- Dampier Port Authority to seek private investment to upgrade Dampier Marine Services facilities
Will improve port efficiency with reduced freight costs, berth time and delays
Part of the State Government’s reform and restructure agenda to recover the AAA credit rating
The State Government has given the green light to a private public partnership between the Dampier Port Authority (DPA) and a successful bidder to boost its port capacity.
Treasurer and Transport Minister Troy Buswell said Dampier Port Authority would soon seek market interest in developing much-needed new infrastructure as well as leasing some existing facilities at the port.
“Dampier Port is one of the world’s largest bulk exporting ports and is vital to WA’s iron ore sector, as well as the exploration and development of offshore and onshore oil and gas facilities,” Mr Buswell said.
“Last financial year the port marked a record tonnage throughput and it is growing at around five per cent per year. However, the port’s high level of growth has put pressure on its infrastructure which is not keeping up with demand.
“More private sector investment at Dampier Port will help alleviate capacity constraints and delays, ease road congestion by allowing freight to be transported by sea to the port, while removing risks to Government associated with financing, building and operating the facility.
“Importantly, it reflects our policy to continue attracting further private investment in our ports.”
The Treasurer said it was also consistent with the Government’s agenda to return the State’s AAA credit rating, and was part of a broader, considered plan to address budget issues which also included the scoping of potential asset sales.
A market-sounding process carried out by DPA in 2012 identified sufficient commercial interest for the Dampier Marine Services facilities, which will include the Dampier Cargo Wharf, Dampier Bulk Liquids Berth, Heavy Load Out Facility, Alternative Load Out Facility and about 7.2 hectares of leasable land.
The Dampier Port Authority will retain responsibility for the safe operation of the port.
The benefits of increased commercialisation of port assets and expansion of new facilities include:
An increase in construction and operational jobs
Improved levels of trade and regional economic growth
Reduced freight costs
Reduced congestion and increased port capacity.
The expansion plans follow previous private sector investment in floating deck applications at Dampier Port.
Dampier Port Authority will open an expression of interest in coming months.
The Port of Dampier is one of the world’s largest ports by tonnage and plays a vital role in the economic development of the State and the nation
Continuing high levels of growth have meant the Port of Dampier has insufficient capacity to meet current and projected demand
The Dampier Cargo Wharf is at near capacity with berth occupancy rates projected to increase. Private investment is needed to expand facilities
An estimated $95billion worth of resource projects in the Pilbara region depend on the port in some way
Treasurer’s office - 6552 6400