The Port of Townsville has welcomed Australian Prime Minister Scott Morrison's announcement today of a AU$75 million (US$54 million) funding contribution towards the Townsville Channel Capacity Upgrade, meaning works can now get underway.
The AU$193 million project involves widening of the shipping channels to accommodate larger ships and is the vital first stage of works under the AU$1.64 billion Townsville Port expansion.
The Queensland State Government has committed AU$75 million towards the channel works, and Port of Townsville will fund AU$43 million.
Townsville Port is Australia's largest sugar, zinc, lead, copper and fertiliser port and Northern Australia's largest container and automotive port.