More Investments for Geelong Port
- Business & Finance
Victoria is planning to invest approx. $10 million in channel dredging works at Geelong port, according to the 2015/16 State budget.
Victorian Regional Channels Authority (VRCA) chief executive officer Captain Peter McGovern confirmed this, saying to Lloyd’s List Australia that the funding will go towards deepening and widening a shallow patch near Lascelles Wharf’
The $9.8 million investment follows recently completed dredging program at the port. During the program that was funded by VRCA about 130,000 cubic meters of mainly sand, silt and soft clay was removed from four small areas on the inside of the bend to widen the turn and aid safe navigation of ships.
Geelong is the largest regional port in Victoria and an important hub for the movement of cargo into and out of the State. The port has a number of commercial wharves and piers mostly owned by port operator GeelongPort.
These investments are aimed to ensure the Port of Geelong, Victoria’s premier bulk cargo port, keeps its competitive edge and strong focus on safe navigation.