Albanese approves port expansion

Transport Minister approves Port Waratah Coal Services’ bid to build a new terminal at the Port of Newcastle

December 16, 2010

The Federal Government has given Port Waratah Coal Services the approval to build a fourth coal terminal at the Port of Newcastle.

Minister for Transport and Infrastructure Anthony Albanese today gave the go-ahead under the Major Project Facilitation (MPF) program, which permits infrastructure applications if they meet set criteria such as economic benefit.

Albanese says the multi-billion dollar project will increase annual coal loading capacity by between 45 and 90 million tonnes.

"Importantly, this vital piece of export infrastructure would play a key role in making sure the port is able to cater for the growing international demand for the Hunter Valley’s natural resources," he says.

"If given the final go ahead, construction could be completed by 2015. The project would create up to 500 construction jobs and a further 30 to 40 ongoing positions."

Albanese says the approval is part of the $60 billion worth of projects passed under the MPF program over the last three years.

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