Townsville Port Starts Another Major Development Project
- Business & Finance
Townsville construction company Formset has been awarded a $10 million contract to build a 1.6-hectare container terminal as part of the Townsville Port’s $30 million Crane and Cargo Terminal project at Berth 4.
The announcement was made today by Deputy Premier and Treasurer Jackie Trad.
Formset Managing Director, Brent Zander commented that the construction of the Berth 4 Cargo Terminal Area will take up to 36 weeks to complete.
“We’ve been working with the port for a long time, but this is the biggest project we have undertaken for the port. The Berth 4 Cargo Terminal Area project reaffirms our commitment to quality and expertise in commercial and industrial environments,” Brent Zander said.
According to the Transport and Main Roads Minister Mark Bailey, the $30 million project will be added to major capacity-expanding projects at the port, including construction of the $48 million intermodal facility, $193 million port channel upgrade and the completion of the $40 million Berth 4 upgrade.
With more than 10 years in planning, including Commonwealth and State Government environmental approvals, the $193 million channel upgrade project represents the biggest investment project in the port’s history and involves widening of the shipping channel to accommodate ships of up to 300 meters in length.
Due to the narrowness of the channel, only ships of up to 238 meters can currently access the Townsville Port. The Queensland and Commonwealth Governments have each committed $75 million for the project, with the Port of Townsville contributing $43 million.