Newcastle secures expansion funds

News was prepared under the information support of Online Daily Newspaper on Hellenic and international Shipping "Hellenic Shipping News".

2 Sep 2010

Finance has been secured for an A$900m (US$807m) expansion at Newcastle, the world’s largest coal export port, with export capacity at the New South Wales port planned to reach 180m tonnes per year by 2013 The expansion is intended to service current coal production plus volumes coming on stream from new mines.
The expansion is being planned by Newcastle Coal Infrastructure Group (NCIG), part owned by BHP Billiton. The NCIG consortium was formed in 2004 to address capacity issues for regional coal exporters.

Source: Port Strategy