DRIVING FORCE OF NORTHERN AUSTRALIA
PORT EXPANSION PROJECT - STAGE 2 GROWTH OPPORTUNITY
158 hectares and see the construction of new port infrastructure.
The $1.6 billion Port Expansion Project (PEP) is a long-term development plan for the Port of Townsville - Northern Australia’s largest multi-cargo port.
Stage 2 of the PEP requires the remainder of the rock wall for the PEP footprint to be built and a detailed business case for future development to be undertaken to ensure the PEP delivers optimal outcomes for a multitude of port users and the growth of the North.
The project comprises channel widening (currently underway), land reclamation, and the development of a new outer harbour, wharves, and associated infrastructure. The Port of Townsville facilitates the trade of more than 30 commodities, worth more than $8 billion per annum on global markets. This figure is projected to increase three-fold by 2050, creating enormous economic prosperity and generating significant employment opportunities for the region. BACKGROUND: Stage 1 of the Port Expansion Project is the $232 million Channel Upgrade Project which will deliver a wider shipping channel and a 62 hectare port reclamation area. The Channel Upgrade Project is currently on track for completion in 2024. Once complete, larger commercial, cruise and defence vessels (up to 300m long) will be able to access the Port to service our region’s existing and emerging industries and growing trade demands. Future Stages of the PEP will increase the reclamation area to
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TOWNSVILLE NORTH QUEENSLAND
BENEFITS: The Port Expansion Project has the potential to provide common user facilities and/or the exclusive use of vital port infrastructure for a multitude of priority projects for the north, including: Australian Defence Forward Mounting Base Capability. Specifically accommodating future Army amphibious base requirements and new Navy facilities to support enhanced strategic projection in the Asia Pacific Region. Enabling growth in the supply chain from the North West Minerals Province through to the world. There has been in increase in potential for new trade through the port supported by developments and growth in: D emand for critical minerals to support the decarbonisation effort. Demand for fertiliser products.
