Boost for Port of Brisbane

NEW South Wales infrastructure company Asciano has boosted its foray into the Queensland market, with a $125 million terminal at the Port of Brisbane and a 10-year haulage contract with Anglo Coal.

Asciano claims the AutoStrad Terminal at Fisherman’s Island at the Port of Brisbane (POB) is a world first, with a quay length of 900m and a capacity to hold 800,000 twenty foot units.

Managing director Mark Rowsthorn, says the terminal’s construction underlines a commitment to the Port of Brisbane, with an AutoStrad which can straddle containers and move them at 27 km/h unmanned.

“The terminal has been built to last and has been carefully planned to accommodate expansion as the POB grows,” says Rowsthorn.

“The Brisbane AutoStrad terminal is far removed from most people’s perceptions of the traditional waterfront. It is a sophisticated, safe and highly efficient environment exhibiting revolutionary technology and a highly skilled workforce.”

Anglo Coal will be Asciano’s fourth Queensland coal haulage customer, alongside Xstrata, Macarthur Coal and Rio Tinto.

The interest in businesses involved with the State Government’s infrastructure assets sends strong signals to the value of those assets, which include the Port of Brisbane, Queensland Motorways and Queensland Rail.

But as Asciano makes ventures into the Sunshine State, Queensland Rail has signed an 11-year contract with coal company Peabody Energy which will see QR forge a stronger presence in New South Wales.

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

Crypto staking: a new way to earn passive income
Partner Content
You may be familiar with traditional ways of earning passive income such as trading sto...
Etoro
Advertisement

Related Stories

John McGrath calls for calm as real estate company forecasts rise in earnings for FY22

John McGrath calls for calm as real estate company forecasts rise in earnings for FY22

Despite recent trading conditions proving disruptive for the reside...

Board exodus gathers pace at The Star after O’Neill resigns as chairman

Board exodus gathers pace at The Star after O’Neill resigns as chairman

The Star Entertainment Group (ASX: SGR) is now on the hunt for a ne...

Woolworths adds controlling stake in MyDeal to cart for $218 million

Woolworths adds controlling stake in MyDeal to cart for $218 million

Woolworths (ASX: WOW) is looking to enhance its online marketplace ...

Bendigo-based Apiam Animal Health saddles up with $13.8m acquisitions

Bendigo-based Apiam Animal Health saddles up with $13.8m acquisitions

Vet services business Apiam Animal Health (ASX: AHX) has gone ...