Port expansion to grow SA economy

The South Australian state government has signed off on Flinders Ports’ Channel Widening project which will grow the state’s economy, drive export growth and support more jobs, according to a press statement by the state.

“This is one of the most significant and important private sector investments for the future economic prosperity of South Australia,” said Minister for Transport, Infrastructure and Local Government Stephan Knoll.

“Flinders Ports’ Channel Widening project will increase our state’s export capacity which will help grow our economy and create more South Australian jobs.

“The Marshall Liberal Government has a strong reform agenda and commitment to grow our exports and create more jobs, and this project complements that goal.

“The global shipping market is continually and rapidly expanding with vessels becoming larger as shipping companies seek further economies of scale, especially since the expansion of the Panama Canal.

“In fact, the number of larger post panamax ships accessing the Port has grown from 185 in 2016 to 268 in 2017 and is expected to reach 312 in 2018 – that’s a substantial increase in activity,” Knoll said.

He also mentioned that despite this growth there is a real risk that containerised trade and cruise shipping will skip Adelaide if we aren’t able to accommodate larger vessels.

He explained of thedetrimental impact on South Australia’s economy, hurt our exporters and increase the cost of doing business through increased transport costs if exporters were forced to send their goods interstate before being exported.

Knoll also said that his newly formed government doesn’t want South Australia to be left behind and miss out on significant export and job opportunities which is the reason behind the signing off on Channel Widening proposal.

“This decision means that Flinders Ports will now have to substantially commence works within two years and finish within four years,” Knoll said.