Minister for Finance, Senator the Hon. Mathias Cormann and Minister for Infrastructure & Transport, the Hon. Darren Chester MP marked the official commencement of construction at the Moorebank Logistics Park on 6 April, following months of pre-construction and remedial works.
Moorebank Intermodal Company and the Sydney Intermodal Terminal Alliance (SIMTA), a wholly owned subsidiary of Qube Holdings, reached financial close on the agreement to develop and operate the site in late January.
Moorebank Intermodal Company Chair Dr Kerry Schott AO and Qube Holdings Chairman Chris Corrigan joined the ministers in recognising the significant milestone.
“The site has a direct rail link to Port Botany and the interstate freight network which, along with its proximity to major motorways, makes it ideal for an intermodal facility,” said Corrigan. “Moorebank Logistics Park will transform the freight and logistics supply chain along the East Coast.”
Corrigan noted that Moorebank was identified as a priority location for a freight terminal in 2004 and in October 2016 was included on Infrastructure Australia’s priority list for national infrastructure projects.
Dr Schott noted that both Qube and the Government share a long-term strategy to improve the logistics chain between the port, Moorebank and the rest of the freight network. This arrangement has the potential to become a model for future projects involving government and the private sector.
“Moorebank Intermodal Company was established to facilitate the development of the Moorebank Intermodal Terminal and oversee the achievement of the Commonwealth’s infrastructure and freight policy objectives.”
“The commencement of construction is a significant milestone that recognises our success and brings us a step closer to realising the substantial benefits this development will deliver for the people of southwest Sydney, and NSW more broadly.”
“Moorebank Logistics Park is a nationally significant infrastructure project that will be a major economic contributor to local and regional communities for years to come.”
Chester commented, “Today marks the first sod turn of the Moorebank Logistics Park, one of Australia’s most important freight infrastructure projects to address urban congestion and improve national freight connectivity.
Assessed as a priority project by Infrastructure Australia, the Moorebank Logistics Park is expected to deliver over $11 billion in economic benefits over the coming 30 years, including $120 million a year for the economy of south-western Sydney.
Over 1,300 jobs are expected to be created during construction of the Moorebank Logistics Park and a Deloitte Employment Forecast Report found that, once operations are at full capacity, the site will employ approximately 6,800 people.