Port expansion boosted with extra cash injection
CAPACITY at the Port of Gladstone is to expand even further with the State Gov- ernment yesterday committing a further $46.5 million for more coal export infra- structure.
Speaking at a coal industry function in Japan yesterday, Premier Peter Beattie said a fourth berth at the RG Tanna Coal Terminal would be built as part of a ma- jor expansion.
Mr Beattie said the expansion would boost capacity at the terminal by more than 50 per cent by the end of next year.
"The new berth, and increases in the scope of the expansion, will take the total project cost beyond $230 million,'' Mr Beattie said.
"With simultaneous expansion under way at the nearby Barney Point terminal, the port's total capacity for coal exports will increase to more than 70 million tonnes per annum (mtpa).
"The state government last November approved a redevelopment of the R G Tanna Coal Terminal to add a third rail receival station, two additional coal stockpiles and a third ship loader, as well as faster conveyor belts, to increase ca- pacity from the current 40mtpa to 54mtpa.
"Since then some coal producers have received additional commitments from buyers, so the scope of the project is be- ing expanded by another $46.5 million worth of extra infrastructure including the fourth berth,'' Mr Beattie said. "This will lift capacity even further at this terminal from the 54mtpa target an- nounced last November to 62mtpa.''
Gladstone increased coal exports by more than 11% last financial year to 42.4 million tonnes, worth more than $4 billion.