$670mil added to Newcastle port expansions

Posted on 10/02/2010  

The Port Waratah coal terminal will pump another $670 million into infrastructure at the Newcastle port, adding another 20 million tonnes of capacity to the facility. The Port Waratah Coal Services (PWCS) board has approved the spending, taking total expenditure on coal loading infrastructure over the past 12 years to more than $1.6 billion. The operator says the expansion will help manage ongoing demand for Hunter Valley coal and honour long-term coal export contracts recently signed by PWCS and Hunter Valley coal producers. The works are scheduled to be completed by the end of 2011.

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