Newsletter #344 (View other news stories)
Port Botany project signed and sealed
SYDNEY, New South Wales, Australia
Thursday, 24 Jan 2008
The AUD1 billion Port Botany expansion officially got under way last month with the signing of the contract in State Parliament on 20 December 2007.
The project, which involves a 60 hectare expansion to cater for growth and reinforce the port’s world class reputation, is expected to deliver more than 9,000 jobs and AUD16 billion to the NSW economy.
Trade through Port Botany, which handles a third of Australia’s container traffic, was worth more than AUD40 billion last year, and that figure is expected to double over the next 20 years.
Belgian company Jan De Nul and Australian company Baulderstone Hornibrook are the two joint-venture partners selected to deliver the massive infrastructure project.
More than 100 planning conditions have been imposed for the Port Botany expansion to protect the bay’s environmental health and local amenities.
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