Photo: Port of Melbourne
Port of Melbourne's Port Rail Transformation Project (PRTP) is set to go ahead with all of the preconditions completed. The $125m initiative will involve rail infrastructure works and a new rail operating framework inside the port, providing an alternative to moving containers by trucks.
Funding is based on an increase in the tariff of $9.75 per TEU1 on full import containers. It will take effect starting Juner 2020. According to Brendan Bourke, CEO, Port of Melbourne, PRTP will play a crucial role in Victoria's post-pandemic recovery process, by creating workplaces related to the construction project. It will also serve as a boost for the economy due to an increased efficiency in cargo movement and have a positive impact on the supply chain in the future.
Bourke said, "The Port of Melbourne has listened to industry feedback and is responding with a solution that meets the need for increased transparency in rail access arrangements, improved port access and greater capacity […]."
The press release also states, that the port will cooperate with port users and other stakeholders in order to ensure the industry profits from the initiative.
After a strong Expressions of Interest process, Port of Melbourne will execute a Request for Proposal for the infrastructure works with new infrastructure construction expected to commence before the end of the year.
Information required for the industry to take advantage of the project will be collected on a web portal developed by the port.