by Lloyd's List
28 January 2025 (Lloyd's List) - GLOBAL logistics giant DP World, together with operator NSW Ports, will invest A$400m ($249m) into Port Botany, Sydney, Australia.
The investment will more than double capacity at DP World’s rail terminal, from 400,000 teu annually to 1m teu.
Starting in June this year, the project involved the building of five new rail sidings which can accommodate 600 m long regional trains. It will take two years to complete.
Port Botany handled 2.6m teu in 2023 and contributes A$10.7bn to New South Wales’ economic output, according to DP World. It is Australia’s only container port in which all terminals are connected to the regional rail network with on-dock rail.
NSW Ports chief executive Marika Calfas said the project would “enable more containers to be moved by rail, reducing the growth of trucks on roads and will deliver greater efficiency for the state’s container supply chains”.
DP World Oceania executive Nicolaj Noes said the capacity expansion “accelerates the shift of freight from road to rail while reducing carbon emissions and improving Sydney’s air quality at the same time”.
