Export shipping set to surge at Lucky Bay facility
28 October 2016
Joint release with:
Federal Member for Grey
- Coalition Government investment of $2.2 million in multi-user port facility in Lucky Bay is complete.
- Grain export facility expected to be operational in 2017.
- 63 ongoing jobs will be created once the facility is fully operational.
South Australia's first multi-user port facility is complete, with the $21.8 million project to service both farming and mining companies well into the future.
Minister for Regional Development Fiona Nash said the harbour facility would be able to better accommodate large export shipments of minerals, grain and other bulk commodities.
“The Lucky Bay Port is an important export point for local industry, saving growers in the immediate area on land transport by reducing the cost per tonne per year,” Minister Nash said.
“This is a significant economic benefit for the region, providing added financial returns to individual enterprises.
“I aim to help build the kinds of regional communities our children and grandchildren either want to stay in or come back to, and projects like this build local economies and help build those communities.”
When associated grain infrastructure is complete the facility will locate the export and handling system closer to the resource production.
The long term benefits of the fully operational project will be felt in the local communities of Franklin Harbour, Cleve, Kimba, Drake peak and Wudinna.
It is anticipated that more than 60 jobs will be created out of the completed facility, supporting regional employment and bulk grain handling and distribution.
Federal Member for Grey Roman Ramsey said, “There is still some way to go before the port is ready for direct export with a considerable investment for infra-structure required.”
“However the opening of the facility marks the end of a very significant first step and I have been having ongoing discussions with possible investors regarding the next moves.”
Mr Ramsey said he had arranged meetings between those parties and relevant ministers in Parliament in the next sitting week to discuss possible structures and lines of finance.
- Australia's two-way trade in goods and services was worth nearly $670 billion in 2015—a vital component of Australia's economic prosperity.
- Top 5 Export destinations of Australia— China (29%), Japan (20%), South Korea (8.4%), India (5.3%), and United States (3.6%)
- Australia is a major exporter of agricultural products, particularly wheat and wool, minerals such as iron ore and gold, and energy in the forms of liquefied natural gas and coal.