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Agreement reached on Sydney freight project at Moorebank

The business case for the Townsville Eastern Access Rail Corridor (TEARC) has been released, with the Queensland Government moving to ensure the long-term future of rail freight to the Port of Townsville.

Agreement reached on Sydney freight project at MoorebankDevelopment of Sydney’s Moorebank Intermodel Terminal is underway following an agreement between the Moorebank Intermodal Company (MIC) and the Sydney Intermodal Terminal Alliance (SIMTA).

SIMTA will develop and operate an intermodal freight terminal and warehousing across both Government and SIMTA-owned land at Moorebank.

This includes direct rail access to Port Botany via the Southern Sydney Freight Line.

The facility will include an import-export terminal with capacity to handle up to 1.05 million containers a year and a separate interstate terminal that will ultimately have capacity for up to 500,000 containers a year.

SIMTA will provide up to $1.5 billion in private investment for the project.

The total economic benefits of the project are estimated at close to $9 billion, including relieving traffic congestion on Sydney’s roads, reducing costs to business and better environmental outcomes.

Over 1,300 jobs will be created during the construction phase, with up to 7,700 jobs created mainly in South-West Sydney once the intermodal terminal precinct is fully developed.

Subject to the approvals by the Commonwealth and state planning and environment authorities, work on the project will begin this year and the Moorebank intermodal terminal is planned to be operational from late 2017.

SIMTA is a consortium which represents two of Australia’s largest logistics companies: Qube Holdings and Aurizon Holdings.

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