HPH to invest in new container terminal at Port Botany

Baird Maritime

Published:22nd Dec, 2009 at 4:57 AM

Hong Kong-based Hutchison Port Holdings (HPH) has signed an agreement with Sydney Ports Corporation (SPC), Australia, that clears the way for the development and operation of the Third Terminal (T3) at Port Botany.

Lease agreement signing ceremony for the development and operation of the Third Terminal at Port Botany. Front row left to right: John Meredith, Group Managing Director of HPH, Paul McLeay, Minister for Ports and Waterways, the Honourable Kristina Keneally, Premier of New South Wales, Michael Braham, Presiding Director of Sydney Ports Corporation. Back row left to right: Raymond Law, Managing Director – Australasia & North Asia, HPH, and Grant Gilfillan, Chief Executive Officer of Sydney Ports Corporation

Paul McLeay, Minister for Ports and Waterways, held a short conference in the presence of the Honourable Kristina Keneally, Premier of New South Wales, to make the announcement on December 18.

Sydney International Container Terminals (SCTL), a wholly-owned subsidiary of HPH has been established to operate T3, the 50th port in the HPH network. The new terminal will be leased for a period of 30 years.

Aerial view of Port Botany where construction of the Third Terminal is underway

"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," John Meredith, Group Managing Director of HPH, said.

Construction of T3 has already begun. The new terminal is expected to commence operations in 2012. It will have a total quay length of 1,850 metres, five shipping berths and a 63-hectare terminal yard, of which HPH will operate four shipping berths with 1,300 metres of quay line and 46 hectares of yard.