Sydney International Container Terminals (SICTL), a wholly-owned subsidiary of Hutchison Port Holdings (HPH), has invested more than $300 million in the facility, which is part of the $1 billion Port Botany Expansion project.
HPH signed a 30-year lease with the New South Wales government in 2009 for the 45-hectare site. SICTL, which began initial operations in November 2013, will have a capacity of one million TEUs when fully operational. The terminal will operate four shipping berths with a 1,300 metre quay.
HPH says that the introduction of SICTL as the third container operator into the port is creating greater competition.
The terminal is equipped with Post-Panamax quay cranes which can span 18 container rows, and thus handle ships carrying 8,000 TEUs. Its yard will operate automated stacking cranes, which are being introduced into the port for the first time.
“We need world class facilities and international operators like SICTL to be competitive in global trade and to meet the growing demand for container traffic in the years ahead,” said Mr Baird.
“This impressive new facility doubles the capacity at the terminal and brings a third operator into the market. Increasing competition on our waterfront will cement our standing on the global trade stage, while at the same time helping to reduce the costs of everyday goods and services for the people of NSW.”