Victorian Premier Denis Napthine and State Minister for Ports David Hodgett have just announced a multi-million dollar investment on the Port of Geelong.
The port is an integral part of the state’s freight network and the government takes early action to ensure the continued growth of its valuable assets. As part of the state’s Channel Access project, the port will be developed to make way for bigger ships to allow for greater trade volumes. The announcement is great news for Victorian economy as local exporters and importers, particularly regional producers who rely on the Port of Geelong to export grain, wheat and petroleum products.
“With planning for the expansion of the Port of Hastings well underway, and the expansion of the Port of Melbourne also progressing, we are taking the necessary steps to provide certainty for industry and ensure Victoria remains the freight and logistics capital of Australia,” Mr Hodgett said.
The move is intended to boost jobs in Geelong and secure future trade for all of Victoria.
Victorian Regional Channels Authority (VRCA) CEO Captain Peter McGovern said trade forecasts show no sign of slowing.
The port recently had a 260 metres long ship enter. According to McGovern, ships are getting bigger and bigger making it critical to ensure they can get in and out of the port.
Trade and employment at the Port is expected to double by 2030 according to Dr Napthine making it high time for the Victorian Government to invest now to provide for the immense growth.
VRCA has worked closely with port users on completing a port development strategy to be released shortly.
It will outline a range of opportunities to accommodate anticipated growth at the port including channel access improvements now and in the future to ensure bigger ships will be able to access the port.
Geotechnical work along the channel will also be undertaken to support the Port Development Strategy.