Global Gateway for NSW: The economic impact of a container terminal at the Port of Newcastle
Australia has five major container ports, with one in each mainland state. New South Wales is served predominantly by Port Botany. But the state is growing and will need more infrastructure to handle greater volumes of freight in the coming years.
AlphaBeta was commissioned by the Port of Newcastle to study the economic impact of a second container terminal that it is proposing to build in northern NSW. We found that the new terminal could deliver $6 billion in economic benefits by 2050 by reducing land freight costs and introducing competitive pressure on Port Botany.
Sydney will benefit from having less freight traffic on its roads, avoiding an estimated $500 million of infrastructure spending, as well as reducing congestion and pollution. The proposed terminal could also generate an extra $800 million in exports and 4,600 new jobs in the Hunter Region and Northern NSW.