Construction at the 63 hectare third terminal began in July 2008 and more than half the new wharf face has now been built, with 50 of the 640-tonne seven-storey
concrete and steel units that make up the wharf face now in place.
The terminal will have an additional 1850 m quay line supporting five new berths, with dedicated road and rail access. The terminal is expected to be completed and operational by 2012.
Despite the global economic downturn, Port Botany has posted eight consecutive years of record growth and this year set record monthly highs for October and November. Last year the Port handled 1.78m teus.
Commenting on the announcement, HPH Group managing director John Meredith said: “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,” he added.