Australia's Hastings to Get Port Infrastructure Funds

Australia's Hastings to Get Port Infrastructure Funds

The Port of Hastings, Australia, will receive $110 million over the next four years from the Victoria government to expand container capacity and improve land-side transport connections, according to the state’s Premier Denis Napthine.

The funding package will enable completion of preferred scope, design works, transportation connection planning, preliminary work to support environmental approvals processes, business case development and procurement and delivery strategies.

The improvements will complement the Port of Melbourne’s $1.6 billion expansion, said David Hodgett, Victoria’s minister for ports, in a written statement.

“When completed, this multibillion-dollar development of the Port of Hastings will ultimately provide capacity for 8 (million) to 9 million containers, which is almost double the current container capacity of the Port of Melbourne,” Hodgett added.