Landbridge Announces Darwin Port Development Plans
Having secured a 99 year lease on Darwin Port, the Landbridge Group is now looking to develop the port and increase trade flow through Darwin.
This new $25 million development plan will “meet future increases in cargo volumes in the areas of dry bulk exports, liquid bulk imports, live cattle and container and general cargo throughput“, Landbridge said in its yesterday’s announcement.
The study considered an extension of the current quay line by 1000 meters to meet future increases in cargo volumes and how this would impact the overall layout of East Arm Wharf.
The company also plans to issue tenders for dredging and civil works in the harbor as early as next month, despite having “engaged consultants to start the process of planning and finding out the full extent of the environmental impact statements that we would need to do.”
“For our stakeholders, the Port Development Plan 2016 represents a long term vision that has been developed with their business in mind and we look forward to ongoing partnerships well into the future,” said Darwin Port Chief Executive, Terry O’Connor.
“Darwin Port is well positioned for the future, with strong prospects and clear certainty to become a major logistics hub, servicing the growth and development needs of Northern Australia and beyond. To realize this, we’ve adopted a broad vision for the future.”
The Landbridge Group is also actively pursuing synergistic opportunities for Darwin Port within its extensive business network in China.