Published Tuesday, 29 January, 2008 at 03:11 PM

Premier
The Honourable Anna Bligh

NEW PORT INFRASTRUCTURE A BOOST FOR QUEENSLAND BUSINESS

A new $530 million project at the Port of Brisbane will provide thousands of Queensland businesses with greater opportunities to take their products and knowledge to the world.
Premier Anna Bligh said Hutchison Port Holdings Limited (HPH) had reached agreement with the State Government to lease two new container berths from the Port of Brisbane Corporation.

“The Port of Brisbane is Australia’s fastest-growing container port and having a global player like HPH come on board is a significant achievement,’’ Ms Bligh said.

“The Port of Brisbane Corporation, with the approval and support of the Queensland Government, will invest more than $530 million over five years in the new Berths 11 and 12 and associated terminals, which will increase Brisbane’s container-handling facility by 25 per cent and take the number of dedicated container wharves at the port to nine.

“Construction has already begun, with Berth 11 expected to be operational by 2012 and Berth 12 in 2014.’’

Minister for Transport, John Mickel said HPH was one of the world’s leading port investors, developers and operators, with a total of 294 berths in 47 ports around the world.

“HPH has interests in 24 countries throughout Asia Pacific, the Middle East, Africa, Europe and the Americas,” Mr Mickel said.

“It is very pleasing to see that the Port of Brisbane Corporation is so forward-thinking in planning for and delivering port infrastructure to meet the demands of South East Queensland’s continued growth.”

In the 2006/2007 financial year, container trade through the Port of Brisbane increased by 14.2%, surpassing the growth of Sydney and Melbourne’s ports for the fifth consecutive year.

Commenting on the latest addition to the existing network of 46 ports, HPH Group Managing Director John Meredith said HPH was pleased to have the opportunity to invest, develop and operate the two new berths at the Port of Brisbane.

“As Australia’s third-busiest container port, the Port of Brisbane plays an important role in facilitating the increasing trade activities between Australia and Asia, particularly China,” Mr Meredith said.

Port of Brisbane Corporation Chairman David Harrison said he was pleased to welcome HPH as a new stevedore at the port.



29 January, 2008

Further inquiries: Premiers Office (07) 3224 4500
Ministers Office (07) 3237 1944