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admin 13.09.2015

Qube and Aurizon have formed the Sydney Intermodal Terminal Alliance (SIMTA) in order to jointly negotiate the development and operation of the Moorebank Intermodal Terminal with the Moorebank Intermodal Company (MIC).
The decision was made by MIC’s Board of Directors after an evaluation of interest from potential developers and operators of the terminal. Qube and Aurizon have participated in the expression of interest process conducted by the MIC over the past six months and the SIMTA consortium has also been progressing development of its own intermodal terminal at Moorebank on a site adjacent to the proposed MIT. If a detailed agreement with SIMTA cannot be reached within six months, MIC will consider other options. Keep up to date on the latest news and developments in the commercial road transport industry. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising.
The Moorebank Intermodal Terminal will be one Australia's most significant freight transport infrastructure projects over the next 5 years providing a projected $10 billion in economic benefits.
The wraps came off Friday on the proposed Moorebank Intermodal Freight Project – a giant logistics hub to be located on 243 hectares of industrial land in South Western Sydney.


To cost an estimated AU$1.5 billion, the project is being spear-headed by Qube Holdings Limited, a diversified logistics and infrastructure company, active in both import and export cargo supply chains, and which manages a national network of intermodal terminals. The project model is a public private partnership (PPP) between the Commonwealth government and the Sydney Intermodal Terminal Alliance (SIMTA), which will develop and operate the Moorebank precinct under a 99-year lease.
SIMTA is a joint venture between Qube and Aurizon – a national freight company and operator of a national network of intermodal terminals. The proposed land for the project is owned two-thirds by the government, while SIMTA holds the rest. Revenues would flow from various activities of the project such as use of terminals, property management, construction works and management, ground rents and fees from logistics such as port shuttle rail, warehousing, container services and regional rail services. According to a Qube presentation, the terminal would reduce by about 3,000 the number of trucks that operate between Port Botany and Moorebank. Saul Griffith is an investor and trader in stocks, commodities and forex, writing under a pen name.
Two other respondents to the request for expression of interest have been asked by MIC to remain on standby.


Sign up to CRT News today to receive a FREE weekly E-newsletter delivered straight to your inbox. Saul has professional accounting qualifications and extensive experience in industry and the financial markets.
About 7,700 jobs would be created in South West Sydney and the terminal would substantially reduce cost within the logistics supply chain, with ultimate benefits to the consumer. He also has an abiding interest in breaking news that could be a harbinger of new trends and give insight into an instrument’s potential for providing value, growth or yield.



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