New facts and figures show strength in the export sector, and a community benefits from careful planing
Emerging from the global financial crisis, Australia has one of the strongest economies in the world. With strong exports and a readiness to expand import and export trades, Australia needs to expand its infrastructure and port systems. Among one the most ambitious in the last 30 years is the Port Botany expansion. The project involves the reclamation of 60 hectares of land for the expansion of the port.
The project was approved in 2005, and is being constructed next to the existing Patrick terminal and will provide for expanded capacity for now and the future.
In October, the NSW Treasurer and Minister for Ports and Waterways Eric Roozendaal, presented the community with over $30 in new infrastructure and facilities that had been developed under this project banner.
“The $1 billion Port Botany expansion will play a vital role in facilitating import and export trade for the whole of NSW,” Mr Roozendaal said in a statement in October.
“Port Botany is the backbone of our $400 billion state economy but it was also important, as part of this expansion, to invest in and support the local neighbouring communities. That is why within the $1 billion expansion the NSW Government committed $30 million to upgrade facilities for the communities and residents around Port Botany.”
The Minister attributed well integrated planning and community support had allowed for the success of these new infrastucture projects, including A new Port Botany Boat Ramp, the Foreshore Road Pedestrian Bridge, the Mill Stream Lookout, and an upgrade Foreshore Beach facilities.
The plan will have potential berths available in 2012, and by the beginning of October 2010, already showed the real success the project has already had. October marked the 12th consecutive month of growth for Port Botany’s container trade.
“The green shoots of recovery have turned into solid growth: for the 12th month in a row, container volumes at Port Botany have hit new records,” Mr Roozendaal said.
“Container trade in September is the highest for the month of September, reaching over 173,600 TEUs (Twenty Foot Equivalent Units), an increase of 12.6% on the same month last year,” he said. “This continued growth indicates the strength of the NSW economy and the importance of our trade partnerships with East Asia which – financial year to date – represents 46%of full containerised volume into Port Botany, with over 34% of that trade with China”, he said.
“This increase has been has been driven by higher exports in chemicals (up 19.6%), paper products (up 7.8%) and iron & steel (up 45.4%),” he said highlighting more facts and figures describing increased shipping and exports.
In all, the expansion of the port, and several other projects, have become necessary for the continued growth of the NSW, and Australian markets.