CEFC makes $150m loan to Moorebank freight hub, calls for greener transport

17/07/2017

Tactical Group, the Project Managers for the Moorebank Logistics Park are pleased to announce that the Clean Energy Finance Corporation (CEFC) has granted a $150 million loan to the $1.9 billion freight hub, its first investment in transport infrastructure.
 
The Moorebank Logistic Park, owned by logistics group Qube will reduce truck emissions by an estimated 110,000 tCO2e annually by providing a rail link to and from Port Botany and the project, reducing the amount of containerised freight needed to travel via road to and from the port and south western Sydney.
 
Net reductions in carbon emissions are expected to reach 2 million tonnes over 40 years, including savings from the use of renewable energy at the freight hub, such as solar power installation on warehouse roofs.
 
Steve Ryan, Director of Tactical Group said “We are delighted that the CEFC have made the decision to throw their support behind the Moorebank Logistics Park. This is the first of what will likely be many significant steps towards sustainable investment in freight and infrastructure projects in Australia which we anticipate will achieve significant reductions in transportation emissions”.
 
Qube hopes to eventually capture the energy produced when containers are lowered by cranes off ships, and switch to fully electric AutoStrads (10-metre-high unmanned machines that move and stack containers, using stored battery power).
 
Moorebank will be the largest intermodal terminal in Australia when it starts operating in 2018, and is forecast to handle up to 1.05 million import and export containers annually as well as up to 500,000 interstate freight containers. Environment and Energy Minister Josh Frydenberg said the Moorebank project would help Australia meet its emissions targets.
 
For further information please contact Fanny Charles at info@tacticalgroup.com.au.

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