Port expansion

25 March 2008

Australia's New South Wales government has given its approval for an AUS$ 1 billion (US$ 836 million) expansion of the territory's Newcastle Port, which is used to export coal.

Newcastle Coal Infrastructure Group will now build a new AUS$ 922 million (US$ 776 million) coal terminal at the port. Approval was also given for an AUS$ 78 million (US$ 65 million) expansion of the existing Port Waratah coal terminals in Newcastle by a different group of miners.

Construction is expected to start later this year.

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