- $332 million funding for Mid West Ports Authority developments
- Investment to meet increased demand for port services
- Funding supports more than 2,700 jobs, growth and industry diversification
The McGowan Government is investing $332 million into Mid West Ports Authority's Port Maximisation Project, to meet increased demand for Geraldton Port services - supporting more private investment and jobs, as part of the 2022-23 State Budget.
The Port Maximisation Project will be delivered over four years, facilitating growth by allowing Mid West Ports Authority to increase trade from 15 million tonnes per annum (Mtpa) to 25Mtpa by 2026.
This plan will see new trades from 11 new customers and their diverse product mix of material, supported through a combination of debottlenecking and new economic infrastructure - covering transport, land acquisition, storage, materials handling, upgrades to Berths 1/2 and 6 and associated supporting infrastructure.
The project is expected to create more than 2,700 jobs during construction and hundreds of indirect jobs and opportunities for local subcontractors to get involved.
Increasing capacity by 10Mtpa will provide great opportunities for prospective customers, with many of the projects included in the Port Maximisation Project accelerated to take advantage of commodity prices. This project will facilitate greater trade, maximise the use of the existing Port footprint and deliver value to the Mid-West.
Comments attributed to Ports Minister Rita Saffioti:
"Mid West Ports Authority has been experiencing substantial growth for port services, with projected demand increasing. This is why the McGowan Government has invested $332 million to meet this demand and create further investment opportunity.
"This region has long been associated with grain and iron ore exports, however, the region is becoming a valuable supplier of mineral sands, metal concentrates and silica sand in a rising global market.
"Our investment is going to support greater diversification at the Port, increased resilience, greater growth, and create more than 2,700 jobs. It will provide essential capacity for emerging Mid-West exporters to reach lucrative international markets."
Minister's office - 6552 5500