Government calls for Moorebank proponents
The Federal Government is calling for private companies to register their interest in developing and operating the Moorebank Intermodal Terminal.
Federal Minister for Infrastructure, Anthony Albanese, said that the Government was calling for interest from both local and international companies and consortia to deliver the Terminal, which is expected to generate around $10 billion in economic benefits through reduced freight costs, reduced traffic congestion and better environmental outcomes.
The Terminal is due to commence operations in late 2017 and will be Sydney’s major rail freight solution for decades to come,” Mr Albanese said.
“Once up and running, it’s forecast that the Terminal could remove 1.2 million trucks each year from Sydney’s roads—that’s equivalent to 3,300 trucks per day.”
“This project is essential to delivering greater freight efficiency and competitiveness for Australian businesses and is looking to make improvements along the length of the supply chain.”
The Registration of Interest process is being undertaken by Moorebank Intermodal Company which was established in December 2012 to take the project to market.
Minister for Finance and Deregulation, Senator Penny Wong, said that briefings have already been provided to over 60 Australian and international companies, including large rail freight operators, intermodal users, financiers and construction companies.
“There is strong interest across the board in project participation as well as from industry players keen to use the Terminal. This reflects the commercial benefits of this venture,” Senator Wong said.
Registrations of Interest close on 12 June 2013.
Further information on the Moorebank Intermodal Facility is available atwww.finance.gov.au/property/property/moorebank-intermodal-freight-terminal/index.html