Port of Melbourne’s Port Rail Transformation Project (PRTP) is set to go ahead with all of the project’s preconditions being completed.
The AU$125 million initiative will involve significant rail infrastructure works and a new rail operating framework inside the port that will provide an alternative to moving containers by trucks. The project is being funded through an increase in the tariff of AU$9.75 per TEU1 on full import containers, to take effect 1 June 2020.
Brendan Bourke, chief executive officer, Port of Melbourne, commented: “A rail solution for the port will play a vital role in Victoria’s post-covid economic recovery with a large construction project supporting jobs as well as supporting the more efficient movement of freight and contributing to a more productive supply chain for decades to come.
“The Port of Melbourne has listened to industry feedback and is responding with a solution that meets the need for increased transparency in rail access arrangements, improved port access and greater capacity. The project embraces these principles and supports the Government’s Port Rail Shuttle Network.”
After a strong Expressions of Interest process, Port of Melbourne will execute a Request for Proposal for the infrastructure works with new infrastructure construction expected to commence before the end of the year.