A media conference, presided over by the Honourable Kristina Keneally, Premier of New South Wales, and Paul McLeay, Minister for Ports and Waterways, was held in Sydney to announce the agreement. Sydney International Container Terminals (SCTL), a wholly owned subsidiary of HPH has been established to operate T3 \u2013 the 50th port in the HPH network. The new terminal will be leased for a period of 30 years. Speaking at the ceremony, Premier Keneally said: \u201cAs one of the most extensive and innovative port infrastructure projects undertaken anywhere in Australia over the past 30 years, T3 will underpin future job growth as well as export and import trade in and out of New South Wales and Australia. The NSW Government\u2019s appointment of HPH cements Port Botany\u2019s position as one of the most important container ports in the world.\u201d Commenting on the latest addition to the HPH port network, John Meredith, group managing director of HPH, said: \u201cAustralia is a major market for HPH, and we are pleased to be part of the New South Wales Government\u2019s plan to provide world-class port facilities in the state. Port Botany is New South Wales\u2019 premier port and one of Australia\u2019s major international container ports, handling one-third of the country\u2019s container traffic. We are optimistic about the future growth of Port Botany as trade increases between Australia and Asia in line with the recovering world economy.\u201d Sydney Ports Corporation CEO Grant Gilfillan added he was pleased to welcome a new operator to the port: \u201cWe look forward to working with HPH, whose expertise and professionalism will enhance the competitiveness of Port Botany. The new terminal will provide the much needed capacity to meet projected long term trade growth targets for Sydney and provide better access to shipping lines for the state\u2019s exporters and importers.\u201d Construction of T3 has already begun. The new terminal is expected to commence operations in 2012. It will have a total quay length of 1,850 metres, five shipping berths and a 63-hectare terminal yard, of which HPH will operate four shipping berths with 1,300 metres of quay line and 46 hectares of yard.<\/p>\n","protected":false},"excerpt":{"rendered":"
Hutchison Port Holdings (HPH) has signed an agreement with Sydney Ports Corporation (SPC) that clears the way for the development and operation of the Third Terminal (T3) at Port Botany, Australia.<\/p>\n","protected":false},"author":8,"featured_media":4314,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[34],"tags":[],"sponsor":[],"class_list":["post-4313","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-greenport"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts\/4313","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/comments?post=4313"}],"version-history":[{"count":0,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts\/4313\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/media\/4314"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/media?parent=4313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/categories?post=4313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/tags?post=4313"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/sponsor?post=4313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}