The Chinese inputs include support for rail and deepwater port construction in Oakajee, Western Australia, and a rail line and coal terminal linking a new mining development at Abbot Point, Queensland.<\/p>\n
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The Abbot point development, which is linked to trade agreements worth US$8 billon (AS$9.1 billion) and \u201cis expected to result in approximately AS$4 billion in exports every year for 25 years,\u201d said former Prime Minister, Kevin Rudd.<\/p>\n
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Karara Mining and China Development Bank Corporation will also be putting in US$1.2 billion for the construction of the new deepwater port at Oakajee in Western Australia along with its connecting rail infrastructure.<\/p>\n
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Not to be left out of the equation, Australia\u2019s New South Wales government is earmarking more than $345 million for port infrastructure.<\/p>\n
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Ports and Waterways Minister Paul McLeay said Sydney Port Corporation will invest AS$314.4 million to improve Port Botany. This will include a further AS$168.7 million to be spent on the large Port Botany Container Terminal Expansion project, which is to create a new 1.8 kilometre wharf with five new shipping berths.<\/p>\n
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Further, Port Kembla Port Corporation will invest AS$23.8 million including developing the Outer Harbour. The project intends to reclaim an initial 8 \u2013 10 hectares of land.<\/p>\n
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Lastly, the Port of Newcastle will see investments of almost AS$8 million to improve infrastructure and services.<\/p>\n","protected":false},"excerpt":{"rendered":"
Two major initiatives are boosting port expansion and development in Australia \u2013 one is part of new Australian agreements with China. The other is a major initiative by the New South Wales government.<\/p>\n","protected":false},"author":8,"featured_media":8013,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[55],"tags":[],"sponsor":[],"class_list":["post-8012","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oceania"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/8012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/comments?post=8012"}],"version-history":[{"count":1,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/8012\/revisions"}],"predecessor-version":[{"id":8014,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/8012\/revisions\/8014"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media\/8013"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media?parent=8012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/categories?post=8012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/tags?post=8012"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/sponsor?post=8012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}