ha of yard space.
At a ceremony to mark the agreement, Kristina Keneally, premier of New South Wales, said: “As one of the most extensive and innovative port infrastructure projects undertaken anywhere in Australia over the last 30 years, T3 will underpin future job growth as well as export and import trade in and out of New South Wales and Australia. The NSW Government’s appointment of HPH, the world’s leading port operator, cements Port Botany’s position as one of the most important container ports in the world.”
John Meredith, group MD of HPH, added, “Australia is a major market for HPH, and we are pleased to be part of the New South Wales Government’s plan to provide world-class port facilities in the State. Port Botany is New South Wales’ premier port and one of Australia’s major international container ports, handling one-third of the country’s container traffic. We are optimistic about the future growth of Port Botany as trade increases between Australia and Asia in line with the recovering world economy.”
Grant Gilfillan, CEO of SPC, said he was pleased to welcome a new operator to the port: “We look forward to working with HPH, whose expertise and professionalism will enhance the competitiveness of Port Botany. The new terminal will provide the much needed capacity to meet projected long-term trade growth targets for Sydney and provide better access to shipping lines for the state’s exporters and importers.”
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