Study finds Hay Point contributes to $1.14 billion ports boom
Published Friday, 21 March, 2008 at 12:25 PM
Minister for Transport, Trade, Employment and Industrial Relations
The Honourable John Mickel
Activity at the Port of Hay Point generated over $665 million in economic activity in 2006-07.
Minister for Transport, Trade, Employment and Industrial Relations, John Mickel, said a Ports Corporation of Queensland (PCQ) Economic Impact Study (EIS), released today, found the port and direct support activities generated almost 2,600 jobs and contributed $665.5 million to the regional economy.
Mr Mickel said there had been a 52% increase in economic impact and 33% in direct and indirect employment at the port compared to a previous PCQ EIS which was prepared in 2001-02.
"Total trade throughput for Hay Point for the financial year ending June 30, 2007 was 86.2 million tonnes of coal through two export terminals – Dalrymple Bay Coal Terminal (DBCT) and the Hay Point Services Coal Terminal."
"The port generated almost 1,100 jobs directly with another 1,500 jobs created by flow-on port activity, generating about $136 million to household income in the financial year," he said.
Mr Mickel said the EIS quantified the contribution made by port operations to businesses and families throughout regional Queensland.
PCQ seaports also generate over $230 million in household income and an estimated 4,368 jobs (fulltime equivalent) or .02% of total employment in Queensland.
"Our regional ports generate widespread benefits that underpin a large portion of Queensland’s export trade," Mr Mickel said.
“PCQ is one of Australia’s largest port authorities by tonnage throughput and more than half of Queensland’s exports, by tonnage, pass through its ports. In the past financial year, throughput for all ports totalled 121.1 million tonnes.”
Ports included in the study were Hay Point, Abbot Point, Lucinda, Mourilyan, Cape Flattery, Thursday Island, Weipa and Karumba. They ship a range of bulk commodities including coal, sugar, molasses, silica sand, bauxite, zinc, live cattle and general cargo.
The EIS found the economic impact of the eight PCQ ports studied totalled $1.14 billion and generated almost 4,400 jobs.
“This study shows that our seaports are a lifeblood of regional communities," Mr Mickel said.
“Their economic impact extends far beyond the waterfront and into every Queensland city and town with almost $230 million going to Queensland families through pay packets from port-related jobs at these ports alone.”
PCQ’s ports generated 1,811 jobs through direct full-time employment in port-related businesses and another 2,557 in sectors including finance and business, wholesale and retail trade and manufacturing.
There were 1,951 commercial cargo ship visits during the year to the eight ports.
The EIS was conducted by economic research group EconSearch using a recognised Bureau of Transport Economics model which assesses the economic impact of ports.
A full copy of the EIS can be accessed at www.pcq.com.au.
Ministerial contacts: Chris Brown 3237 1944 or Shannon Mackay 3237 1125
For further information: Ports Corporation of Queensland General Manager Corporate Relations and Operations Gary Campbell: 07 3224 4346
March 21, 2008
Minister for Transport, Trade, Employment and Industrial Relations, John Mickel, said a Ports Corporation of Queensland (PCQ) Economic Impact Study (EIS), released today, found the port and direct support activities generated almost 2,600 jobs and contributed $665.5 million to the regional economy.
Mr Mickel said there had been a 52% increase in economic impact and 33% in direct and indirect employment at the port compared to a previous PCQ EIS which was prepared in 2001-02.
"Total trade throughput for Hay Point for the financial year ending June 30, 2007 was 86.2 million tonnes of coal through two export terminals – Dalrymple Bay Coal Terminal (DBCT) and the Hay Point Services Coal Terminal."
"The port generated almost 1,100 jobs directly with another 1,500 jobs created by flow-on port activity, generating about $136 million to household income in the financial year," he said.
Mr Mickel said the EIS quantified the contribution made by port operations to businesses and families throughout regional Queensland.
PCQ seaports also generate over $230 million in household income and an estimated 4,368 jobs (fulltime equivalent) or .02% of total employment in Queensland.
"Our regional ports generate widespread benefits that underpin a large portion of Queensland’s export trade," Mr Mickel said.
“PCQ is one of Australia’s largest port authorities by tonnage throughput and more than half of Queensland’s exports, by tonnage, pass through its ports. In the past financial year, throughput for all ports totalled 121.1 million tonnes.”
Ports included in the study were Hay Point, Abbot Point, Lucinda, Mourilyan, Cape Flattery, Thursday Island, Weipa and Karumba. They ship a range of bulk commodities including coal, sugar, molasses, silica sand, bauxite, zinc, live cattle and general cargo.
The EIS found the economic impact of the eight PCQ ports studied totalled $1.14 billion and generated almost 4,400 jobs.
“This study shows that our seaports are a lifeblood of regional communities," Mr Mickel said.
“Their economic impact extends far beyond the waterfront and into every Queensland city and town with almost $230 million going to Queensland families through pay packets from port-related jobs at these ports alone.”
PCQ’s ports generated 1,811 jobs through direct full-time employment in port-related businesses and another 2,557 in sectors including finance and business, wholesale and retail trade and manufacturing.
There were 1,951 commercial cargo ship visits during the year to the eight ports.
The EIS was conducted by economic research group EconSearch using a recognised Bureau of Transport Economics model which assesses the economic impact of ports.
A full copy of the EIS can be accessed at www.pcq.com.au.
Ministerial contacts: Chris Brown 3237 1944 or Shannon Mackay 3237 1125
For further information: Ports Corporation of Queensland General Manager Corporate Relations and Operations Gary Campbell: 07 3224 4346
March 21, 2008