A report due out today is expected to shoot holes in Newcastle's push for a container terminal.
Fairfax says the report, prepared for Ports NSW by consultants KPMG, claims building container capacity in Newcastle makes no sense. Port NSW operates Port Botany and Port Kembla.
The report says compared to Botany and Port Kembla, between now and 2046, a Newcastle terminal would cost the most to maintain and would bring in the least amount of container trade. It goes on to say that Port Kembla would be the obvious choice should a second container terminal be needed in NSW.
Although Newcastle Port CEO Craig Carmody maintains the project wouldn't need public funding, the report suggests it would need massive taxpayer investment in road and rail projects to be successful.
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| New Report Says Newcastle Container Terminal "Makes No Sense" |
