Generating 9,300 jobs and flow-on benefits worth $1.3 billion to the Lower Hunter, a new container terminal at Newcastle will turbo-charge the economy as it recovers from the effects of COVID-19.
Economic recovery aside, the Newcastle Multi-purpose Deepwater Terminal (MDT) will be a major growth and diversification catalyst for the Hunter Region.
A study conducted by HoustonKemp in 2020, estimated the Multi-purpose Deepwater Terminal would contribute:
For the foreseeable future, there are no other developments in the Hunter Region with the same level of scope or potential to generate such significant economic growth.
Port of Newcastle is already an economic powerhouse of the Hunter Region
Port of Newcastle is a major Australian trade gateway handling 4,600 ship movements and 171 million tonnes of cargo each year. With its annual trade worth about $25 billion to the New South Wales economy, the Port enables businesses across the state to successfully compete in international markets. With a deepwater shipping channel operating at 50% of its capacity, significant port land available and enviable access to national rail and road infrastructure, Port of Newcastle is positioned to further underpin the prosperity of the Hunter, NSW and Australia.