The Port received seven proposals from both Australian and international terminal operators and shipping lines in response to its Request for Proposals. It assessed the proposals on five key criteria: operational efficiency and the capacity to handle growth; demonstrated ability to attract new business; impact on competition; resources and experience; and financial capacity.
The Premier of Queensland, Peter Beattie, said: “In percentage terms, the Port of Brisbane is Australia’s fastest-growing container port, and having a global player like HPH on board is a welcome addition during this time of rapid expansion.
“The Government has invested $300m in port and related infrastructure in 2005/06 and 2006/07. We will invest a further $200m over five years in Berths 11 and 12 and associated terminals, which will increase Brisbane’s container handling capacity by 25% and take the number of dedicated container wharves at the port to nine.”